SHANGHAI, Feb. 8, 2025
/PRNewswire/ -- A news report
from russian.shanghai.gov.cn
The latest business environment improvement action plan released
in Shanghai on Feb 5 will help the city better address market
entities' needs and inject more vitality into the city's economic
growth, said officials and market experts.
Their comments were made on Feb 5
when the Shanghai municipal
government held the business environment improvement work
conference for the eighth consecutive year. The latest action plan,
which is now in its eighth edition, was released during the
conference.
The plan aims to enhance the sense of gain among enterprises by
coming up with 58 detailed measures which are more substantial and
down-to-earth, according to Lu Aiguo, head of the business
environment construction division at the Shanghai Municipal
Development and Reform Commission.
One focus of the new plan is deepening the reform by aligning
with the standards specified in World Bank's Business Ready
evaluation system, said Lu. Ten related reform measures have been
rolled out, covering market entry, operational venues,
infrastructure, utilities, international trade and market
competition, among others.
As to international trade, Shanghai will expand the benefit scope for
controlled and inspected high-tech goods. The import pilot program
for research and development as well as testing items should be
further optimized. Customs clearance facilitation services will be
improved by better implementing reform measures such as multi-modal
transport and the application of electronic certificates, according
to the new action plan.
Another 24 measures have been included in action plan 8.0 to
optimize the all-round services rendered to companies. On the one
hand, more innovative financing products should be introduced,
providing continued financing support to small and medium-sized
enterprises.
On the other hand, more efforts should be made to facilitate the
outbound reaches of domestic companies while further opening up the
local market. Professional service providers will be supported to
set up branches in the markets involved in the Belt and Road
Initiative.
Meanwhile, visas as well as entry and exit services for foreign
talent will be more convenient. More foreign-invested projects
should be introduced in the city and major foreign-invested
projects should be settled at a faster pace, according to the new
action plan.
Japanese carmaker Toyota announced on Wednesday that it has
entered into an agreement with the Shanghai government to establish a new
wholly-owned company in Jinshan district of Shanghai for the development and production of
Lexus electric vehicles and batteries.
The advanced and mature industrial chains, logistics networks,
talent supply and market size in Shanghai and the neighboring cities are the
major reasons to land this new project, according to Toyota.
To improve services provided to companies, efforts will be made
to promulgate a negative list for cross-border data flow within the
China (Shanghai) Pilot Free Trade Zone, according to
the new action plan.
The new action plan also includes 14 measures to optimize
supervision over companies.
For more information:
https://russian.shanghai.gov.cn/ru-DoBusiness/index.html
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