China Starts Reform Boosting Guangdong Party Boss Wang’s Profile
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Guangdong Communist Party Secretary Wang Yang, vying for a spot on China’s top decision-making body, won approval for a program aimed at cutting red tape as part of his push to reduce central control of the economy.
Government approval won’t be needed in cases when “individuals and companies can make their own decisions” and industries can regulate themselves, the State Council said yesterday in a statement. The reforms are aimed at the economy, smaller businesses and private investment, the State Council said, without giving further detail.