BEIJING, June 24-- China will work to further shorten the time required for starting a business and better regulate the charges on businesses from industry bodies and associations in an effort to lessen corporate burdens and spur their vitality, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday. Premier Li highlighted the need for transforming government functions and improving the business climate as key steps in China's reform and opening-up, and major reform measures in properly handling the relations between the government and the market. These reforms must be persistently pushed forward, he said. The World Bank's Doing Business 2020 released in October ranked China 27th in the ease of starting a business among 190 economies, up by 66 spots from two years ago. To advance the six priorities where stability is key and the six where protections are needed, the Wednesday meeting urged giving higher priority to supporting market players. "Facing the mounting economic challenges, we need both fiscal policy measures and deeper reform of government functions for a more enabling business environment to effectively support market players. This way, we could spur greater market vitality," Li said. The procedures and services for starting a businesses will be optimized. A unified online platform for accessing these services will be established in every province by the end of this year, where applications can be filed online in a single form. And once approved, related documents can be collected in one single venue. |