SAIC vows to make business environment even better in 2018

The State Administration of Industry and Commerce said it will continue to deepen reform of the country's business administration system this year to further improve the commercial environment.

By lowering the threshold for market access and simplifying registration procedures, entrepreneurship was greatly encouraged. During the past few years, an average of more than 40,000 market entities got registered every day, among which 13,700 were businesses, according to the country's top commercial regulator.

Last year saw even more rapid growth, with daily business registrations reaching 16,600.