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Concrete reform helps growth: Chinese Premier
Last Updated: 2014-07-17 00:12 | Xinhua
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Chinese Premier Li Keqiang on Wednesday called for concrete implementation of the cabinet's reform policies to support economic growth.

Speaking at an executive meeting of the State Council, the premier said that actual enforcement of central government policies in regions has played an important role in stabilizing growth, boosting reform, restructuring, and improving people's livelihoods.

However, problems exist in some regions, such as redundant administrative approval, inefficient administrative work, and half-hearted reform, the premier said, after hearing reports from inspection teams.

The State Council dispatched eight inspection teams last month to check enforcement work in 16 provinces and dozens of ministries.

As Chinese government operates on five administrative levels (state, province and ministry, municipal, county and township), a policy package may taper off as it passes downward, and the purpose of the inspection is to ensure the policies are not misinterpreted or distorted by local executors.

Li said that the cabinet will continue to simplify administrative approval, open more sectors to private investment, enhance financial support for agriculture and small companies, and speed up key projects such as railways, municipal infrastructure and water projects.

He urged local authorities to adhere to central government policies in boosting trade, and promoting growth in sectors such as environmental protection, energy savings, elder care, health and culture.

Li encourages enterprises to reform, innovate

Chinese Premier Li Keqiang on Monday encouraged enterprises to push forward reform and innovate to counteract the economic slowdown.

He said enterprises should, instead of having a wait-and-see attitude, take bold action to seize the opportunity by adopting new technologies and transforming their business models, thus improving competitiveness and surviving.

Li was speaking at a symposium attended by the country's leading businessmen from sectors including foreign trade, construction, finance and the Internet.

China's business environment keeps improving as the economy has gathered steam in the end of the first half. Industrial businesses saw their profits rising in the first five months.

Li said the government will continue to cut the burdens on enterprises by simplifying administrative procedures and reducing transaction and financing costs.

Li said he is confident that Chinese economy will keep growing at a moderately rapid pace and in a sustainable and healthy manner.

China's economic growth slipped to the lowest quarterly expansion in the Jan.-March period since the third quarter of 2012, but indicators have shown the economy is gradually gaining strength.

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