The State Council has given the nod to a pilot "one integrated license" in Shanghai's Pudong New Area. The "one integrated license" can significantly reduce the cost of industry access and foster a world-class business environment, the State Council said. The pilot, to last till the end of 2022, aims to accumulate experience for similar practices to be implemented across China, it said.

We should strengthen the synergy in advancing reform and activate new impetus for high-quality development, as well as focus on reform moves that play a fundamental role and act as engines of progress. We should take a coordinated approach in promoting reforms in key areas and links and create a world-class business environment that is market-oriented, law-based and internationalized.