China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (567)	8/29/2003 1:36:01 AM
From: RealMuLan	Read Replies (1) of 6370

Law cuts business red tape -------------------------------------------------------------------------------- A new law enacted by China's legislature aims to remove much of the red tape associated with running a business, and do away with numerous opportunities for corrupt officials to make money from issuing licenses and franchise rights. The Standing Committee of the National People's Congress adopted a law on administrative licenses yesterday. It embodies the principle of rigorously restricting the power of government bodies and will facilitate the country's uphill battle against corruption. The law of 83 articles in eight chapters, with a decree by President Hu Jintao, will take effect on July 1, 2004. The new law covering the government's right to grant franchises, permits or certificates to businesses and individuals "will have an unprecedented impact on the relations between govern-ment bodies and common citizens," Professor Ying Songnian said. english.eastday.com

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