LEGISLATION
State Council Publishes the Working Scheme to Lower Costs for
Real Economy Enterprises
On 22 August, the State Council published the Working Scheme
on Reducing Cost of Real Economy Enterprises
("Scheme"), which is aimed at
alleviating difficulties of real economy enterprises effectively,
helping enterprises on transformation and upgrading, and taking
measures to lower costs for real economy enterprises. The Scheme
includes that the State Council will devote on reducing
institutional transaction costs with efforts to break regional
blockade and industry monopoly and strengthening development of
market circumstance of fair competition; the State Council will
further reduce land costs of enterprises, impel revolution in
energy field and deregulate price in competition area; and the
State Council will carry out supporting measures on reducing costs,
strengthen regulations in respect of antitrust, anti-unfair
competition, IP protection, quality safety
