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Premier Li: China to exercise accommodative, prudential regulations on new business models

Updated: Mar 15,2019 5:09 PM     Xinhua

BEIJING — China will continue to exercise accommodative and prudential regulations on new business models such as Internet Plus and sharing economy, Premier Li Keqiang said on March 15.

New business models should be allowed a good chance to grow and develop, and the government needs to detect and address any problems that come along the way, the Premier said at a news conference after the conclusion of the annual legislative session.

By prudential regulation, the government needs to draw a clear bottom line involving public safety and security, Premier Li added.

Our purpose is to foster enabling environment for all entrepreneurs and provide our companies good opportunities in developing new drivers of growth, the Premier said.