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Better Environment for Open-up and Business
2017-07-24 10:19:11

It was emphasized at the 16th meeting of the Central Leading Group for Financial and Economic Affairs that efforts need to be made to improve the investment and market environment, quicken the pace of open-up, foster a business environment which is stable, fair, transparent and predictable, and accelerate the construction of an open economic system to promote sustainable and sound development in China.
Zhejiang has always stood at the forefront of the reform and open-up, having the third largest export share in the country. Cargoes loaded and unloaded at the Ningbo- Zhoushan Port remain the first in the world for 8 years......The 14th Provincial Party Congress has put forward the goal of building Zhejiang into a more open and stronger province, and Zhejiang should seize every chance and exploit its advantages to the full. Led by “OBOR”, Zhejiang has started another round of open-up. Furthermore, the importance of an open economy and its development direction in the following 5 years has also been highlighted.
The Central Leading Group for Financial and Economic Affairs pointed out that one of the main purposes to build a new open economic system is, through open-up, to accelerate institutional construction, and laws and regulations construction, improve business and innovation environment, reduce market operation cost, improve efficiency, and promote international competitiveness.

Regarding this, Zhejiang is deepening the economic structural reform with a commitment to the “at-most-one-time presence” reform. Zhejiang Pilot Free Trade Zone (FTZ) has become the “First Kickoff” in reforming the commercial system and streamlining administration soon after the 100th day since its establishment. Statistics show that after the service of “settlement at one window” was put into practice in Zhejiang FTZ, there are altogether 358 items handled concerning business registration and related post approval matters by the end of June. Besides, with a green channel opened at the “FTZ Enterprise Registration” special window in line with the principle of dealing with special things in special ways and urgent matters in quick manner, there are more than 400 items fixed in relation to all kinds of business registration applications, including over 380 immediate ones.
At the meeting of the Central Leading Group for Financial and Economic Affairs, the importance of foreign investment was emphasized. It is necessary to accelerate the unification of laws and regulations concerning foreign and domestic investment. Foreign enterprises, once registered, must operate under the regulation of the Company Law with national treatment on the principle of equality in law and policy.

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