Li: Regulation aids work of businesses

Premier Li Keqiang heard a thirdparty assessment report on the implementation of the regulation on improving the business environment while chairing the State Council executive meeting on Jan 4, and called for intensified efforts to further resolve bottlenecks hindering its implementation and provide stronger legal underpinning for the business environment.

According to the report, implementation

of the regulation has achieved positive results in general. Enterprises are highly satisfied with tax and fee cuts and the facilitation of government services, as well as innovative reform measures to facilitate startups and the operation of enterprises. More than 20 million new market entities were established amid tough conditions last year.

“The regulation that took effect last year is aimed at strengthening market-oriented and law-based development,” Li said.