Li stresses market vitality in Shanghai

Chinese Premier Li Keqiang called for optimizing the business environment and reducing institutional costs in order to boost market vitality and people’s welfare, during a two-day tour of Shanghai.

Mr Li first visited the China (Shanghai) Pilot Free Trade Zone, where local officials said the time needed for enterprises to complete administrative procedures has been reduced by 85 percent after the integration of governmental services with the internet. Meanwhile, the number of newly registered enterprises is 50 percent higher than before the pilot free trade zone was established. About 40 percent of Shanghai’s foreign trade was completed in the pilot zone.

Boao:

This year’s Boao Forum for Asia (BFA) is the first since China’s commitment to building a community with a shared future for humanity was written into the country’s Constitution last month.

The vision, together with China’s proposal of building “a new type of international relations,” represents the country’s efforts to search for the answer to a simple question: What kind of future does humanity wish to create? Chinese President Xi Jinping called for people around the world to work together toward a community with a shared future for humanity and make Asia and the world peaceful, tranquil, prosperous, open and beautiful.