- Chinese Premier Li Keqiang has signed a State Council decree unveiling a regulation on advancing the development of self-employed businesses.
- The regulation, which will take effect on November 1, has set out specific preferential policies in areas including optimizing the business environment and protecting the lawful rights and interests of self-employed businesses.
- The regulation clarifies the role of self-employed businesses in the socialist market economy and the basic principles for promoting their development, and promises to simplify administrative procedures and improve the business environment to create favorable conditions for the healthy development of such businesses.
China unveils regulation on boosting development of self-employed businesses
