Imagine needing over 100 stamps just to start your business! 😱 That was the reality in China's Tianjin Municipality back in 2014. But things are changing, and fast! 🚀
In the National Museum of China, there's a fascinating collection of 109 official seals from the Binhai New Area. These seals were scrapped when the local government decided to shake things up by establishing an administrative examination and approval bureau. Instead of hopping between numerous departments, businesses now deal with just one. Yep, you heard that right—109 seals replaced by one! 🔥
Before this bold move, getting a project off the ground was a marathon of paperwork and patience. A lawmaker from Tianjin Municipal People's Congress revealed that securing all the necessary approvals for an investment project took more than 30 government approvals, over 100 seals, and at least 272 working days. Talk about a bureaucratic nightmare! 😩
The display of those 109 seals isn't just a quirky exhibit; it's a symbol of China's determination to cut red tape and supercharge its economy. Over the years, the State Council has been on a mission to make life easier for businesses. They've canceled or delegated over 1,000 administrative approval items and slashed central government investment approvals by over 90%. That's some serious streamlining! 💪
This transformation isn't just about efficiency; it's about fueling innovation and growth. By simplifying processes, China is paving the way for entrepreneurs and investors to dive into new ventures without being bogged down by endless procedures. It's like moving from a slow lane to the fast lane on the highway to success! 🛣️💨
So next time you think about starting a business, remember that change is possible. And sometimes, all it takes is swapping out a pile of stamps for a single seal. 😉
Reference(s):
cgtn.com
