Page 188 - 2021 White Paper
P. 188
1 White Paper on the Business Environment in China
4. GBA as an “international tech- 1. Government: Breakthroughs in physi-
nology center”in the Five Year Plan cal and regulatory infrastructure
In his speech to commemorate the 40th anniver- Modern infrastructure enables the development
sary of Shenzhen as a Special Economic Zone 12 , Pres- of technology industry: To achieve this, keen par-
ident Xi Jinping not only recognized the city’s remark- ticipation of the government, entrepreneurs, the fi-
able progress in economic development over the past nancial sector and technology talent are all required.
40 years, but also highlighted the role of Shenzhen as For the government’s part, efforts will not only be
the engine in GBA. Together with Shanghai and the on encouraging patent applications and rewarding
Yangtze River Delta, Shenzhen and the GBA will be the businesses with R&D facilities, but also on providing
focal points of the dual circulation strategy where new modern infrastructure (such as 5G communication
domestic market reforms meet with the external cir- network) for the technology sector and various relat-
culation of capital, talent and technology. ed industries to thrive.
The speech was accompanied with a "Comprehen- Improvements in legal protection and litigation
sive Reform Pilot Implementation Plan” 13 that was re- regime: The city will become a benchmark city for
leased jointly by the Central Committee and the State market opening with the measures bringing improve-
Council for Shenzhen. To be achieved in five years, the ments to the legal protection system of intellectual
plan will lead to nearly 100 revisions in existing laws, property, the litigation jurisdiction system of foreign
regulations and policies, as it will grant Shenzhen commercial disputes and the international legal ser-
greater autonomy in key reforms. We believe these vice and coordination mechanisms, and the man-
points will have profound implications on the innova- agement of international industry and standards
tive ecosystem development in the region, as the GBA organizations. The plan also pledged to expand the
strives to become an “international technology and bankruptcy reform in Shenzhen to pilot bankruptcy
innovation center” 14 by 2025 as part of the 14th Five pre-reorganization systems, simplify business dereg-
Year Plan (14FYP) . istration, and improve the bankruptcy system for nat-
ural persons.
Four-pronged approach to deepen Shenzhen’s
technology development Land reform for more efficient allocation of us-
able land: Shenzhen will be given more flexibility to
12 cpc.people.com.cn/n1/2020/1015/c64094-31892362. manage its land system, in order to provide more land
html for its expansion. Specifically, it is entrusted with the
13 politics.people.com.cn/gb/n1/2020/1012/c1001- approval on the conversion of agricultural land (ex-
31887540.html cept for permanent farmland) to construction land,
14 www.xinhuanet.com/poli- which was previously handled by the State Council.
tics/2020-11/03/c_1126693293.htm Flexible use of the existing land resources will be ex-
plored in the secondary transaction system and the
supervision mechanism will also be improved.
More leeway for local government to pilot its own
reforms: The reform plan also gives more autonomy
to the Shenzhen government, so that it can become
more efficient in facilitating industry development.
In addition to increased accountability and simplified
procedures, Shenzhen is allowed to adopt an incen-
tive system to reward high-performing government
workers, retain central government professionals in
the workforce of the city government, and make full
use of the legislative power of the SEZ to explore fur-
ther market reforms.
188
4. GBA as an “international tech- 1. Government: Breakthroughs in physi-
nology center”in the Five Year Plan cal and regulatory infrastructure
In his speech to commemorate the 40th anniver- Modern infrastructure enables the development
sary of Shenzhen as a Special Economic Zone 12 , Pres- of technology industry: To achieve this, keen par-
ident Xi Jinping not only recognized the city’s remark- ticipation of the government, entrepreneurs, the fi-
able progress in economic development over the past nancial sector and technology talent are all required.
40 years, but also highlighted the role of Shenzhen as For the government’s part, efforts will not only be
the engine in GBA. Together with Shanghai and the on encouraging patent applications and rewarding
Yangtze River Delta, Shenzhen and the GBA will be the businesses with R&D facilities, but also on providing
focal points of the dual circulation strategy where new modern infrastructure (such as 5G communication
domestic market reforms meet with the external cir- network) for the technology sector and various relat-
culation of capital, talent and technology. ed industries to thrive.
The speech was accompanied with a "Comprehen- Improvements in legal protection and litigation
sive Reform Pilot Implementation Plan” 13 that was re- regime: The city will become a benchmark city for
leased jointly by the Central Committee and the State market opening with the measures bringing improve-
Council for Shenzhen. To be achieved in five years, the ments to the legal protection system of intellectual
plan will lead to nearly 100 revisions in existing laws, property, the litigation jurisdiction system of foreign
regulations and policies, as it will grant Shenzhen commercial disputes and the international legal ser-
greater autonomy in key reforms. We believe these vice and coordination mechanisms, and the man-
points will have profound implications on the innova- agement of international industry and standards
tive ecosystem development in the region, as the GBA organizations. The plan also pledged to expand the
strives to become an “international technology and bankruptcy reform in Shenzhen to pilot bankruptcy
innovation center” 14 by 2025 as part of the 14th Five pre-reorganization systems, simplify business dereg-
Year Plan (14FYP) . istration, and improve the bankruptcy system for nat-
ural persons.
Four-pronged approach to deepen Shenzhen’s
technology development Land reform for more efficient allocation of us-
able land: Shenzhen will be given more flexibility to
12 cpc.people.com.cn/n1/2020/1015/c64094-31892362. manage its land system, in order to provide more land
html for its expansion. Specifically, it is entrusted with the
13 politics.people.com.cn/gb/n1/2020/1012/c1001- approval on the conversion of agricultural land (ex-
31887540.html cept for permanent farmland) to construction land,
14 www.xinhuanet.com/poli- which was previously handled by the State Council.
tics/2020-11/03/c_1126693293.htm Flexible use of the existing land resources will be ex-
plored in the secondary transaction system and the
supervision mechanism will also be improved.
More leeway for local government to pilot its own
reforms: The reform plan also gives more autonomy
to the Shenzhen government, so that it can become
more efficient in facilitating industry development.
In addition to increased accountability and simplified
procedures, Shenzhen is allowed to adopt an incen-
tive system to reward high-performing government
workers, retain central government professionals in
the workforce of the city government, and make full
use of the legislative power of the SEZ to explore fur-
ther market reforms.
188
