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China's four pilot free trade zones, located along the country's developed east coast, are spearheading structural reforms to make it easier to start businesses and grant foreign firms more access to the service sector.
China will spare no effort to implement supply-side structural reform over the next five years to ensure sound and sustainable economic growth, Vice Premier Zhang Gaoli has said.
The myth about China's slower growth has often clouded people's judgment about the quality of its economy, as we all tend to believe faster is better, and an economy losing steam means it is on the brink of collapse.
China will step up supply-side structural reform in its 13th Five-Year Plan period, Vice Premier Zhang Gaoli said at the opening of the China Development Forum in Beijing on Sunday.
China is exploring the creation of a mechanism that would use a band to guide the country's interest rates, an approach aimed at giving the market a greater say in the financial system, a senior monetary official said on Sunday.
China's increase of its deficit-to-GDP ratio will help prevent economic growth from falling rapidly and facilitate structural reform, a senior official said Monday.
Chinese finance minister said on Monday that business tax in all industries will be replaced by value-added tax (VAT) before May, a concrete step in deepening fiscal and taxation reform.
The heavy smog that has shrouded parts of north China will ease on Saturday thanks to a cold front, China's national observatory said.
China will lower the entry barrier for foreign investors and speed up the revision of relevant laws, said Spokesman for the Ministry of Commerce Shen Danyang on Wednesday.
Redundancies are inherently painful for those losing their jobs, their families and society at large, but for industries weighed down by overcapacity, it is a transition that could not happen soon enough.