In recent years, the Chinese mainland has focused on improving the business environment through reforms of investment and financing mechanisms, providing a favorable development environment for various types of enterprises operating and producing in the region.
Local governments in the Chinese mainland have continued to reform to lower the barriers to investment, constantly creating more room for effective investment.
For example, Jiangsu Province has set up a specialized industrial project database for the first time to facilitate private investment in 2024. This database includes 200 private investment projects with a planned investment of 64.8 billion yuan ($8.9 billion) this year.
Liaoning Province has made efforts to reduce barriers, relax market access standards for private investment, implement bid bonds, performance bonds, and quality guarantee bonds (insurance) to replace cash deposits in the field of government investment construction projects, and encourage tenderers to exempt bid bond requirements for private companies with good credit.
Through continuous reform and optimization of market system design, various regions in the Chinese mainland have effectively reduced non-market investment barriers, creating new room for private investment.
Reference(s):
cgtn.com
