Shanghai makes great strides in improving business environment
A total of 535,500 new market entities were registered in Shanghai in 2023, up 29.1 percent year-on-year, according to a white paper released by Shanghai Municipal Administration for Market Regulation on Thursday.
By the end of December, Shanghai was home to more than 3.4 million market entities, among which nearly 2.9 million were companies. There were 116.8 companies to every 1,000 Shanghai residents, with the ratio overtaking all the other provincial administrative divisions in China, according to the white paper.
The local administration for market regulation introduced 43 sets of policies and measures last year to further optimize Shanghai's business environment.
Many first attempts highlighted Shanghai's efforts in 2023 to make its business environment more amiable.
In late May, Shanghai launched the online company registration system integrating various services, the first of its kind in China. Up to 360,000 registration businesses were made with the online system for the entire registration process. Nearly 90 percent of the new companies completed their registration online.
Meanwhile, Shanghai was the first in China to start the pilot program of "one business site serving two operational uses" for food research and development, which took effect in early September. Under the new program, a total of three food R&D centers obtained food production permits, with another three of the same kind being incubated.
The exemption management measures for Compulsory Product Certification, the first of its kind in China, took effect in Shanghai in early June. This allows six different categories of imports, including maintenance parts, test samples for scientific researches and commercial demonstration. The new measures benefited over 25,000 batches of maintenance parts imported by more than 500 integrated circuit companies last year, accounting for over 70 percent of the country's total. The average import period for integrated circuits parts was shortened by three days. The total logistics and warehousing costs were lowered by more than 10 million yuan ($1.4 million).
In July, Shanghai issued China's first guidelines for internet platforms' competition and compliance evaluation. In January 2023, the city rolled out the country's first permit and supervision plan for the production of precooked dishes.
Related articles
Candice Swanepoel stuns in a form
Candice Swanepoel looked incredible as she arrived at the 77th annual Cannes Film Festival premiere2024-05-21Australia and ASEAN call for restraint in South China Sea, ceasefire in Gaza
By Melanie Burton and Renju Jose Laos' Prime Minister Sonexay Siphandone (L) and Australia's Prime M2024-05-21Sean 'Diddy' Combs: What we know about the accusations against him
Sean "Diddy" Combs (file image). Photo: Angela Weiss / AFP2024-05-212028 total solar eclipse in New Zealand likely big tourism drawcard, astronomer says
A diagram showing the expected path in New Zealand of a total solar eclipse on 22 July 2028. Photo:2024-05-21- DENVER (AP) — The Denver Nuggets couldn’t quiet an epic second-half comeback by Minnesota or the noi2024-05-21
SUMO/ Takerufuji grabs title on makuuchi debut, breaks 110
Takerufuji made history March 24, becoming the first wrestler in 110 years to seize the title in a t2024-05-21
atest comment