Streamlined administration to foster high-quality development

China will reduce burdens of market participants and boost investment as part of its new measures to optimize the overall business environment and foster high-quality development, officials and experts said on Thursday.

The government has announced 24 measures to stimulate market vitality and ensure "six priorities" and stability in six areas for steady economic momentum, with a focus on creating jobs, boosting market entities, expanding effective investment, stabilizing foreign trade and investment and safeguarding people"s well-being, according to a document released by the general office of the State Council.

According to the document, the steps are aimed at transforming the government functions and fostering a world-class business environment that is market-oriented, law-based and internationalized.