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[时事] 国内英语资讯:China to further cut red tape to invigorate market

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BEIJING, Feb. 20-- China's central government will eliminate or delegate to lower-level authorities more items that require government approval and implement nationwide the reform of the construction project reviewing system, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.

The Chinese government has put high importance on transforming government functions by streamlining administration, delegating powers, enhancing oversight and providing better services. Premier Li stressed the importance of deepening the reform in transforming government functions, especially by delegating administrative powers.

He called for a thorough evaluation of all government review items to see that all existing review items that can be eliminated or delegated to lower-level authorities be duly dealt with except for those involving national security and major public interests.

"Streamlining administration is as important as tax cuts in stimulating market vitality as we tackle the current downward economic pressure. The key task for the government is to foster a better business environment to energize all market players," Li said at the Wednesday meeting, "This will be our important measure for sustaining steady economic growth this year."

It was decided at the meeting that 25 administrative approval items including pre-approval of corporate names before business registration and preliminary review of domestically-produced medicines will be canceled. Six administrative approval items including the practising registration of some professions will be delegated to government departments at or below the provincial level.

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