Govt makes further cuts to boost efficiency

In an effort to improve government efficiency, the State Council's executive meeting decided on Wednesday to abolish or delegate 52 items of administrative procedures previously subject to the State Council's review.

These administrative procedures, as part of the 200 items that Premier Li Keqiang proposed cutting this year in his annual work report, will streamline the administration for investors and business startups, create job opportunities and ensure that favorable policies make full use of innovation in the market, according to a statement released after the meeting.

For example, the application for preferential tax rates of small- and microsized companies and businesses offering job opportunities to laid-off workers will be streamlined to simplify tax reduction procedures.