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Chinese premier urges improvements in business environment to bolster economic recovery
CGTN
A new energy vehicle production factory in Guangzhou, south China's Guangdong Province, May 16, 2023. /CFP
A new energy vehicle production factory in Guangzhou, south China's Guangdong Province, May 16, 2023. /CFP

A new energy vehicle production factory in Guangzhou, south China's Guangdong Province, May 16, 2023. /CFP

Chinese Premier Li Qiang called for improvements in the business environment and the development of a high-quality new energy vehicle industry to bolster the economic recovery at a State Council executive meeting on Friday.

Li said that the foundations of economic recovery are not yet solid, so it's vitally important to build a market-oriented, law-based and internationalized business environment to further stabilize social expectations, build up confidence and stimulate market vitality.

The Chinese government will roll out more targeted and effective measures to improve the business environment at a faster pace, and the measures will focus on fair competition, intellectual property rights protection, a unified market and easing market access, it was stated at the meeting.

Li also stressed the importance of the high-quality development of the new energy vehicle industry. 

He said that more will be done to optimize the sector's industrial layout and tackle key technological problems in areas such as power battery systems, new chassis architecture and intelligent driving systems. And efforts will also be made to improve battery recycling, promote the integrated development of vehicles, energy, roads and the cloud, and ensure the whole industrial chain becomes more independent and greener.

China will extend and optimize its purchase tax reduction and exemption policies for new energy vehicles and construct high-quality charging infrastructure to unleash consumption potential, according to the meeting.

A draft law on preschool education was also approved for deliberation by the National People's Congress Standing Committee at the meeting.

Li said the government will plan the allocation of preschool education resources in a scientific manner and per the progress of new urbanization and a changing school-age population, and will ramp up spending on preschool education and give greater preference to rural and ethnic minority areas.

(With input from Xinhua)

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