Shenyang launches action plan to energize market

The government of Shenyang has recently launched an action plan to build a better business environment and stimulate market vitality.

According to information from a press conference held in Shenyang by its government information office on Dec 13, the action plan will take effect on Jan 1, 2018.

Wang Wufan, director of the legal office of Shenyang government, revealed that the action plan involves 36 detailed measures, with a focus on rules for public services, administrative enforcement of the law, administrative penalties, and protection of the legitimate interests of the market.

The action plan was laid out based on Shenyang’s successful experience in improving the business environment over the past few years. It features the legalization of policies and measures that boost the development of Shenyang’s economy, strengthening enforcement.

In 2017, Shenyang launched measures to expand the scope of opening-up and create a sounder business environment, and this has in turn attracted 631 investment projects as of the end of November, with each project’s contracted investment value exceeding 100 million yuan ($15.13 million). Meanwhile, Shenyang also saw the registration of 104,700 new businesses.

The enforcement of the new action plan is expected to attract more investment projects to the city, and accelerate the development of the local economy.