The Economy

: E-licenses herald big biz reforms
In potentially far-reaching business reforms, China will digitalize the registration and licensing of new firms so they could start their businesses quickly; also, the deregistration process will be made quicker, simpler and cost-effective, the State Administration for Industry and Commerce said on Friday.

: China's overall leverage level 'not very high'
China's overall leverage level is "not very high," central bank officials said on Friday, while voicing concerns over excessive corporate debt level.

: Beer mogul calls for innovation of time-honored brands
Time-honored brands should innovate to "stay young" in a modern market while sticking to their traditional values, a beer mogul told China.org.cn.

: China's forex reserve decline 'normal'
The dropping trend in China's foreign exchange reserve is a normal phenomenon, the country's central bank chief said Friday.

: Policy guidance for outbound investment necessary
China's central bank governor Zhou Xiaochuan on Friday defended the country's policy guidance for overseas investment, saying the move is necessary to rein in the irrational tendency in some sectors.

: China to take steady steps in opening bond market
China will further open its bond market to foreign investors in a step-by-step manner along with the internationalization of RMB, central bank officials said Friday.

: Chinese yuan to be stable in 2017
Chinese currency, the yuan, will "automatically" stabilize this year on the back of a firming economy and rising confidence in the country's growth prospects, central bank governor Zhou Xiaochuan said Friday.

: China's central SOEs profits up 29%
China's SOEs performed well in the first two months of 2017 thanks to a stabilizing economy and better management, the state assets regulator said Thursday.

: Chinese leaders discuss economy, B&R with lawmakers
Premier Li Keqiang and other leaders on Thursday discussed economic upgrading, Belt and Road Initiative, people's congress system, poverty alleviation, anti-corruption campaign and other topics with national lawmakers.

: NPC deputy: B&R initiative a strategy to avoid future trade risks
Zhang Jianhua, a deputy to the National People's Congress, advised Chinese trade companies to explore alternative markets along the Belt and Road to cope with risks and uncertainties the Trump administration might bring to China-U.S. trade ties.

: B&R Initiative promotes global economic growth
China's Belt and Road Initiative could also be called version 2.0 of the opening up and reform policy and it will promote global economic growth, said Gu Shengzu, vice chairman of the Financial and Economic Affairs Committee of the 12th National People's Congress, on March 6 in Beijing.

: Li says Guangxi should boost competitive edge
Premier Li Keqiang called on the Guangxi Zhuang autonomous region to further open up and participate in international cooperation and competition when he joined a panel discussion with National People's Congress deputies from the region on Wednesday.

: President Xi calls for lasting effects of poverty relief
Chinese President Xi Jinping said Wednesday that the country should form a poverty relief mechanism with long-lasting effects and contain formalism in poverty reduction.

: Zhou Mingwei: Mutual exchange key to B&R Initiative
Political advisor Zhou Mingwei believes the Belt and Road Initiative is not only significant for China's economic development, but also an important move by the Chinese government in establishing a new pattern of relations with the other countries involved.

: Incubators needed in B&R countries: NPC Deputy
Chinese authorities should establish business incubators in countries along the Belt and Road region to offer consulting services for Chinese firms and help bridge cooperation, a business leader suggested on March 6.

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