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China will make unrelenting efforts to improve the business environment, encourage fair competition and cooperation and enable mutually beneficial outcomes, he said.
China's biggest banks are accelerating their debt-for-equity program to offload distressed debts and to help reduce high corporate leverage.
China will eliminate or delegate to lower-level authorities more items that require government approval, and implement nationwide reform of the review process over construction projects, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.
China will encourage foreign institutions to raise funds through renminbi-denominated bonds in the interbank bond market, as part of efforts to accelerate the opening-up of the financial market and improve the renminbi's internationalization.
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 issued in late October.
来源：资阳报