China Supports And Guides The Development Of The Private Sector And Other Non-Public Sectors Of The Economy.

In November 1st this year, the State Council promulgated the new "

The new regulations relaxed individual businesses.

"This is a major event in the development of China's private and private economy," said Ma Fu, director of the Department of supervision and management of the private sector of the State Administration for Industry and commerce.

He said that the original registration rules and regulations of individual industrial and commercial households were not suited to the needs of the implementation of the new regulations.

In order to ensure the smooth implementation of the regulations on individual businesses, the State Administration for Industry and Commerce has promulgated the "Regulations on the registration and management of individual industrial and commercial households" as the "Regulations".

He said that the measures implemented the new regulations to encourage, support and guide the development of non-public sectors such as private and private sectors, pay attention to people's livelihood, encourage entrepreneurship, promote employment, care for and support vulnerable groups in society. In line with the guiding ideology of "convenience for the people, standardized management and strengthening services", the registration process of individual businesses has been optimized, registration management has been standardized according to law, and the service responsibilities of registration organs have been strengthened.

At the same time, the "measures" also made specific provisions on penalties for illegal registration of individual industrial and commercial households.

According to the relevant provisions of the regulations, the supervision of individual business owners has highlighted two characteristics: first, people-oriented, education and guidance, and punishment as a supplement.

The two is to set up a penalty amount that suits the scale of operation of individual businesses, the impact of illegal activities and the consequences, of which the maximum fine is 4000 yuan.

Since the beginning of reform and opening up, the Chinese government has encouraged the policies and policies for the development of the private and private economy, so that China's individual economy has developed rapidly. By the first half of 2011, there were 36 million 11 thousand and 300 individual businesses in China, with a registered capital of 1 trillion and 500 billion yuan and 73 million 339 thousand and 500 employees.