Council cuts red tape for businesses

Measures approved to streamline administration, reduce burdens

China will work to better the business environment with measures that further streamline administration and reduce corporate burdens, under a decision made at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday.

To further improve the business environment, the government will prioritize cutting red tape, taxes and fees. The negative list for market access will be implemented across the board. The "one-stop and one-form" application for record-filing and business registration of foreign-invested ventures will be introduced nationwide, it was decided at the meeting.