Country for PR: China
Contributor: Xinhua News Agency
Friday, May 29 2020 - 20:04
AsiaNet
Optimization of Business Environment Stimulates the Recovery of the Economy in Changsha, China
CHANGSHA, China, May 29, 2020 /Xinhua-AsiaNet/--

Changsha, the capital city of Central China's Hunan province, issued multiple 
policies on optimization of business environment to stimulate a strong economic 
and social recovery.

According to Changsha Business Environment Optimization Coordination Center, 
since the year of 2019, Liuyang city (under the jurisdiction of Changsha city) 
has released a number of supportive policies, such as "Twelve Measures on 
Optimizing Enterprise Services of Liuyang" and "Implementation Opinions on 
Advancing Economic Development on Night-time, Rural and Network Scale". 
"Regulations on Optimizing Business Environment of Changsha " is planned to be 
implemented on June 1st, 2020. Enterprises' enthusiasm for innovation and 
entrepreneurship has been stimulated significantly, thanks to these favorable 
policies.

Hunan Yanjin Puzi Holding Co., Ltd. (Yanjin Puzi), with its headquarter in 
Liuyang, is a listed company specializing in research, development, production 
and sales of leisure snacks. It has enjoyed a reputation as "the first 
enterprise in self-producing leisure snacks in China". "From a small candied 
fruit workshop with less than 10 workers, to a large-scale listed enterprise in 
food industry today, the brand 'Yanjin Puzi' has been popularized from Changsha 
to the whole nation, even to the whole world. We cannot reach so far without 
the favorable business environment of Changsha," the Chairman of Yanjin Puzi, 
Zhang Xuewu said.

The financial report shows that Yanjin Puzi has reached 464 million revenues 
and 57.2 million net profit in the first quarter of 2020, increasing 35.43% and 
100.8% respectively quarter-on-quarter. From January 2nd to May 15th, the stock 
price has risen by as much as 151%.

The "Double-Channel Reform" in Yuhua district, Changsha, has enabled the 
procedures including processing of license, taxation, social insurance, 
official seals and account-opening to be handled within 2 hours. Since the 
implementation of the policy of "zero-meeting" acceptance, "zero-threshold" 
audit and "zero-cost" certification, 3,275 new enterprises have been 
established, seeing a growth of 31.3% year-on-year. The total number of market 
entities in Yuhua district ranked first among China's central provincial 
capitals, thus being rated as one of the top 100 national investment potential 
regions in 2019.

As one of the three critical parks in China (Changsha) Cross Border E-commerce 
Comprehensive Pilot Zone, Changsha Huanghua Comprehensive Bonded Zone has been 
proactively supporting cross border e-commerce and firmly increasing "1210" 
imported bonded e-commerce business values. Since March, 2020, a great increase 
has been witnessed in imported products like fresh aquatic products, daily 
chemicals, high-tech and mechanical and electrical products in Changsha, under 
the impetus of domestic demand.

Changsha Cross Endless E-commerce Co.,Ltd. has set up its nationwide largest 
bonded warehouse in Huanghua Comprehensive Bonded Zone; more than 50% products 
of China are shipped from here. From January 1st to May 21st, 2020, ordering 
numbers exceeded 870,000, and import and export volume reached nearly 300 
million, which marked a 5.1 times of growth of annual total volume and a 2.4 
times of growth of import and export volume in 2019.

Another cross border e-commerce named Changsha Fengmai Cross Border E-commerce 
Co., Ltd. is mainly engaged in Russia business. Products are shipped to Russia 
via Erenhot three times a week by air. By May 25th, over 3.3 million orders, 
with a total value of US$22 million have been sent to Russia. With the end of 
the epidemic, two more shifts will be added to this route once a week.

In order to effectively mitigate the impact of the epidemic and to support the 
development of freight routes, Huanghua Airport Customs has further simplified 
the speed-up process and shortened the clearance time. The "24-hour Green 
Channel" provides opportunities for "zero-waiting" and "zero-latency". This 
year, international freight routes from Changsha to North America, European, 
Africa and other regions will be open.

Source: Changsha Business Environment Optimization Coordination Center

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=364390

   Caption: The manufacturing shop of Hunan Yanjin Puzi Holding Co., Ltd.

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   Caption: Xianing port area in Changsha new port