Supply-side reform efforts to be boosted

China will press ahead with supply-side structural reform with more effort focusing on reining in excessive production capacity, reducing corporate costs and improving the environment for innovation.

The decision was made at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday, after hearing a report on the fourth round of State Council nationwide inspections.

The inspection, conducted by the State Council General Office between June and August, is aimed at ensuring that tasks put forward by the central economic work conference and the Government Work Report are implemented in full.