Business system reform

    China will continue to reform its business system to ease government regulations for companies and inject vitality into the market, Zhang said.

    “Chinese authorities will continue to streamline administration, delegate more powers to lower levels so as to give the market and society more play in economic development and ease regulations for businesses,” the minister added.

    China this year will further simplify the process for entrepreneurs to register or nullify their businesses and give companies more decision-making power to choose their business scope, he said.

    “China will also press ahead with the reform of integrating the business license, the certificate of organization code and the certificate of taxation registration into one certificate to ease the registration procedure for companies,” Zhang said.

    Parallel import from

    Hong Kong

    Parallel import from Hong Kong to the mainland has inconvenienced people’s lives in Hong Kong and has robbed companies of opportunities, Zhang said.

    “This is an unfair competition and we have been taking strict measures to investigate and prosecute. We have noticed the importance of the issue and will try to resolve the problem,” he added. (SD-Agencies)