2013-11-04 Private Start-ups in China
    2013-11-04 09:51:39     CRIENGLISH.com         Web Editor: Chen Cong

The Chinese government has removed the minimum-capital-limit required for registering a company. This is cuts the red tape that bogged down entrepreneurship, improving the prospects of innovative businesses flourishing in the Chinese economy.

Previously, entrepreneurs wanting to start a business in China had to have a set amount of capital before they were allowed to register, a barrier that policy-makers have now decided is unnecessary. The minimum capital a business needed to start up ranged from 30,000 yuan for a limited liability company to five million yuan for a joint-stock corporation.

As these requirements were especially difficult for smaller businesses to get up and running, small to medium sized businesses should be most affected by the reform of these laws. Such businesses make up a large portion of the Chinese economy, especially in comparison to its neighbors, Japan and Korea.

What do experts think about these new reforms? How will these reforms affect the Chinese business environment?

Ni Hao, you're listening to   People In the Know, bringing you insights into the headlines from China and around the world; I'm Zheng Chenguang in Beijing.

Nathan Wakelin-King speaks to Professor Denis Wang from the Chinese University of Hong Kong Business School, and Prof. Yin Xingmin, Vice Director of the China Center for Economic Studies at Fudan University in Shanghai.



CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

Hourly News more

The Beijing Hour more
The Beijing Hour updated 20:00 2014/05/23
Micro-blog: weibo.com/beijinghour

Highlights more

People In The Know more
2016-04-11 China and Canada: Closer Bilateral Ties Expected 
In this edition of program, we are joined by a Chinese-Canadian senator and a Canadian professor to take a look at the ties between China and Canada.
2016-04-08 Energy Security in Asia 
In this edition of program, we are joined by a scholar and a businessman to take a look at energy security in Asia?

Talk to CRI

The Sound Stage
China Revealed
My Chinese Life
Photo Gallery
Learn Chinese
"In" Chinese
Chatting in Chinese
Pop Culture
Traditional Culture
Living Chinese
Chinese Studio
Chinese Class
Learn English
Special English
Pop Chart
Everyday English
Fabulous Snaps
CRI News
China.org.cn  | Xinhua  | People's Daily Online   |  CNTV.cn  | China Daily  |  Global Times  | China Job  |  China Tibet Online  | Taiwan.cn  | eBeijing  | Beijing Today  | China-Eurasia Expo  | APEC Yiwu Conference  | Chinese Embassy in S.Africa  | Chinese Embassy in Australia  | Chinese Embassy in NZ