China creates a market-oriented, legal, and international business environment with high quality | Enterprises | Doing Business

Lianjiang County, Fuzhou City, Fujian Province, has taken measures such as tax reduction and fee reduction, financial support, etc. to help enterprises overcome difficulties, vigorously enhance the innovation ability and specialization level of small and medium-sized enterprises, cultivate specialized and innovative "little giant" enterprises, and accumulate momentum for high-quality development of the industrial economy. The picture shows workers working on a production line in an electrical company located in Lianjiang County on June 19th.

Photo by Wang Wangwang

This paper, Beijing, June 19. The State Council Information Office recently held a regular policy briefing of the State Council. Relevant persons in charge of the National Development and Reform Commission, the General Administration of Customs, the State Administration of Taxation, and the State Administration for Market Regulation introduced new measures to deepen reforms in key areas of the business environment.

Promote the introduction and in-depth implementation of laws and regulations such as the Small and Medium sized Enterprise Promotion Law, the Foreign Investment Law and its implementation regulations, the Regulations on Optimizing the Business Environment, and the Regulations on Promoting the Development of Individual Businesses; Fully implement the negative list system for market access, and reduce the negative list for foreign investment access in the national and pilot free trade zones for five consecutive years; Revising the Anti Monopoly Law and implementing a fair competition review system... Yuan Da, Deputy Secretary General of the National Development and Reform Commission, introduced that in recent years, various departments and localities have created a market-oriented, legal, and international business environment based on the actual needs of enterprises, providing strong support for cultivating and stimulating the vitality of business entities and promoting high-quality development.

Since the beginning of this year, various regions have increased their efforts to attract foreign investment and accelerated the signing and landing of foreign investment projects. Yuan Da introduced that in the first four months, the number of newly established foreign-funded enterprises in China increased by 31.1% year-on-year, and the actual amount of foreign investment used was 499.46 billion yuan, a year-on-year increase of 2.2%. Among them, the actual use of foreign investment in the manufacturing industry increased by 4.1% year-on-year; The actual use of foreign investment in high-tech industries increased by 12.8% year-on-year. "These projects have played a positive role in optimizing industrial structure, promoting regional coordinated development, and helping to build a new development pattern." Yuan Da said, "We will comprehensively connect with the international high standard market rule system, promote the construction of a higher level open economy new system, and steadily expand institutional openness in rules, regulations, management, standards, and other areas."

Building a convenient and standardized market access environment is an important part of optimizing the business environment. "Whether the business environment is good or not, enterprises have the most say." Ren Duanping, Director of the Registration Bureau of the State Administration for Market Regulation, introduced that the State Administration for Market Regulation has strengthened intelligent supervision, established a comprehensive electronic business license database, and actively expanded application scenarios. As of the end of May, more than 46 million enterprises have cumulatively used electronic business licenses more than 250 million times, significantly saving labor, document, and time costs.

"From January to April this year, a total of 468.9 billion yuan in new tax reductions, fee reductions, and deferred tax refunds were added nationwide." Shen Xinguo, Director of the Tax Service Department of the State Administration of Taxation, introduced that the tax department should make good use of the guidance to enhance the certainty of policy application, and produce special guidance on tax and fee policies by group and field. This year, a total of 41 questions on preferential policies have been issued for immediate response; Make good use of tax big data to enhance the accuracy of policy promotion, establish a nationwide unified system of 4219 tax and fee knowledge labels in 9 categories and 4 levels, accurately match the needs of taxpayers, and transform "people finding policies" into "policy finding people". This year, 209 million tax and fee preferential policies have been accurately promoted; Make good use of dividend bills to enhance the sense of policy benefits. This year, we have promoted tax reduction and fee reduction dividend bills to 18.92 million large and medium-sized enterprises, as well as "specialized, refined, and innovative" enterprises.

In order to effectively promote the implementation of various preferential policies for fee reduction and burden reduction, the State Administration for Market Regulation will organize a special campaign to crack down on illegal fees related to enterprises in 2022, and conduct joint inspections and inspections with 11 departments including the National Development and Reform Commission, the Ministry of Finance, and the Ministry of Industry and Information Technology. Adhering to the principle of striking hard and using strong medicine to cure illnesses, a total of 117000 charging units were inspected, 2622 cases of illegal charging were investigated and dealt with, directly reducing the burden on enterprises by over 6.3 billion yuan.