July 21 2020

State Council Urges Better Business Environment and Services for Market Entities

Announcement by State Council

The General Office of the State Council released on July 21, 2020 the Implementation Opinions about Further Optimizing Business Environment and Better Serving Market Entities, in a policy move to further reduce restrictions on foreign and trade companies' investment and business activities.

The document expressed support for foreign trade companies to sell their products originally designed for foreign consumers in the domestic market, and they can make self-declarations to replace domestic certifications. If they have already obtained international certifications according to product standards that are not lower than domestic standards, they can issue a written statement and then sell their products at the domestic market. All prefecture-level cities are authorized to register foreign-funded enterprises.