China’s Three-Year Action Plan aims to enhance business regulations, foster innovation, streamline operations, and attract investment in the region.
Enhancing the Business Environment
China’s Three-Year Action Plan for the Beijing-Tianjin-Hebei region aims to streamline business regulations, eliminate barriers to cross-regional activities, and promote innovation. The initiative focuses on improving the overall business climate by fostering fairness and legal protections for enterprises in key industries, including semiconductors and cybersecurity.
Promoting Regional Integration
Introduced by the National Development and Reform Commission, the plan addresses challenges like local protectionism and market fragmentation. It outlines 19 measures to enhance cooperation in antitrust enforcement, improve registration processes, and facilitate efficient handling of business complaints and intellectual property issues. Ultimately, it strives to create a competitive global environment for businesses.
