Have you ever thought about starting your own company? In China, it’s becoming a lot easier! Let me tell you a story about Zhao Peng, a manager of a food company.
Zhao Peng walked into a busy government office in Beijing, thinking he’d spend all day filling out forms to open a new branch of his restaurant. But guess what? The staff checked his papers quickly and said he could even submit missing documents online! 😮 They told him, “No need to come back. Just upload it from home, and your permits will be ready in a few days.”
“With just one trip, I got the new business license and operating permit. It’s so convenient!” Zhao said excitedly.
China’s Big Plan to Help Businesses 📋
The Chinese government wants to make it easier for people to start and run businesses. They introduced a “one-stop service” system. Imagine going to just one place (or website) to do everything you need! This system helps with things like updating company information, starting new businesses like transportation or restaurants, and even applying for utilities like water and electricity.
They also made new rules to help private businesses (these are companies not owned by the government). They’re simplifying processes, reducing taxes and fees (so companies pay less money to the government), and using more digital tools to make everything faster. They’re even working on a new law called the Private Economy Promotion Law to support private companies even more.
More Businesses = More Growth 🌱
By the end of September, there were over 55 million private companies in China! That’s a huge number, and it’s 92.3% of all businesses there. More companies mean more jobs and more things for people to buy and use.
The government is also helping businesses invest in big projects like building railways, energy plants, and water resources. They’re making it easier for companies to get loans and protect their rights.
Welcoming the World 🌎
China isn’t just helping businesses inside the country. They’re also making it easier for foreign companies (companies from other countries) to do business there. They’ve reduced restrictions, so it’s simpler for these companies to start and operate.
Even though global investments went down in 2023, China remained a top place where businesses wanted to invest their money. In the first quarter of 2024, over 12,000 new foreign companies were started in China. That’s a 20.7% increase from the previous year! 📈
All these changes show that China is working hard to build a fair and easy place for businesses to grow and succeed.
Reference(s):
China moves to optimize business environment, driving growth
cgtn.com
