China Pledges To Cut Red Tape, Open Financial Sector - And Spend $40B On Railways - To Boost Slowing Economy

Cutting red tape, easing market access, reforming state enterprises and taxation, liberalizing interest rates, promoting public-private partnership, and encouraging the convertibility of the yuan. It’s a long shopping list — but that’s what the Chinese government says is necessary to make the world’s second-largest economy more competitive.

— Brazil Business Today