Military ending its commerce ventures

The Chinese military will stop all of its commercial activities before the end of the year, under a new guideline unveiled on Monday.

The guideline, released by the general offices of the Communist Party of China Central Committee, State Council and Central Military Commission, said that stopping all of the military's commercial activities is a strategically important decision made by the Party, the Central Military Commission and Xi Jinping, general secretary of the CPC Central Committee, and is a significant part of the ongoing reform of national defense and the military.

It said the work has entered a crucial stage that requires determination, planning and cooperation between the military, local governments and Party committees.