BEIJING, June 24 (Xinhua) - China will further cut the time needed for starting companies and overhaul the fees and charges collected by industry bodies to further reduce the burden of market entities and boost their vitality.

(File photo: VCG)

China aims to shorten the time needed to set up a company from within five working days at present to within four working days or even less, according to a State Council executive meeting chaired by Premier Li Keqiang on Wednesday.