BEIJING, July 9-- China will introduce policies to provide better services to market entities and further facilitate employment and business start-ups, in an effort to improve the business environment and energize market players, the State Council's executive meeting chaired by Premier Li Keqiang decided Wednesday. To maintain stability in the six key areas and enhance protections in another six priority areas, the meeting urged effective delivery of all the relief policies on the fiscal, social security and financial fronts for supporting more than 100 million market entities, and instituting reforms in building a world-class and market-oriented business environment governed by a sound legal framework, to further stimulate market vitality. The Wednesday meeting adopted a guideline on further improving the business environment and providing better services to market players. "The guideline is both reality-based and long-term-oriented. Its focus is providing better services for market players. Though no specific GDP growth target was set this year, related targets in other respects are specified, including adding 9 million urban jobs and sustaining more than 100 million market entities, among others. If we can meet these targets, we may be confident that the major goals of economic and social development this year will be attained," Li said. Reform measures were taken by sub-national governments and relevant departments in support of business reopening in the past months, including streamlining approval procedures, pursuing regulatory innovation and providing better services. The newly approved guideline highlighted that practices proven effective in meeting market needs at a time of COVID-19 containment should be institutionalized as needed in a timely way. |