Guangdong builds law-based, open business environment
2013-January-23 Source:
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Guangdong officials in August, issued a five-year work plan on building a law-bound and open business environment, in order to sharpen the province's core competitiveness and seek sustainable development.

According to an unnamed official from the Guangdong Development and Reform Commission, the plan makers learned experience from Hong Kong, the United States and other advanced countries and regions in order to establish the plan in line with inter-national standards and to make the business environment in Guangdong more standardized and more trans-parent.

The plan contains five targets including building a fair and law-bound environment, a transparent and efficient government service system, a market with orderly competition, a harmonious and stable social atmosphere, a mutual-benefit, and a win-win and open business environment.

In build a fair and law-bound environment, Guangdong will learn from Hong Kong's legislation processes and its definition of right and responsibility. The province will make regulations to standardize each managerial procedure. According to the plan, provincial officials will streamline administrative management and governmental services and improve public transparency. A mechanism for rapid mediation and judge for business and contract dispute will be set up.

Provincial officials will streamline administrative management and governmental services and improve public transparency.

Guangdong officials will lower ad-mission thresholds for enterprises and their operation costs. Market services and management will be enhanced to create a level playing field for competing enterprises. The province will set up a pilot project for a simplified low tax system and establish NGOs that have the capacity to provide proper services. The province will also establish a public database of credit information of enterprises and individuals.

Guangdong also plan to nurture economy-oriented NGOs, introduce more talents and enhance services and managements of foreigners. The province will also establish retroactive regulations on foods and medicine.

Guangdong will foster international cooperation platforms, improve customs clearance procedures and foreign trade and investment procedures with Hong Kong and Macao.

Editor: Olivia
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