Caixin OnlineFinance & EconomicsTop Stories Finance In Tuesday's Papers: Cabinet Holds Meetings on Approvals List, CLSA Rings Alarm on Gov't Debts
05.14.2013 17:34

In Tuesday's Papers: Cabinet Holds Meetings on Approvals List, CLSA Rings Alarm on Gov't Debts

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Premier Li Keqiang said in a cabinet meeting on May 13 that China should grant more power to the market. Photo by Liao Pan/China News


Cabinet Holds Meetings on Approvals List

Three State Council meetings in less than a month about shortening the list of projects that require government approval indicate the importance the central government attaches to the topic. The rights would go to local governments. The first batch involves 133 items being considered for June, but details are not known. However, reporters have learned that the power sector is likely to be the first affected. Premier Li Keqiang said in a cabinet meeting on May 13 that in the face of slowing growth, the government's solution is no longer investment, but giving the market more say.

Original article by China Business News 

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