Chinese Premier Li Qiang has officially endorsed a State Council directive introducing a series of updated administrative regulations aimed at the reduction and adjustment of unjust fines, the facilitation of government function transformation, and the advancement of a law-based business environment.
In alignment with the State Council’s outlined plans, the Ministry of Justice of China, in collaboration with various other departments, systematically reviewed pertinent regulations. The objective was to foster rigorous, standardized, and equitable law enforcement, ensuring compliance with revised laws. Consequently, a total of 14 administrative regulations were revised and one regulation was completely revoked.
Notable revisions encompassed administrative regulations pertaining to road transportation and international maritime shipping. Fines linked to specific infractions committed by road transport operators were either eliminated or reduced. This strategic move has been undertaken to alleviate financial burdens on both corporations and individuals, thus invigorating the dynamism of market participants.
Furthermore, the decree nullified particular review and approval procedures associated with the establishment of marine observatory stations, as outlined in the regulatory adjustments.
The regulation governing invoice administration underwent modifications with the intent of fostering the widespread adoption of electronic invoicing, ultimately augmenting the efficiency of administrative management.
Concurrently, a set of provisional measures for overseeing product quality, which had been supplanted by relevant laws and regulations, were formally abolished, in accordance with the document.
The decree will be enacted from the day of its proclamation, signifying a proactive step towards fostering a more conducive business environment.