SAIC Policy

Chinese Microentrepreneurs May Get Legal Licenses!

Posted in MF Marketplace, MF Talent, SAIC Policy on July 23rd, 2009 by Yam Ki – 1 Comment

Fry Tofu Seller in Beijing

Happy Fry Tofu Seller in Beijing

China’s State Council just issued a draft ordinance that allows street vendors and other microentrepreneurs to register for permits and recruit employees legally. The draft ordinance, titled “Individual and Household Business Ordinance (Draft)” / “个体工商户条例(征求意见稿)“, will allow micro-enterprises to get access to loans from alternative sources such as small loan companies and village banks. read more »

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