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May 6, 2016

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Home » Business » Economy

Rules cut red tape in specific areas

By Vera Ye | May 6, 2016, Friday | Print Edition

CHINA is suspending some regulations for administrative approvals in Shanghai’s Pudong New Area as part of efforts to cut red tape in specific sectors.

Regulations to approve items ranging from advertising of pharmaceutical products to use of radiopharmaceutical by medical institutions to first-time import of cosmetics are temporarily suspended in Pudong, the State Council, China’s Cabinet, said in a statement yesterday.

Effective immediately, the suspension will be valid until December 21, 2018, the statement said.

Advertisers of pharmaceutical products in Pudong will no longer have to file with local administrative authorities during the period while approval to use radiopharmaceutical by medical institutions in Pudong were scrapped, the statement said.

Approval to process trade contracts as well as first-time import of non-special use cosmetics are replaced by a registration method, the statement added.

“The move is part of a pilot reform for Shanghai to separate business licenses from administrative permits,” the statement said.

Chinese companies previously had to apply for both a business license and administrative permit before they could operate. In 2014, China cut the process for companies to obtain a business license by scrapping requirements on registered capital and location. But entrepreneurs still face barriers to get administrative permits from various industry regulators.

China said earlier that targeted measures would be unveiled to cut administrative approvals to spur innovation and entrepreneurship.

Administrative permits will be scrapped for businesses where there is effective market mechanism and self-discipline, according to a separate State Council statement released earlier.

Administrative approvals will be replaced by a registration system for some sectors. In areas where administrative permits can’t be canceled yet, the process will be easier, transparent and predictable, it said.

Economy


 

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