Nanning launches policy on business application process
Nanning recently issued a policy to shorten the business application process. It is an innovative measure to improve the policy fulfillment rate in the Nanning area of the China (Guangxi) Pilot Free Trade Zone (FTZ).
At present, 100 percent of the enterprises above designated size in the Nanning area of the Guangxi FTZ have opened digital certificates certified by the Certificate Authority.
After the implementation of this policy, the burden on enterprises in the Nanning area of the Guangxi FTZ has been reduced. To date, the Nanning area of the Guangxi FTZ has delivered about 30.89 million yuan ($4.85 million) in local economic contribution awards to 48 enterprises, while 12 foreign-funded enterprises have received about 25.99 million yuan in foreign investment awards as part of its efforts to improve its business environment.
The Nanning area of the Guangxi FTZ. [Photo/WeChat account: gh_df8bc987e060]