China to improve business environment through gov't legislation

BEIJING -- The State Council, China's cabinet, on Tuesday passed a draft of regulations on improving business environment, offering market entities institutional guarantee when they invest and develop business in China.

The draft focuses on the demand from market players, and establishes basic institutional norms in business environment that give equal treatment to domestic and foreign enterprises, according to a statement released after a State Council executive meeting chaired by Premier Li Keqiang.