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Policies to provide more efficient administrative services and save businesses costs


Among the “30 Business Service Policies”, six are designed to improve administrative service efficiency and eight aimed at helping businesses cut operating costs.
 
An online administrative service platform was put into service at the same time. It offers integrated services through simplified procedures to minimize the time that businesses have to spend with local authorities for their project initiation, operation and even cancellation. For example, the new policies allow a new company to go through all procedures for its opening in SIP within one workday and get the approval for an industrial construction project within 20 workdays.
The policies for cost reduction cover such issues as tax payment, land use, financing and resource allocation, aiming to save businesses both implicit and explicit costs.