USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Macro

China to streamline approval procedures for industrial products

Xinhua | Updated: 2017-08-25 07:41

BEIJING - Chinese Premier Li Keqiang ordered reforms to streamline the approval procedures on the market access for industrial products to support the development of new technology.

The government should focus on improving regulation after market entry and create a fair and just market environment, according to written instructions from the premier given at a recent meeting in Suqian, East China's Jiangsu province.

Despite consumption upgrades and a rising number of new industrial products, domestic manufacturers are still plagued by high institutional transaction costs resulting from rigid market entry control.

"Manufacturing is the significant foundation of the real economy," Li said, pointing out that an easier market access for industrial products should be a crucial part in government work to cut red tape and improve services.

China will continue to deepen the supply-side structural reform and transform government functions, Li said.

Meanwhile, regulators should strengthen supervision of products with high safety risks and ensure market order, Li said. "There should be nowhere to hide for counterfeit and shoddy products."

Li said a level playing field will help the upgrades of the country's manufacturing sector.

Echoing Li's remarks, State Councilor Wang Yong asked governments at all levels to step up simplifying administrative approval and improve supervision during the meeting.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US