BEIJING, Oct. 8 (Xinhua) -- The State Council, China's cabinet, on Tuesday passed a draft of regulations on improving business environment, offering market entities institutional guarantee when they invest and develop business in China.

File photo: VCG

The draft focuses on the demand from market players, and establishes basic institutional norms in business environment that give equal treatment to domestic and foreign enterprises, according to a statement released after a State Council executive meeting chaired by Premier Li Keqiang.