The commerce department of Shanxi province recently said that it had rolled out 28 measures to promote cross-border trade and facilitate investment.
The measures include one-pass transaction, customs facilitation, port construction, foreign exchange management etc. The measures aim to lower the enterprise’s cost of trade and their time to complete the red-tapes.
The provincial authority would also launch an e-system for applications and releasing the result of administrative approvals.
The authority would also lower the entry bar for foreign business to invest in the local market, and make it easier for foreigners to have local visa and residential approval. (Source: money.163.com)