Opening the country for business and investments is still at the top of China's list. The topic during the State Council's executive meeting echoed this sentiment.
Premier Li Keqiang outlined the administration's efforts to make doing business in China easier. Xinhua Net states that the government is dedicated to making investments easier by lessening processes that hinder quick resolution of documents and approval. Li hopes to less cumbersome processes by streamlining and combining the paths of doing business.
Other processes involve rewarding top performers for their business. China will also create improvements in doing business; government services like the Internet Plus medical insurance and the one-stop service model will be distributed to all businesses in the country.
All of this was spearheaded last year. Forbes reports that China is working toward making these improvements as the new norm in the country. People have embraced the slow and steady growth that the country experienced for a few years and decided it was better than a short-term burst of the economy.
Thanks to the rules that are finally enforced, China's policies are starting to become clearer. Now, more than ever, the rules that once favored local companies also include foreign companies. This is part of the efforts that China hopes to include in its drive to improve business and make better financial relations.
The effort to include everyone in the rise-spurred on by the administration's "Made in China 2025" policy-is visible in the Chinese government's shift in policy.
That was a year ago; the policy is, if any, enforced stronger by Premier Li's pledge to create better, inclusive markets and protect the economy from lopsided trades and transfers. This is in relation to the trade wars that China is in with foreign governments, particularly the US trade policy and the EU's tariffs.
The comments were made at the yearly China-EU summit yesterday, where EU Council president Donald Tusk encouraged partnerships between China, Russia, and the US to combat trade talks descending into trade wars. The EU also encouraged stronger inclusion for other markets to create a level playing field for all economies.
