Premier Li Keqiang has pledged stronger market regulation measures for raw materials as part of broader steps to reduce business costs and maintain China's major economic indicators within a proper range.

  Speaking at a symposium soliciting opinions from experts and entrepreneurs on the economy on Friday, Li stressed the need for a scientific implementation of targeted macro regulation and to continue with a targeted implementation of structural tax cuts.

  With renewed uncertainties from the complex and challenging international environment and uneven domestic recovery, it is important to take on a comprehensive and objective perspective on economic performance and pay equal attention to macroeconomic data and the experience of market players, Li said.

  He reiterated the need to maintain the consistency, stability and sustainability of macro policies, avoid sharp policy U-turns and properly guide market expectations.

  He urged full implementation of various aid measures for smaller firms and self-employed individuals, saying that the policy that grants extra tax deductions for business research and development costs must be put to better use to spur innovation and upgrading of the manufacturing sector.

  Source: China Daily