Entries by admin

Nation plans to further liberalize business environment to create a fairer and more enhanced rule-based market

Private firms are happy to see that investment restrictions are to be further lifted, as China aims for further steps in reforming its investment and financing system, encouraging social investment participation with more compliant requirements, including for project planning and fire prevention. The State Council’s executive meeting, chaired by Premier Li Keqiang on July 5, […]

Provinces map out paths to open up service sector

Local governments are setting ambitious targets on further opening up the service industry to foreign capital, as provincial-level authorities implement newly revised national guidelines. More than 10 places, including Hubei, Jiangsu, Fujian, Zhejiang and Sichuan provinces and Shanghai, recently promulgated specific policies to encourage foreign investment in a wide range of sectors such as financial […]

Nation should focus on key risk points, central bank warns

China should redouble its efforts to regulate key risk points in the financial sector to ensure financial stability, the central bank said on Tuesday. While risks in the nation’s financial sector are manageable now, the central bank will elevate the importance of prevention, the People’s Bank of China said in its annual China Financial Stability […]

Xi calls for more ways to help poor

During visits to farming villages, president offers residents hope President Xi Jinping, while visiting a village in North China’s Shanxi province, called on Wednesday for greater efforts and more effective measures to help those living in poverty. The people’s longing for a happy life is the goal that the Communist Party of China is striving […]

Sharing economy gets lift

Li, State Council draft guidelines to encourage innovation in burgeoning sector A guideline to further boost China’s sharing economy was approved on Wednesday at a State Council executive meeting chaired by Premier Li Keqiang. Under the guideline, the growing sector will have easier access, greater policy transparency and better protection of legitimate rights for platform […]

Zone gives rise to science, growth

Editor’s note: In the run-up to the 19th Communist Party of China National Congress, China Daily will report on a number of key projects of national importance that showcase the country’s great improvements in crucial fields, such as technology and innovation. A small county in East China shows that size has no bearing on economic […]

Reform will ‘free hands’ of businesses

Some pre-manufacture product licenses replaced by safety checks China is cutting the number of products whose manufacture requires official licensing, the State Council decided at an executive meeting chaired by Premier Li Keqiang on Wednesday. Nineteen categories of products, including water pipes and rechargeable batteries, will no longer need manufacturing licenses. The licenses required for […]

‘Silk Road in the air’ links to Luxembourg

China supports building a Silk Road in the air between Luxembourg and Zhengzhou, capital of Henan province, President Xi Jinping said on Wednesday. The two countries should deepen cooperation in finance and production capacity within the framework of building the Belt and Road, Xi said when meeting with visiting Luxembourg Prime Minister Xavier Bettel in […]