China will further simplify procedures for setting up foreign-invested enterprises (FIE) to promote high-standard liberalization and facilitation of trade and investment, the State Council decided at an executive meeting chaired by Premier Li Keqiang on Wednesday. It was decided at the meeting that a single form and one-stop services will be introduced for the business filing and business registration of foreign-invested enterprises. The whole process will be conducted online and free of charge, without the need for paper flows or presence in person. This practice, which will take effect from June 30, is expected to ... (full story)