The Guiyang Economic and Technological Development Zone (GETDZ) recently rolled out an action plan to enhance the vitality of market entities and promote the high-quality development of the private economy.
According to the plan, GETDZ will implement 30 detailed measures in five areas: boosting development confidence, optimizing the business environment, increasing policy support, improving services, and promoting high-quality development.
By 2025, the number of market entities in GETDZ is expected to reach 55,000, including 20,000 enterprises.
The plan requires the implementation of reforms in the project approval system, with the approval time kept within 33 working days for social investment projects and within 10 working days for simple and low-risk social investment projects.
Reforms will also be made to promote equal opportunities, fair competition, and the orderly operation of private capital.
For enterprise cultivation, private enterprises will be encouraged to upgrade production processes, equipment, and technologies to be greener and more sustainable and to create green factories and supply chains.