BEIJING, Oct. 22 -- The government will do more to resolve the concerns of businesses identified during the State Council inspection tours, ensure full delivery of all pro-business policies and build a national Internet Plus regulation system to make government regulation smarter, more standardized and better targeted, as the State Council's executive meeting chaired by Premier Li Keqiang decided on Monday.
The Chinese government places high importance on improving the business environment. Premier Li Keqiang pointed out that it is critical to deepen the reform of government functions for notable improvement in the business environment to improve market exceptions and boost market confidence.
"We need to foster a market-driven, law-based business environment that meets international standards," Li said. "The reform of government functions in the past several years has delivered real benefits to market entities. The international community also regards the improvement of our business environment as an important condition for cooperation with China."
The government must redouble its efforts for a more enabling business environment by resolving the pressing concerns of businesses, delivering on all policy incentives and eliminating the obstacles to business development to bolster corporate confidence and competitiveness, the meeting decided.
Market access restrictions on private investors will be further eased. An updated version of the market access negative list will be released and fully implemented by the end of the year. All market access restrictions on foreign investors that are not on the negative list will be eliminated by next March, creating a level-playing field for investors from both home and abroad.
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