New measures set to maintain China's recovery

Premier highlights the need to implement structural tax cuts to reduce business costs

Premier Li Keqiang has pledged stronger market regulation measures for raw materials as part of broader steps to reduce business costs and maintain China's major economic indicators within a proper range.

Speaking at a symposium soliciting opinions from experts and entrepreneurs on the economy on Friday, Li stressed the need for a scientific implementation of targeted macro regulation and to continue with a targeted implementation of structural tax cuts.

The premier listened to economists Zhang Xiaojing and Peng Wensheng and executives from Baiyun Power Group, Zhejiang China Commodities City Group Co Ltd and online travel agency Trip.com.