Supervision shouldn’t pose“hurdles”to small firms: Premier

%3CP%3E%3CFONT%20face%3DVerdana%3EChinese%20Premier%20Li%20Keqiang%20has%20urged%20government%20organs%20to%20reduce%20administrative%20procedures%20for%20small%20firms%2C%20stressing%20supervision%20should%20not%20be%20a%20hurdle%20to%20small%20businesses.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ELi%20said%20the%20government%20should%20give%20a%20hand%20to%20small%20firms%20and%20supervision%20should%20not%20be%20like%20%22hurdles%20in%20a%20race%20that%20lie%20in%20the%20way%20one%20after%20another.%22%20He%20made%20the%20comments%20during%20a%20symposium%20with%20owners%20of%20small%20and%20micro-sized%20enterprises%2C%20according%20to%20a%20statement%20released%20Sunday%20on%20the%20website%20of%20the%20Chinese%20central%20government.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ESupervisors%20should%20relax%20unnecessary%20controls%2C%20fulfill%20their%20regulatory%20duties%20and%20support%20companies%20in%20need%2C%20Li%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20government%20should%20also%20pay%20more%20attention%20to%20fiscal%20support%20and%20financial%20services%20to%20newly%20registered%20small%20firms%2C%20he%20added.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChina%20has%20rolled%20out%20an%20array%20of%20favorable%20measures%20for%20small%20firms%20to%20help%20them%20weather%20the%20economic%20slowdown%2C%20including%20tax%20breaks%2C%20reduced%20administrative%20fees%20and%20relaxed%20market%20access.%20Policy%20makers%20have%20also%20hoped%20that%20small%20firms%20will%20invigorate%20China%27s%20ongoing%20reform%20efforts.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ESome%201.27%20million%20firms%20were%20registered%20in%20the%20March-June%20period%2C%20up%20by%2066.85%20percent%20from%20a%20year%20ago%2C%20after%20a%20new%20business%20registration%20system%20with%20lower%20thresholds%20took%20effect%20on%20March%201.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%uFF08peopledaily.com%uFF09%3CBR%3E%3C/FONT%3E%3C/P%3E