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Brief Economics & Trade Law & Regulation

China expands market access to industrial products

China’s State Council has decided to further ease market access by scrapping production permits for an additional 13 categories of industrial products including internal combustion engines and brake fluid will be exempted from applying for a permit for production, according to a statement released after a State Council executive meeting chaired by Premier Li Keqiang, said Xinhua.

Among them, products related to security, health and environmental protection will be subject to compulsory accreditation management. The move aims to cut administrative red tape and stimulate enterprises’ innovation, the statement said.

The meeting stressed that efforts should be made to shift the focus of administrative resources from approval to regulation to improve the business environment and stimulate market vitality.

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