Chinese Premier¹ Li Keqiang has called on Shanghai to further improve the business environment and reduce institutional transaction costs in its efforts to expand reform and opening up.

 

中国国务院总理李克强要求上海进一步改善商业环境并减少制度性交易成本以促进改革开放。
 

 

Li made the remarks during a two-day inspection² to the municipality that ended Wednesday.

 

Li made his first stop at Shanghai pilot free trade zone, where he called on the local government to firmly promote reforms and opening up to accumulate more fresh experiences.

 

Promotion³ of high-quality growth entails⁴ a good business environment, Li said, urging Shanghai to increase efforts in this regard and reduce institutional costs to invigorate the market and make local people's life easier.

 

At foreign medicine firm Roche, Li pointed⁵ out that expanding opening up can both benefit economic growth and people's livelihood⁶, citing that China has huge market demand for cancer drugs.

 

Li said China will introduce multiple steps to increase supply of cancer drugs and reduce the cost for patients, and hoped that medicine producers can lower their prices to boost sales and benefit patients.

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