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"Houses are built to be inhabited, not for speculation" -- the tone set by the central leadership at the Central Economic Work Conference in December -- was written into a number of local governments' annual work reports, including Shanghai.

The measures to be adopted include: further streamlining of business registration; negative list-based market access with a focus on compliance oversight; a level playing field for non-local businesses with fair competition and bans on discretionary charges or subsidiaries; and highlighting regulation and enforcement of food and drug safety as well as other fields that are crucial to public safety and security. The government also needs to improve regulatory innovation through the Internet Plus Mode and big data, among other means.

"We can find common views on how to further develop China-Finland relations as well as China-EU relations, and find solutions to myriad problems and headaches of mankind," said Niinisto.

Domestic progress aside, China is also moving closer to the center of the world stage. China hosted the G20 Hangzhou Summit and Beijing APEC economic leaders' meeting, prescribing remedies for global economic governance.

BEIJING, April 26 (Xinhua) -- China will keep integrating business certifications and licenses into one consolidated business license, which is to further reduce institutional costs for market entities and stimulate market vitality as part of the country's business registration reform.