A new plan for business environment reform was released by Guangzhou's Huangpu district at a news conference on June 1, marking the fifth time that the district has renewed its measures to improve its business environment since 2018.
China has released a guideline to accelerate the establishment of a unified domestic market amid efforts to build a high-standard market system and promote high-quality development.
Companies from around the world are still taking a strong interest in investing in China this year, despite the country's economic slowdown caused by the COVID-19 pandemic.
China downsized negative lists for foreign investment for five consecutive years to expand high-level opening-up and facilitate high-quality economic development.
The recently released Industrial Map of Guangzhou lists 564 industrial land lots for development over the next three to five years, of which 54 are in Huangpu district.
China's unwavering efforts to deepen reform and opening-up are set to provide more business opportunities to foreign investors and contribute further to world economic recovery.
China will strengthen services and help solve operational difficulties for global companies in order to stabilize the long-term business confidence of foreign investors amid the economic fallout of the COVID-19 pandemic, government officials said on Aug 13.
China's new Foreign Investment Law comes into force on the first day of 2020.
Foreign-capital enterprises that do not require special management (negative list) for foreign capital access shall be listed for easy management.
Since June 30, 2018, the business recordation and industrial and commercial registration for foreign-capital enterprises have been combined.