BEIJING, Sept. 12 (Xinhua) — China will further push reforms that aim to streamline the approval process for companies, a State Council executive meeting presided over by Premier Li Keqiang decided on Wednesday.<\/p>\n
China will expand a pilot reform that separates business operation permits from business licenses nationwide, according to the meeting.<\/p>\n
The country will cut the production permits for industrial goods by at least another one-third and simplify approval procedures for other permits so that corporate burden will be further reduced, according to the meeting.<\/p>\n
Production permits for 14 types of industrial goods will be canceled, dropping the number of types that need production permits to 24.<\/p>\n
Production permits for goods related to public security, public health, and environmental protection will be replaced by mandatory certification.<\/p>\n
A list of these products will be compiled and released to the public, and certification charges should be funded by public finance, according to the meeting.<\/p>\n
The new measures will reduce the costs for companies to gain market access, which help unleash vitality of the private sector, according to Ren Xingzhou, a researcher with the Development Research Center of the State Council.<\/p>\n","protected":false},"excerpt":{"rendered":"
BEIJING, Sept. 12 (Xinhua) — China will further push reforms that aim to streamline the approval process for companies, a State Council executive meeting presided over by Premier Li Keqiang decided on Wednesday. China will expand a pilot reform that separates business operation permits from business licenses nationwide, according to the meeting.<\/p>\n","protected":false},"author":85,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1755","post","type-post","status-publish","format-standard","hentry","category-article"],"_links":{"self":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts\/1755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/users\/85"}],"replies":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/comments?post=1755"}],"version-history":[{"count":1,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts\/1755\/revisions"}],"predecessor-version":[{"id":1756,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts\/1755\/revisions\/1756"}],"wp:attachment":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/media?parent=1755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/categories?post=1755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/tags?post=1755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}