BEIJING (Xinhua) – Premier Li Qiang highlighted the imperative to enhance China’s business environment during a State Council study session on Wednesday.
The Premier underscored that continuous efforts to improve the business environment are crucial to stimulating market vitality and fostering endogenous development dynamics.
In pursuit of high-quality development, Premier Li emphasized the importance of advancing reforms in key areas and crucial sectors.
He called for the creation of a top-tier business environment characterized by a market-oriented, law-based, and internationalized approach.
The objective is to propel China’s development through a robust and competitive market.
In the subsequent steps, Premier Li outlined key measures to safeguard fair market competition.
This includes eliminating regulations and practices that hinder unified market operations and fair competition.
China fair business competition fundamental
The Premier stressed the importance of ensuring that enterprises of all ownership types can participate in fair competition while safeguarding the legitimate rights and interests of all business entities.
Premier Li urged the standardization of administrative penalties discretion, innovation in regulatory methods, and improvement in regulatory effectiveness.
The goal is to establish a stable, transparent, standardized, and predictable rule-of-law environment conducive to business operations.
In alignment with high-standard international economic and trade rules, Premier Li called for leveraging stress tests on platforms like pilot free trade zones.
The aim is to drive leading and landmark institutional innovations, reinforcing China’s commitment to international economic standards.
The Premier emphasized the improvement of government services, advocating for tangible changes year by year.
He highlighted the comprehensive use of new technologies, such as big data and artificial intelligence, to consistently enhance and facilitate government services.
Premier Li’s directives aim to create a business environment that not only attracts investment and fosters competition but also ensures the smooth functioning of enterprises of all types.
