Premier calls for more steps to improve business climate

China will take further steps to foster an enabling business climate and lower government-imposed transaction costs, to continuously ease the burden on market players and unleash their vitality, according to a decision made at the State Council's executive meeting chaired by Premier Li Keqiang on Wednesday.

Noting that reform is a critical instrument in the policy tool kit, the meeting stressed adopting reform measures to boost market vitality and further reduce government-imposed transaction costs for market entities.

Unwarranted business-related fees will be redressed thoroughly, and the exercise of government power will be strictly delimited, while irregularities such as arbitrary charges and excessive taxes and fees will be dealt with.