Reforms should be designed to strengthen the role of the market and create market vitality, Li said.
Achieving this goal relies not only on people, but also on the strength of institutionalized mechanisms, he added.
Effective supervision creates an environment conducive to simplifying administrative procedures and delegating power to lower levels. It can also create a platform for improved government services, lower operational costs, facilitate the growth of enterprises, and unleash peoples' creativity, Li stressed.
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2020-09-15
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