China to increase policy support for service sector
inputtime: 2016-10-20 14:30:48
BEIJING - China will offer more policy support to boost the growth of the service sector as a newengine to power the country's economic transition, according to the Chinese cabinet.
The government will cut red tape and ease restrictions for the development of elder care,education and sports services, according to a statement released after a State Council executivemeeting chaired by Premier Li Keqiang.
Unreasonable administrative approvals needed to set up elderly care institutions will beeliminated and spare workshops or training centers may be turned into facilities for the elderly,according to the statement.
China will allow private schools to adjust their fees according to their own conditions andencourage domestic educational institutions to cooperate with foreign counterparts to improvecompetitiveness in state-of-the-art fields.
The government will roll out policies to promote recreational vehicles to boost tourism in rural orsuburban areas, expand visa-free ports for inbound cruise tourism and pilot yacht leasingservices, while local governments are encouraged to develop facilities for recreational sports,including winter sports.
China will further reduce barriers for private investment in consumer and service businesses.
The government will also roll out more supportive fiscal and financial policies to developmanufacturing of assistive devices for the disabled.
The statement said China will continue to reform business registration procedures bystreamlining them and encouraging online services.