Evaluation system will help build good local business environments

AFTER PILOTING AN ASSESSMENT SYSTEM IN 22 CITIES, the National Development and Reform Commission will evaluate the business environment of all cities above the county level from 2020. Beijing Youth Daily comments:

Since the beginning of this year, improving and optimizing the business environment has become an important means for promoting economic transformation and stable economic growth. Many local governments have taken varied measures - mainly broadening market entry, encouraging innovation and reducing taxes and fees - to enhance their local business environments.

The assessment evaluation system established by the commission, the first of its kind, will provide the local policymakers with a reference to optimize their arrangements.