China to deepen reform to boost innovation and entrepreneurship

 BEIJING, July 15 (Greenpost) — China will remove more vocational qualification and certification requirements to support creation of new businesses and bring forth new ideas.

A total of 62 vocational qualifications, including web advertising brokers and port cargo handling workers, will be abolished, according to a statement released after an executive meeting of the State Council presided over by Premier Li Keqiang on Wednesday.

The qualifications used to be required as a threshold to for people to enter the profession.       “China has been strengthening  innovation and entrepreneurship,” the statement read, “and will continue reform to remove unreasonable constraints for market entities, to let the market play the key role in allocating resources.”

Meanwhile, the government also promised to stabilize the exchange rate of the yuan at a reasonable and balanced level.
It also pledged to facilitate renminbi settlement to help enterprises avoid risks in cross-border trade, according to a statement released after an executive meeting of the State Council presided over by Premier Li Keqiang on Wednesday.
The cabinet also stressed providing more support to small and micro enterprises, as well as the development of emerging market.

Source Xinhua

Editor Xuefei Chen Axelsson

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