State Council approves "one integrated license" pilot in Shanghai's Pudong
The State Council has given the nod to a pilot "one integrated license" in Shanghai's Pudong New Area.
The "one integrated license," combining the previously-needed multiple licenses, can significantly reduce the cost of industry access and foster a world-class business environment, the State Council said.
The pilot, to last till the end of 2022, aims to accumulate experience for similar practices to be implemented across China, it said.
Altogether, 31 sectors in Pudong New Area including e-commerce, convenience stores, supermarkets, restaurants and hotels will spearhead the integrated license reform.