BEIJING, Jan. 4 (Xinhua) -- China will make more efforts to streamline administration through more power delegation and fewer certification and evaluation requirements, and will soon issue its first guideline for market supervision and regulation to make its business environment more inviting.
The decision was announced during the State Council's executive meeting on Wednesday chaired by Premier Li Keqiang. Li said that a more dynamic market is the cornerstone for development.
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More market-oriented reforms needed in 2017: central bank advisor
BEIJING, Jan. 2 (Xinhua) -- China should step up reforms to let the market play a decisive role in the economy and accelerate its structural shift in 2017, a central bank advisor has said.
Despite signs of stabilizing in 2016, China's economy still faces downward pressure as its restructuring process is not yet finished, said Huang Yiping, member of the central bank monetary policy committee and an economist at Peking University. Full Story
