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

The inspection found that the ongoing supply-side structural reform is progressing in a steady manner as the economic structure keeps optimizing.

The inspection also found a number of problems in different areas, including excessive production capacity cutting in arrear, deficiencies in business environment, and bottlenecks in the transformation of R&D findings to products.

"The problems found in the inspection process should be addressed as early as possible, with results to be delivered for problems such as the resurgence of shutdown production capacity, excessive fees levied on enterprises, obstacles to foreign investment and long delays for approvals of some investment programs," Li said.

The report on inspection said that the government will further promote innovation-driven development, with an evaluation system to monitor the environment for innovation and entrepreneurship set to be established. The incentive mechanism for the commercialization of scientific and technological progress will be improved.

The development of a business environment with global edge will be prioritized to further promote private and foreign investment. The government will develop an evaluation mechanism for business environments, and conduct timely nationwide evaluation of the environment.

The government will also work on the real estate transaction registration mechanism to further reduce red tape. Local authorities will be encouraged to ensure real-time data sharing between different information platforms.