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BRUSSELS, Jan. 28 (Xinhua) -- China and the European Union (EU) could take a more flexible approach by setting phase-based targets in Bilateral Investment Treaty (BIT) negotiations and have some early harvests which would be followed by more to come, the Chinese envoy to the EU has said.
"Facing lackluster new drivers and mounting downward pressure in the global economic context, China has enough resilience and huge potential to keep the economy on a sound track for a long time to come," Yang said.
"Our reform to transform government functions affects the vested interests of government departments. However, administrative streamlining is a must as excessive and cumbersome reviewing requirements would drive up institutional transaction costs and dampen market vitality," Li said. "Meanwhile, the government must enhance oversight and improve services. Its focus should shift to setting rules and standards."
It is hoped that as the two leaders exchanged new year's greetings over the phone, such an auspicious start may bring about a new look for China-U.S. relations.
It was also decided at the meeting the pilot reform of the reviewing system for construction projects will be rolled out across the nation.
来源：资阳报