--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

New Policy Makes It Easier to Open Private Businesses in Zhejiang

East China's Zhejiang Province is encouraging the development of private enterprises by simplifying approval procedures.

An official with the provincial development planning commission said that Zhejiang launched a new private enterprise management policy this year to replace the original approval system with a new records system.

Chinese citizens wishing to invest in Zhejiang no longer have to submit approval suggestion or project research reports to the local government; instead, they can go in person to designated offices or log onto related websites, incorporating their applications into local government records.

Zhejiang boasted more than 300,000 private enterprises in 2002,and the investment from private sources in the province amounted to 231.6 billion yuan (US$28 billion).

Private economy in Zhejiang has grown rapidly in recent years, thanks to the provincial government's favorable policies, said the official, adding that private firms now cover all spheres, including infrastructure construction, technology, education, banking, insurance, and foreign trade, instead of confining to the manufacturing and service trades.
 
(Xinhua News Agency January 6, 2004)


 

Private Enterprise More Active in Poverty Relief Cause
Private Firms Increasingly Strong, Valuable in China
Private Trading Firms Play Big Role in Pudong
3 Million Private Firm Jobs Planned in Liaoning
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688