China to expand innovative pilot reform measures to boost business environment

China will promote a slew of innovative reform measures implemented in six pilot cities to further enhance business environment, according to a circular released on Oct 31.

In 2021, China rolled out a series of innovative reform measures in six pilot cities including Beijing, Shanghai, Chongqing, Hangzhou, Guangzhou and Shenzhen.

According to the circular, the reform measures include further breaking the unreasonable limitations on regional division and local protectionism, improving more open, transparent, regulated and effective market access and exit mechanism, and facilitating investment and construction.

Market entities will be better supported, the circular said, and higher-level facilitation for cross-border commerce, a fair competition order, and innovative regulations will also be expanded.

Meanwhile, the property rights and legitimate rights and interests of market entities of all kinds should be protected in accordance with laws and regular services involving enterprises should be improved, said the circular.

By the end of 2022, the circular said, the relevant work should be put in place.