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China will facilitate the establishment of bilateral and multilateral platforms for entrepreneurship, support demonstration bases to deepen opening-up, and enhance international cooperation to ramp up global entrepreneurship, it said.
China will stick to its pledges to continue to promote opening up, facilitating global economic cooperation and communication, he said.
China will phase out the equity cap on automotive joint ventures by 2022, with the cap on manufacturers of new energy vehicles and special-use vehicles to be removed later this year, according to the National Development and Reform Commission.The commission reported the cap will be removed for commercial car producers in 2020 and passenger car producers in 2022. International carmakers will be allowed to have more than two joint ventures as well.
China will cut taxes by another 60 billion yuan (.5 billion) to drive innovation and entrepreneurship and boost the development of small and micro businesses, the State Council decided in an executive meeting presided over by Premier Li Keqiang on Wednesday.
China will develop a multi-level capital market, build a multi-level banking system, resolutely resolve risks, and give full play to the role of financial technology, according to Liu.
来源：资阳报