China's top economic planning body, the National Development and Development Reform Commission says it will delegate more powers and further simplify administrative approval procedures.
In a press conference on Thursday, the NDRC says China will continue to deepen reform of its administrative system. The Commission said that administration will be streamlined and more power will be delegated to lower-level governments. This year, China will cancel or delegate to lower-level governments an additional 200 plus items which earlier required State Council review and approval.
Meanwhile, it says China will deepen reform of the investment approval system, abolish or simplify preliminary review and approval procedures, give businesses full power over their investment decisions, and make it easy to make investments and start businesses.
Source: Xinhua
