China to further streamline approval procedures for businesses

Source: Xinhua| 2018-09-12 20:25:39|Editor: Li Xia
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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.

The country will cut the production certificates for industrial goods by at least another one-third and simplify approval procedures for other certificates so that corporate burden will be reduced, according to the meeting.