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China to improve domestic trade circulation

Updated: Aug 26,2015 7:45 AM     Xinhua

Vice-Premier Wang Yang (3rd L back) presides over a conference on reform and development of domestic trade circulation system in Beijing, capital of China, Aug 25, 2015.[Photo/Xinhua]

BEIJING — China will accelerate reforms on domestic trade circulation, Vice-Premier Wang Yang said on Aug 25.

The reform aims to realize an orderly and efficient circulation system to better serve the economy, Wang said at a meeting about pilot work on domestic circulation.

He stressed that all pilot cities should make practical arrangements and strive to make breakthroughs within a year’s time.

Emphasis will be put on realizing a united market-oriented management system, stronger infrastructure capacity, application of more information technology, fair competition between e-commerce and traditional business, new law enforcement methods, a better credit system and smooth circulation networks, Wang said.

There are nine pilot cities, including Shanghai and Guangzhou.