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#1 Posted : Thursday, November 08, 2018 11:21:35 AM(UTC)

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BEIJING Cheap Adidas NMD Shoes , Oct.?20 (Xinhuanet) -- New measures to ease corporate registration and customs clearing procedures in the Shanghai free trade zone have prove a huge boon for businesses.

“In the first three working days after the national holidays, more than 1,900 companies submitted registrations in the zone — nearly triple the number for the whole of last year,” Dai Haibo, deputy director of the zone administration, told China Central Television yesterday.

“And in the first week, 10 Cheap Adidas Superstar ,000 people came seeking advice about opening a business in the zone,” Dai added.

A simplified registration and processing system on trial in the newly opened free trade zone has helped corporations get business licenses within four working days — down from 29 days.

On Monday, a batch of companies received their business licenses after submitting materials online on October 8.

In another initiative, a fast-track customs declaration procedure cuts business storage costs by 10 percent and allows companies to complete customs clearing in an hour, compared to two days previously.

“These measures have brought good savings as it costs about 4,000 yuan (US$656) to store 500 tons of goods in the zone for two days,” Zhang Yaoting Cheap Adidas NMD , a deputy general manager of a logistics company, told CCTV. “Now because of the fast-track service we don’t have to pay that.”

Yao Jian, spokesman for the Ministry of Commerce, said the essence of the free trade zone is policy innovation.

“Through such innovation, we hope to expand room for economic growth and offer new drive for reforms,” Yao said.

But some experts expressed concerns about some companies flocking to the zone and called for deeper reforms, including cutting government interference.

“As far as I know Cheap Adidas Shoes Online , many of the companies rushing to register in the zone do not know what real benefits can be obtained,” Wang Xinkui, director of Shanghai’s Counselor’s Office who helped draft policies for the zone, told a forum in East China Normal University yesterday.

“Those excited about the fact that they can register a company with 1 yuan may have never thought about the registered capital needed to run a business.”

Wang said it is essential to start a business credit system in the zone, as business ethics are essential for easing regulatory frameworks and trading with foreign partners.

Zhou Zhenhua, director of the Development Research Center affiliated to the Shanghai government, said the main purpose of the zone is not to make preferential policies to attract businesses in the short term.

Instead Cheap Adidas Shoes Free Shipping , it is an open market that will bring economic reforms that reduce the power of the government and enhance that of the market, said Zhou.

Shanghai’s pilot free trade zone opened on September 29.

(Source: Shanghai Daily)


HO CHI MINH CITY, Nov. 26 (Xinhua) -- Vietnam's Hoang Anh Gia Lai Arsenal JMG on Thursday beat U-21 Vietnam to enter the final match of the U-21 International Football Tournament on Sunday in Vietnam's Ho Chi Minh City.

Vietnam's prominent striker Cong Phuong scored both of the goals for Hoang Anh Gia Lai in the first and the second half of the first semifinal match. After a 2-2 draw, Hoang Anh Gia Lai defeated U-21 Vietnam 3-2 in the penalty shootouts.

The second semifinal match will take place on Friday, and the final on Sunday.

The tournament is attended by Vietnam, Singapore, Thailand Cheap Adidas Shoes China , Vietnam's Hoang Anh Gia Lai Arsenal JMG, South Korea and Myanmar.

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