Home  Contact Us
  Follow Us On:
Advertising Advertising Free Newsletter Free E-Newsletter

State Council pledges to streamline fines, enhance business climate
Published on: 2023-10-23
Share to
User Rating: / 0

The State Council, China's Cabinet, said on Friday that the country will remove or adjust 33 types of fines related to administrative regulations and departmental rules amid efforts to foster a more enabling business climate and slash operational costs for market entities.

According to an executive meeting of the State Council chaired by Premier Li Qiang, sustained efforts will be made to strictly regulate fines and explicitly define their criteria.

Attendees at the meeting agreed that fines that are in breach of statutory authority, fall short of economic and social development or have other regulatory or legal alternatives, should be repealed if feasible.

All related departments should enforce rigorous adherence to their discretionary power over administrative penalties and scale up rectification of arbitrary and unwarranted fines, it was stated at the meeting.

Meanwhile, a coordinated administration and joint punishment mechanism will be put in place. Misconduct related to misapplication of fines will be seriously dealt with, and violations will be disclosed to the public.



Comments (0)Add Comment

Write comment

security code
Write the displayed characters

    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2024 BusinessTianjin.com. All rights reserved.