75 years on Inner Mongolia leapfrog development

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75 years on: Inner Mongolia's significant market entity growth

2024-09-30 (goinnermongolia.com.cn)

Since the establishment of the People's Republic of China 75 years ago, North China's Inner Mongolia autonomous region has witnessed rapid and significant growth in its private and individual economies, making substantial contributions to the region's overall socio-economic development.

At the dawn of the People's Republic of China, Inner Mongolia had 23,522 individual businesses in commerce, food service, and other services, employing 45,537 people.

By the end of 2011, the number of operating entities in the region had reached 1.03 million. These businesses played an increasingly vital role in driving economic growth, energizing urban and rural markets, facilitating daily life, and maintaining social stability.

As of the end of August 2024, the number of operating entities in Inner Mongolia had surged to 2.85 million, solidifying their position as a cornerstone of the region's economic and social development.

In recent years, Inner Mongolia has made comprehensive efforts to continuously optimize its business environment.

The region has focused on simplifying market access by introducing various measures to facilitate investment and attract businesses.

Over 30 administrative approval items have been canceled or delegated, and 113 procedural steps have been eliminated. More than 500 specific projects, including the registration of individual businesses, can now be processed across the entire region.

To further benefit a broader range of enterprises, the Inner Mongolia Department for Market Regulation issued the "Implementation Opinions on Promoting 'Inspection-Based Regulation and Service-Oriented Enforcement' in the Regional Market Supervision System" in August.

This initiative involves establishing a regular communication mechanism during routine supervision, providing pre-service during inspections, conducting enforcement during administrative actions, and performing post-enforcement follow-ups. This approach aims to achieve an integrated regulation, enforcement, and service system.