China takes further steps to streamline administration, improve business environment
Apr 16, 2021 (China Knowledge) - The China’s General Office of the State Council has just released a guideline on advancing reforms to streamline administration and delegate power amid efforts to improve the business environment and to push for high-quality development.
The guideline outlined measures to boost the vitality of the economy and highlighted the creation of a market-oriented, law-based, and internationalized business environment.
The guideline urged efforts to improve the employment environment, reduce burdens on market entities, stimulate consumption potential, and ensure stable foreign trade and investment. Efforts should also be made to break monopolies and push for the formation of a unified domestic market that is highly efficient, rule-based and fair for competition.
It also stressed improving services for people's livelihoods, such as elderly and medical care, and enhancing supervision over the entire reform process.
China will continuously optimize the environment for foreign investment, and further promote customs clearance facilitation, according to the guideline.
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