China wants to further improve the business environment: Prime Minister

BEIJING, March 19th
Chinese Premier Li Keqiang announced on Friday that the country will continue
improve its business environment to unleash the vitality and creativity of the market.

Although the company
The environment in China has improved considerably in recent years thanks to
government reform, the improvement is still not up to market expectations, Li
said at a press conference after the close of China's annual session
national legislature.

In 2018, China
advanced to a world ranking of 46 in terms of ease of doing business, up from
78 in 2017, according to a report by the World Bank Group.

"To continue
improve the business climate, the government will continue to focus on
Streamline administrative approvals and delegate authority to lower levels
as well as on improving regulations, "Li said.

China will ensure that
companies of all types of property will benefit equally from the
administrative streamlining measures, he added.

"Tax and tax reductions
as well as an administrative streamlining and impartial regulation
important steps to counter the downward pressure on the economy and stimulate
vitality of the market. The aim is to ensure steady and sustained growth of
Chinese economy, "Li added.

China will continue to
to advance reform and openness to greater depth and breadth, by pursuing
market-based and law-based reforms to ensure that concrete results are achieved.
delivered through specific actions, he said.

GNA