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Chinese vice premier stresses cutting red tape, improving business environment

Chinese Vice Premier Han Zheng on Tuesday called for achieving new breakthroughs in cutting red tape and improving the business environment. Han made the remarks at a meeting on transforming the gove

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Red tape costs Australia 176 billion AUD a year

​Red tape costs the Australian economy 176 billion AU dollars (129 billion U.S. dollars) a year, or 11 percent of the country's gross domestic product (GDP), said a report released by a free market think tank on Wednesday.

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China's e-shopping frenzy leads to garbage hangover

Beijing shop owner Shi Chun wraps a small package in several layers of plastic tape before sending it to the courier.