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China Daily / 2020-10 / 17 / Page005

Business environment in China to be improved further, says NDRC official

By OUYANG SHIJIA | CHINA DAILY | Updated: 2020-10-17 00:00

China will continue to accelerate the push for improving its business environment in an effort to spur high-quality economic development amid mounting downside pressure and uncertainties, the country's top economic regulator said on Friday.

Lin Nianxiu, vice-minister of the National Development and Reform Commission, said a good business environment will help vitalize the market, boost innovation and entrepreneurship, expand opening-up and build an open economy at a higher level.

"In the face of new challenges brought by the COVID-19 outbreak and rapid changes in the global economic and trade situation, China is speeding up the construction of a new economic development pattern that takes the domestic market as the mainstay while domestic and foreign markets complement each other," Lin said during a news conference on Friday.

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