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Xinhua | Updated:2017-09-29 10:12BEIJING — The State Council, Chinas cabinet, on Thursday decided to expand a reform to cut business red tape.The reform, being tested in Shanghai Pudong New Area, separates business operation permits from business licenses and streamlines approval for new businesses.A total of 10 free trade zones across the country, including those in Tianjin, Chongqing, Liaoning and Zhejiang, will now implement the reform , according to the State Council.The reform will put emphasis on eliminating administrative “permits” but increase supervision and information sharing, the State Council said.Over the past five years, China created a better business environment for both domestic and overseas companies. Through simpler approval process, lower corporate fees and technology-based services, the government is transforming its functions to let the market play a larger role in the economy.Latest data showed that in the first eight months of this year, 16,000 new companies were registered every day on average, compared with only 6,900 more than three years ago, when business registration reforms were initiated.Related StoriesChina goes further to cut red tape to aid businessPlan to cut red tape will help boost investmentCutting red tape will help expand internet growthChina to cut licensing red tape for industriesCutting licensing red tape to boost manufacturingPhotoTop 10 Chinese cities with smart urban managementHand-made silver mooncakes eagerly sought at marketJack Ma, Trudeau speak at Alibabas Gateway17 Canada event in TorontoMan selling fried chicken earns $65,000 profit a yearTaiwan resident makes custom heels for cozy beautyNew iphones go on sale, with short lines at storesMost Viewed in 24 HoursState Council NewsChina to expand pilot reform of separating business licenses and administrative approvalsChina to advance restructuring of central SOEsTop 10Top 10 sedan brands on China marketEditors picksNew index to give boost to green developmentUnionPay launches mobile payment in public transportation in 20 citiesChina DataTimeline of policy supports for the rental home marketQ&A With CEOServing in the name of progressBehind an advertising visionSpecial2017 Summer DavosChinas Q1 economic dataBACK TO THE TOPHOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELWATCHTHISSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperMOBILECopyright 1995 -var oTime = new Date();
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