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China's Li Keqiang urges less red tape to bolster economy: Xinhua

The Premier cited unfair law enforcement, arbitrary inspections & inadequate supervision as loopholes in market regulation

Reuters  |  Shanghai 

China should reduce red tape to ensure the development of a healthy economy, the official Xinhua news agency reported Premier Li Keqiang as saying. Li also pledged to further cut administrative examinations and approvals, cut the process of establishing businesses and give colleges and scientific research institutes more autonomy, Xinhua said late on Sunday, citing a transcript of a speech Li delivered on May 9. Li added that a level playing field will be created for private investors, adding that the state council is mulling detailed measures to promote private ...

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First Published: Mon, May 23 2016. 12:00 IST