A report from chinadaily.com.cn:

Thanks to the local government's continuous efforts to optimize its business 
environment over the past years, the coastal city of Xiamen in East China's 
Fujian province has witnessed a substantial growth in business registrations 
this year.

According to official data released by the city's administration for market 
regulation, a total of 98,963 new market entities were established in Xiamen in 
the first seven months of the year, a year-on-year increase of 16.04 percent.

Official statistics indicate that as of July 31, Xiamen had 816,200 registered 
market entities, increasing by 9.7 percent year-on-year. Among them, 407,400 
are domestic enterprises, which is an increase of 4.12 percent year-on-year, 
13,357 are foreign-funded companies, an increase of 2.75 percent year-on-year, 
and 393,900 are self-employed individuals, a year-on-year increase of 16.5 
percent.

Since this year, the city's administration for market regulation has continued 
to deepen reforms and improve government services, in a bid to create a sound 
business environment, which has injected new vitality into regional economic 
development.

The ever-improving business environment has proven to make the city become an 
ideal investment destination for a slew of high-tech businesses such as Tianma 
Microelectronics, the Swiss technology company ABB, and computer hardware 
manufacturer Dell.

Attracted by the city's sound business environment, Tianma Microelectronics had 
invested a total of 100 billion yuan ($13.92 billion) in Xiamen over the past 
11 years. The company has maintained the world's first market share of low 
temperature polysilicon smartphone panel shipments for four years in a row. It 
also set up an industrial chain for panel displays, with more than 50 upstream 
and downstream enterprises having set up shops in Xiamen.

The Xiamen government has also advanced the Internet Plus Government Services 
initiative. Local authorities have explored and extended a number of 
distinctive reform measures, and both businesses and the public now enjoy 
increasingly better access to government services.

According to statistics, online platforms can handle 98.8 percent of government 
business, and one-stop services are available for all things requiring 
administrative licensing. The digital government has been promoted to make it 
easier for people to start a business through a single portal.

Official data showed that this year, 87.3 percent of the city's enterprises 
opened online, ranking first in the province. Xiamen has ranked first in the 
national business environment assessment for three consecutive years from 2019 
to 2021.

SOURCE: chinadaily.com.cn