State Council scraps red tape

The State Council, China's cabinet, scrapped another batch of government administrative approval requirements on Saturday in a bid to boost market-oriented activities in the economy.

According to the announcement, 82 administrative approvals in the telecoms and insurance industries have been cut or made easier to obtain, including canceling the approval of telecommunications services fees and canceling the qualified assessment for insurance assessment practitioners.

It is the fifth time the cabinet has reduced red tape since the new leadership took office last year.