PR98106

XIAMEN, China, Sept. 30, 2022 /PRNewswire=KYODO JBN/

A report from chinadaily.com.cn:

Thanks to the local government's continuous efforts to optimize its business

environment over the past years, the coastal city of Xiamen in East China's

Fujian province has witnessed a substantial growth in business registrations

this year.

According to official data released by the city's administration for market

regulation, a total of 98,963 new market entities were established in Xiamen in

the first seven months of the year, a year-on-year increase of 16.04 percent.

Official statistics indicate that as of July 31, Xiamen had 816,200 registered

market entities, increasing by 9.7 percent year-on-year. Among them, 407,400

are domestic enterprises, which is an increase of 4.12 percent year-on-year,

13,357 are foreign-funded companies, an increase of 2.75 percent year-on-year,

and 393,900 are self-employed individuals, a year-on-year increase of 16.5

percent.

Since this year, the city's administration for market regulation has continued

to deepen reforms and improve government services, in a bid to create a sound

business environment, which has injected new vitality into regional economic

development.

The ever-improving business environment has proven to make the city become an

ideal investment destination for a slew of high-tech businesses such as Tianma

Microelectronics, the Swiss technology company ABB, and computer hardware

manufacturer Dell.

Attracted by the city's sound business environment, Tianma Microelectronics had

invested a total of 100 billion yuan ($13.92 billion) in Xiamen over the past

11 years. The company has maintained the world's first market share of low

temperature polysilicon smartphone panel shipments for four years in a row. It

also set up an industrial chain for panel displays, with more than 50 upstream

and downstream enterprises having set up shops in Xiamen.

The Xiamen government has also advanced the Internet Plus Government Services

initiative. Local authorities have explored and extended a number of

distinctive reform measures, and both businesses and the public now enjoy

increasingly better access to government services.

According to statistics, online platforms can handle 98.8 percent of government

business, and one-stop services are available for all things requiring

administrative licensing. The digital government has been promoted to make it

easier for people to start a business through a single portal.

Official data showed that this year, 87.3 percent of the city's enterprises

opened online, ranking first in the province. Xiamen has ranked first in the

national business environment assessment for three consecutive years from 2019

to 2021.

SOURCE: chinadaily.com.cn