Govts will open further to business

Facing trade frictions, local governments will continue opening up to make the business environment fair and equal to all - lowering the market access threshold and costs for enterprises - senior officials said on Wednesday.

High-ranking officials from Beijing, Shanghai and Zhejiang province upheld the stance at a policy briefing hosted by the State Council Information Office in Beijing.

Trade frictions in the current global industrial chain have no winners and lead to some challenges for enterprises and the government, said Zhou Bo, executive vice-mayor of Shanghai. Imports and exports are important to Shanghai, and the municipal government is committed to building a more efficient, inviting, fair and equal environment, he said.