China Reveals Three-Year Strategy to Improve Business Environment in Beijing-Tianjin-Hebei Region

China’s new Three-Year Action Plan for the Beijing-Tianjin-Hebei region aims to enhance business regulations, promote innovation in key industries, and attract investment. The plan includes measures to streamline operations, remove barriers to cross-regional activities, and foster fair competition and innovation. It also focuses on improving the business environment in critical industries and ensuring legal protections for businesses in the region.

China’s new Three-Year Action Plan for the Beijing-Tianjin-Hebei region focuses on standardizing business regulations, enhancing regional integration, and promoting innovation in key industries. The plan’s comprehensive measures are designed to attract investment, stabilize the market, and elevate the region’s global competitiveness.

On August 19, 2024, China’s National Development and Reform Commission (NDRC) introduced the Three-year Action Plan for the Creation of First-class Business Environment in the Beijing-Tianjin-Hebei Region (hereinafter, the “action plan”) to revitalize the business environment in the Beijing-Tianjin-Hebei region (commonly referred as “Jing-Jin-Ji” based on Chinese abbreviations). The plan aims to create a world-class business climate that promotes regional economic integration, supports enterprise growth, and enhances the area’s overall competitiveness.

Targeting key challenges such as local protectionism, market fragmentation, and regulatory inconsistencies, the action plan outlines 19 measures across six focus areas. These measures are designed to streamline business operations, remove barriers to cross-regional activity, and foster a more unified economic environment.

To streamline and standardize market operations, the action plan aims to remove unnecessary restrictions on cross-regional business activities and eliminate the requirement for businesses to register in specific locations without legal justification. It also simplifies the process for businesses relocating by integrating registration and archival services and ensuring smooth information sharing for both company registrations and deregistration.

The action plan also focuses on fostering fair competition and encouraging innovation. It proposes enhanced cooperation in antitrust enforcement and fair competition reviews through mutual checks and shared information. To boost cross-regional innovation, the plan supports:

Additionally, a key goal is to improve the business environment in critical industries such as semiconductors, cybersecurity, and emergency equipment, with a focus on building advanced manufacturing clusters.

To ensure and optimize legal protections for businesses across the Beijing-Tianjin-Hebei region, the action plan proposes the introduction of a collaborative mechanism using the 12345 government service hotline to handle business complaints and strengthen legal services related to business rights. It also aims to improve the handling of intellectual property issues by establishing efficient processes for case referrals, investigations, and enforcement, as well as enhancing cross-regional judicial cooperation.

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