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HAIKOU Marco Asensio España Camiseta , Jan. 25 (Xinhua) -- Denis Koreshkov waited only one night before getting his business license in south China's Hainan Province.


The 34-year-old Russian engineer and his business partners were amazed at the administrative efficiency. The office of his company in Hainan Software Park in Chengmai County, which is undergoing fitment and equipment installation, will be put into use after Spring Festival, which falls on Feb. 16.


Koreshkov and his partners moved their computer technology company from Russia to Hainan last year and established the Hainan firm with a registered investment of 10 million U.S. dollars.


""China is a rising power in the IT industry and has a huge potential market,"" he said. His company has signed three cooperation projects in Hainan.


The Russian entrepreneur is among foreign investors benefiting from the favorable business environment in China.


The country has been making efforts to remove barriers to market access and requires local governments to create healthy business environment for fair competition.


To attract foreign investors Rodrigo España Camiseta , since October last year the approval of foreign enterprises in Hainan has only taken three days, compared with 18 days previously.


Hainan took the lead on online administrative approval in July 2017, enabling applicants to submit administrative approval affairs at home with a computer.


""A highly efficient government will cut the institutional and time costs for companies' development,"" said Wang Jing, head of the Hainan provincial government affairs service center.


""Streamlining administrative approval procedures will push the transformation of government functions and create a favorable soft environment for economic development Jordi Alba España Camiseta ,"" she said.


Wu Yusheng, founder of Tetranov International, a U.S. pharmaceutical company, also feels the benefits of such policies.


The registration and construction of his health product plant in Haikou, the provincial capital Iago Aspas España Camiseta , only took five months.


""We have lots of investment projects around the world. The Hainan project is the fastest,"" Wu said.


To attract foreign capital, Hainan also identified 12 key industries, including tourism, Internet Alberto Moreno España Camiseta , medical treatment and bio-pharmaceuticals, and introduced preferential policies.


Due to the policies, the island province has become a hot spot for foreign investment.


In the past five years, 360 foreign-funded enterprises have been set up in the province, with contracted foreign capital reaching 25.4 billion U.S. dollars. In 2017 Sergio Ramos España Camiseta , the island signed almost 40 foreign investment projects.



" "

LONDON, Jan. 24 (Xinhua) -- Arsenal came from behind to beat Chelsea 2-1 in the second leg of the EFL Cup semi-final on Wednesday.


A goalless first leg left it all to play for at the Emirates Stadium and things were off to a rocky start for the Gunners when Eden Hazard put Chelsea in front after just seven minutes.


Arsenal grabbed a fortunate equalizer five minutes later when Nacho Monreal's header from a corner deflected off both Marcos Alonso and Antonio Ruediger past the helpless Willy Caballero.


Ruediger was unlucky once again as the Gunners took the lead on the hour. Alexandre Lacazette's cross from the right hit the Chelsea defender and went straight towards Xhaka, who poked it past Caballero.


Arsenal will face Manchester City at Wembley Stadium on February 25.


It will be their eighth appearance in the final and their first since losing to Birmingham City in 2011.



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Fri Jun 22, 2018 8:05 am
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