“Cut Government’s Role in Market Resource Allocation As Much As Possible” Li Keqiang

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Premier Li Keqiang has called for the Chinese government to reduce its role in the allocation of market resources to the greatest extent possible.

Speaking at the State Council’s first Clean Governance Work Conference in 2018 held on 27 April, Li said that advancing government reform and changing the role of government means ensuring that the market plays a decisive role in resource allocation.

“Government must continue to delegate authority and reduce authority, and to the greatest extent possible reduce micro-management and specific examination and approval items,” said Li according to the Chinese government’s official website.

“[We must] to the greatest extent possible reduce the government’s direct allocation of market resources and its direct interference in market activity.

“[We must] operate an excellent commercial environment, add vigour to market entities, and increase convenience for the public.”

 

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