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China enhances market access with lower costs, optimized approvals: report

China

China

China

China enhances market access with lower costs, optimized approvals: report

2026-05-08 16:22 Last Updated At:23:37

China lowered costs, optimized processes and bettered services for approval of enterprises' applications for market access in 2025, according to a report issued on Friday by the National Development and Reform Commission (NDRC) -- China's top economic planner.

China further refined the market access system, which helped expand the investment scope of enterprises, said the NRDC's 2026 report on the development of China's business environment.

After revisions in 2022 and 2025, the market access negative list was shortened by around 14 percent during the 14th Five-Year Plan period (2021-2025), said the report.

In actions to remove barriers to market access during the five-year period, the relevant authorities across China took stock of over 38,000 regulatory documents and revised or abolished more than 2,300 of them, so as to facilitate the entry of market entities, said the report.

It said that during the 2021-2025 period, all 31 provincial-level regions in the Chinese mainland had realized whole-process online business registration, and the time for business registration was mostly reduced to less than four workdays.

China enhances market access with lower costs, optimized approvals: report

China enhances market access with lower costs, optimized approvals: report

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 15 pips to 6.8502 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan weakens to 6.8502 against USD Friday

Chinese yuan weakens to 6.8502 against USD Friday

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