East China’s Jiangsu province has spared no efforts to streamline administrative procedures and transform government functions in a bid to help ease financial difficulties for the market players in the province.
Huai'an Nylon Chemical Fiber Co., Ltd. is a textile enterprise specializing in automobile tire cord products. Affected by the epidemic in the first half of this year, the company’s foreign trade orders were delayed, dragging down invoice sales by nearly 20% year on year.
Lu Zhijian, General Manager of Huaian Nylon Chemical Fiber Co., Ltd.
"Delays in exports have made it difficult to recover loans, so the entire cash flow is gradually reduced and the pressure is very huge," said Lu Zhijian, General Manager of Huaian Nylon Chemical Fiber Co., Ltd..
The central government has issued a number of subsidy policies to stabilize enterprises. Nylon Chemical Fiber Co., Ltd. submitted a subsidy application. Less than a month later, more than 6 million yuan of subsidies were transferred to the company's account.
"I didn't expect the subsidies to arrive so quickly and in time. At the most difficult time the government can supplement the cash flow of funds," said Lu Zhijian, General Manager of Huaian Nylon Chemical Fiber Co., Ltd..
The timely distribution of financial funds has benefited from the reform of financial rewards and subsidies integrated services implemented by Huai'an City.
In June, the Huai’an City Financial Reward and Subsidy Integrated Service Platform was launched, and 227 business projects were launched to avoid the hardship of people going back and forth for administrative formalities.
Huang Qin, Director of Lianshui County Treasury Centralized Payment Center
"The progress of fiscal expenditures is accelerating, and we can track the allocation appropriation and use of each project fund to ensure that the flow of each fund is clear and the accounts can be checked," said Huang Qin, Director of Lianshui County Treasury Centralized Payment Center.
Up to now, authorities in Huai'an have handled more than 2,000 financial incentives and subsidies of various types, reducing the administrative procedures by 45% on average, and cutting back on the time spent on the formalities by 60% on average.
Kong Fanbin, Dean of School of Government, Nanjing University
"Huai’an’s policy integration can improve the cross-departmental collaboration and cooperation by changing the work process, optimizing the corresponding links and providing more convenience for the people and enterprises," said Kong Fanbin, Dean of School of Government, Nanjing University.
Lu Liusheng, Director of Jiangsu Provincial Government Affairs Office
"The integration reform of Huai'an City, centering on departmental approval matters rather than on the needs of enterprises and consumers is conducive to the implementation of policies and measures as soon as possible and makes people and enterprises feel more convenient," said Lu Liusheng, Director of Jiangsu Provincial Government Affairs Office.
(Source:ourjiangsu.com)
