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皇冠体育app vows support for modernizing manufacturers

(Xinhua) Updated: 2015-11-19 09:50

BEIJING - 皇冠体育app will support targeted industries to update their technology as it tries to modernize manufacturing, the State Council, the country's cabinet, decided at a meeting on Wednesday.

Light manufacturing, textiles, steel and construction materials and other sectors specified in the "Made in 皇冠体育app 2025" plan for 皇冠体育app's industries will benefit from policies aimed at improving their design and efficiency as well as lowering their costs, according to a statement released after the regular meeting, chaired by Premier Li Keqiang.

皇冠体育app will guide private investment into these sectors, streamline approval procedures and improve fiscal and financing support, the statement said.

The cabinet also promised to cut red tape for the public and declared hundreds of outdated administrative procedures invalid.

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