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The decision was made at a meeting between visiting Chinese President Xi Jinping and his Philippine counterpart Rodrigo Duterte.
"By the end of the year, the time required for opening a business will be cut to 8.5 days in major cities," Xiong said, adding the procedures will become clearer and more predictable.
The event also featured participation from key intellectuals from all three countries, who spoke on various topics, including the Belt and Road Initiative and CPEC, and potential for trilateral cooperation and promotion of the cultural connectivity.
At the meeting, 10 entrepreneurs shared their opinions and made suggestions on the private enterprises' development. Xi interacted with them and made a very important speech afterward.
Noting that Diaz-Canel visited the first China International Import Expo held in Shanghai prior to his arrival in Beijing, Xi encourages Cuba to make the best use of the expo to expand exports to China.
来源：资阳报