E-licenses herald big biz reforms

Experts say steps will ease businesses' market entry and exit costs

In potentially far-reaching business reforms, China will digitalize the registration and licensing of new firms so they could start their businesses quickly; also, the deregistration process will be made quicker, simpler and cost-effective, the State Administration for Industry and Commerce said on Friday.

Zhang Mao, director of the SAIC, told a media conference at the annual meeting of the national legislature that a series of measures will mark the "business system reform".