Market entities to get more safeguards By Wang Keju | China Daily | Updated: 2021-04-15 06:42 Share CLOSE Photo taken on April 1, 2021 shows a workshop of a microwave oven factory of Midea Group, a Chinese home appliance giant, in Foshan city, South China's Guangdong province. [Photo/Xinhua] Measure 'to advance both deregulation and oversight wherever appropriate', Li says The State Council's executive meeting chaired by Premier Li Keqiang on Wednesday adopted the draft Regulation on Market Entity Registration and Administration, to provide legal safeguards for cultivating and strengthening market entities, spurring entrepreneurship and innovation, and maintaining market order. Thanks to institutional reforms in the business sector in recent years, the number of market entities increased by over 60 million during the 13th Five-Year Plan period (2016-20). This has helped to boost economic vitality and resilience, and added a large number of jobs.