The
Beijing Administration for Industry and Commerce said the new
system could greatly help over 300 types of industries to have
access to markets faster than before.
Traditional application and approval procedures occur before
applying for business licences. Enterprises in China should be
approved by related administrative departments in terms of
qualifications.
Industries involved in the traditional regulation include more
than 400 sectors, such as pharmaceutical, restaurant and tobacco
industries.
After the reform, the Beijing
Municipal People's Government said over 300 types of industries,
including the restaurant and advertisement sectors, could first
apply for the business licence and then their qualifications
certificates.
Experts point out that avoiding red tape could greatly shorten
the time enterprises enter the market, which means more business
opportunities for them.
(CCTV.com 07/07/2001)