国内英语资讯:China to further supply-side structural reform, cut overcapacity, corporate cost to boost in_时事

国内英语资讯:China to further supply-side structural reform, cut overcapacity, corporate cost to boost in

BEIJING, Sept. 13 -- China will press ahead with the supply-side structural reform with more efforts focusing on reining in excessive production capacity, reducing corporate cost and improving environment for innovation.

The decision is made at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday, after hearing a report on the fourth round of State Council nationwide inspection.

The inspection, conducted by the State Council General Office in two phases between June and August, is aimed to ensure that the tasks put forwarded by the central economic work conference and the Government Work Report be implemented in full.

The cutting of surplus production capacity will be prioritized, with special focus on the weeding out of substandard steel production. The government will further reduce cooperate costs by applying standards and supervision to fees levied by sectoral associations, chambers of commerce and various societies on enterprises, in a major push to put an end to unregulated excessive charging practices at the very source.

Unlawful charging practices will be handled according to the law. Whistle-blowing on wrongdoings will be encouraged to strengthen public supervision.

"We need to give full play to inspection in its role of spurring implementation and development, to break the bottlenecks in the last mile of policy implementation, clearing all hurdles in the way of various policies," Li said.