East China’s Jiangsu province spared no efforts to stimulate the vitality of market players and the endogenous driving force for development so as to have ensured stability on the six fronts and security in the six areas last year.
In 2020, market players in Jiangsu maintained sustained and stable growth, despite the impact of the epidemic.
In the first 11 months of last year, Jiangsu registered 2.475 million market entities, a year-on-year increase of 50.8%, adding to a total of 12.265 million, a year-on-year increase of 19.2%.
Ms. Wu from Taizhou city submitted an application with the administrative examination bureau for the approval of the business license of the third company she had opened. She went through the formalities in half a day with the license issued right away.
Wu Lili, Legal Representative of State Grid Taizhou Comprehensive Energy Service Co., Ltd.
The application procedure
only takes half a day at most
and the entire process is arranged very compactly
Tax registration, bank account opening
and official seal engraving
all the things are done
through one-stop services
Since the outbreak of the COVID-19 epidemic, Jiangsu has actively improved the business environment, tried its best to cultivate market players, continuously reduced the negative list items for market access, relaxed the threshold, and promoted the reform to streamline the government, delegate power, and improve government services so that the first-class business environment has provided excellent soil for stimulating the vitality of market entities.
Thanks to various preferential policies, 1,287 retailers in the Xinjiekou business circle have gradually restored market confidence, as is evidenced by the average daily customer flow of 500 thousand, and a year-on-year growth of more than 15% in turnover on New Year's Day.
Xu Yongjun, Deputy Director of Xinjiekou Financial Business District Administration
We promoted the upgrading of consumption
in the core area
gave full play to the support policies
issued by governments at all levels
during the epidemic
provided targeted services to enterprises
and cash in advance the policy support
subsidy of 16.87 million yuan
In the first three quarters of 2020, Jiangsu reported a rapid development in its high-tech enterprises, as is evidenced by the addition of 26 thousand newly-registered high-tech enterprises, a year-on-year increase of 36.8%. Traditional Chinese medicine, manufacturing, Internet and related service industries, software and information technology service industries reported a 10.1-fold, 2.1-fold and 2.1-fold increase year-on-year.
Zhang Weifu, Vice President of Nanjing University of Finance and Economics, Chief Expert of Modern Service Industry Think Tank
Various government agencies
should continue to increase support
for small, medium and micro enterprises
further track new market players
and carry out research on their life cycles
