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China will stay committed to advancing reform. Reform is the fundamental driver of China's development. China will only speed up its market-oriented reforms. We will not slow down the pace of reform, let alone turn back. The Chinese government will continue to streamline administrative approval procedures, provide more efficient services, and slash the time required to start a business, get a permit or go through customs clearance. We will introduce tax cuts on a bigger scale and meaningfully lower fees, including the social security contribution rate. The reform to transform state-owned enterprises (SOEs) into standard companies and joint-stock companies has been basically completed. China's SOEs, many of which are publicly listed, run their operations in an open and transparent manner. It is entirely up to them to make their own business decisions, and they are responsible for any profits or losses. They do not enjoy any special subsidies.
China will scale up measures to support the growth of cross-border e-commerce in a bid to spur the upgrading of domestic industries and boost employment, the State Council decided at an executive meeting on Wednesday.
China's central bank carried out mock transactions using digital fiat currency with some commercial banks in June and once the currency is introduced, China is likely to become the first country to use it. [Photo/IC]
China will remain a competitive supply chain choice for foreign firms as it has a broad spectrum of strong upstream suppliers and downstream clients, said government officials and business leaders.
China will not resort to massive economic stimulus to boost growth, but will continue to open up and innovate to energize market players, Li said.
来源：资阳报