China sees effects of reform: premier
                 English.news.cn | 2014-10-08 20:48:44 | Editor: An

BEIJING, Oct. 8 (Xinhua) -- China's economy is running within a reasonable range with the effects of reform and new growth momentums coming into play, Chinese premier Li Keqiang said on Wednesday.

Downward economic pressure remains remarkable both globally and domestically, said Li, while chairing a State Council departmental meeting.

"We should be confident on the fundamentals of China's long-term growth and take into full consideration difficulties and challenges," he said, adding that China will continue to expand employment, raise incomes, improve the environment and enhance quality and efficiency.

Current macro policies and controls will continue, according to the premier.

Li pointed out six areas of State Council policy which require special attention: water conservation and environmental protection; increasing consumption; structural reform with more supports to agriculture, small enterprises and new businesses; fiscal and monetary policies; and opening-up.

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China streamlines investment procedure

BEIJING, Oct. 8 (Xinhua) -- China will further reduce approval reviews on investment and grant enterprises more autonomy.

Investment in 15 categories, including urban roads, water supplies and chemical fertilizers, will no longer need government approval, said a statement released after a State Council executive meeting chaired by Premier Li Keqiang on Wednesday. Full story

Action plan better manages State budget

BEIJING, Oct. 8 (Xinhua) -- Better budget management leading to a more transparent and efficient fiscal system are the objectives of an action plan announced by China's cabinet on Wednesday.

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BEIJING, Oct. 8 (Xinhua) -- China's cabinet on Wednesday announced an action plan for better budget management as part of efforts to build a more transparent and more efficient fiscal and taxation system.

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RMB internationalization boosts trade, investment: vice FM minister

BEIJING,Oct. 8 (Xinhua) -- Internationalization of China's currency has given a boost to the country's trade and investment in other countries, Vice Foreign Minister Wang Chao said on Wednesday.

"The RMB's pace of internationalization has picked up in recent years," he said during a press briefing. Full story

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