Premier Li Keqiang says the government should further streamline administration and delegate more powers to lower.
The government work report Chinese Premier Li Keqiang delivered Thursday serves as a window to better understand China's "new normal," says an Australian observer.
Chinese Premier Li Keqiang on Friday advocated to create "twin engines" to realize medium-high-level of growth and development.
China will encourage commercial banks to extend loans to more small companies at the grassroots level, the China Banking Regulatory Commission said on Friday.
The outstanding loans extended to small and micro businesses in China rose by $500 billion from the start of 2014 to hit 20.7 trillion yuan by the year end.
The Asian Infrastructure Investment Bank could be launched by the end of 2015, China's deputy finance minister has said.
The offer of being a founding member of the Asian Infrastructure Investment Bank (AIIB) is still open but the ball is in Japan's court.
China is to invest more than 1.6 trillion yuan ($260 billion) in infrastructure in an economy where growth is expected to slow and fiscal deficit increase.
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