Li proposes measures to encourage investment

The Chinese government will further cut bureaucracy to boost investment and entrepreneurship, Premier Li Keqiang said on Wednesday at an executive meeting of the State Council, China's Cabinet.

The directory of investments needing government approval will again be shortened after it was revised last year, according to a statement from the meeting.

Fifteen investment projects, including urban roads, water supply and fertilizer will no longer need permission from the government before going ahead. Instead, they will have to file a record with the authority.