China’s reform of streamlining administration, delegating power, strengthening regulation and optimizing services has become a pillar for the transformation of economic driving forces, which led to stable performance of the Chinese economy in H1 amid sluggish global economic recovery and downward pressure.

Promote power delegation reform

China’s stable economic performance amid pressure is attributed to internal economic growth momentum boosted by a series of reform policies launched by the central government. State Council has canceled and delegated a large number of administrative approvals and gave a complete end to non-administrative items. A number of individual and enterprise licenses and qualifications were also removed to embrace entrepreneurship and release market vitality.

State council also cut over hundreds of vocational qualifications and announced the cancellation of 506 documents issued by the cabinet. It also decided to implement a “five-in-one business license”, which in other words means issuing of a standardized national credit number, covering business license, tax registration, organization code, public security and social security.

Experts believe the series of reform policies have injected vitality to the market and creativity to the society, bringing new dynamics to the Chinese economy.

Explore new-type supervision

In H1, the number of newly emerged market entities reached 7.838 million, a year-on-year growth of 13.2 percent. Daily average registered enterprises reached 14,000, marking a climax since the business system reform.

The commercial system reform is deepening and expanding at present. It is witnessing a transfer process from being delegated to being supervised, said Zhang Mao, head of the State Administration for Industry and Commerce.

State Council issued a guideline early this year to establish an approval and verification system based on fairness and equality in efforts to speed up the establishment of an open and fair market system.

Meanwhile, the government also attached great importance to innovative market supervision which involves the application of Internet Plus and big data to establish an intelligent supervision system.

Zhang said the success of business system reform relies on transparency and new-type supervision to strengthen the conduct code of enterprises and reinforce market order.

Build a service-oriented government

On July 18, State Council released a document to overhaul the investment and financing system, establishing a one-stop investment approval service to eliminate challenges foreign investors face when registering or doing business.

The one-stop service, an innovative move in the investment regulation system, intends to strengthen the preparation work for investment projects and offer convenience for business units, said Xu Shaoshi, director of the National Development and Reform Commission (NDRC).

And in April, ten government departments including NDRC launched an action plan to promote e-government affair service which means to apply Internet Plus to government services. The e-government service is an integral part of the reform on optimizing services.

Ning Jiajun, a committee member from the Advisory Committee for State Informatization, said the e-government service is an efficient way to resolve issues which used to bother the public with excessive certificates and approvals and end poor information sharing among government departments. It is also a right path to establish a service-oriented government, Ning added.