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China will work to better the business environment with measures that further streamline administration and reduce corporate burdens, under a decision made at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday.
China's central bank announced in August a plan to reform the LPR mechanism to better reflect market changes in its latest move to guide borrowing costs lower to support the real economy. [Photo/VCG]
China's average per capita disposable income stood at 25,974 yuan last year, which rose 7.3 percent year on year, faster than GDP growth, NBS data showed.
China's auto market, hit hard by COVID-19, began to recover in April thanks to unleashed pent-up demand and supportive policies, with sales rising 4.4 percent year-on-year, ending a 21-month contraction streak, according to the China Association of Automobile Manufacturers.
China's business environment showed one of the strongest improvements worldwide in the 12 months ending May 1 thanks to its robust reform agenda, according to the World Bank Group's Doing Business 2020 study in late October.
来源：资阳报