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Liangjiang plans to deepen administrative system reform
Updated: 2015-03-10
By Ge Jieru, chinadaily.com.cn
As a joint participant of China's "One Belt One Road" and Yangtze Economic Belt strategies, the Liangjiang New Area has set out plans to deepen its administrative system reform.
Liangjiang will put more focus on fostering a standard international investment environment to attract more investments. Liangjiang has already amalgamated its administration departments, reducing its overall size by 50 percent. Meanwhile, a new one-stop administrative approval service system has been implemented, reducing the registration process time of an enterprise from 70 days to two working days, providing more convenience for Liangjiang-based enterprises.
8,234 enterprises entered Liangjiang New Area in 2014, bringing with them a registered capital of 100 billion yuan ($15.99 billion).
Liangjiang has utilized more than $3 billion for the last three years and 127 Fortune 500 enterprises have set up branch enterprises in Liangjiang.
Edited by Jacob Hooson
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