China has seen a net increase of nearly 20 million enterprises since the start of the 14th Five-Year Plan period (2021-2025) with business environment continuously improved, said a senior market regulation official in Beijing on Friday.
Luo Wen, head of the State Administration for Market Regulation, said at a press briefing on the country's high-quality fulfillment of targets set for the 14th Five-Year Plan that China has continued to improve its business environment and fully stimulated the entrepreneurial vitality of the whole society.
"The business environment continues to improve. We have fully completed the reform of 'separating operating permits from business licenses', established a unified business entity access system, implemented a unified negative list for market access, and achieved 'one-stop service' for business start-up, fully stimulating entrepreneurial vitality across society. We have improved the regulatory system for fees related to businesses, continuously reducing the costs of business entities, and strengthened the protection of intellectual property rights and trade secrets, which effectively enhanced the innovation momentum of business entities. Since the 14th Five-Year Plan, China has seen a net increase of 19.999 million enterprises and 33.946 million individual businesses," said Luo.
China sees net increase of nearly 20 mln enterprises during 14th Five-Year Plan
