Lahore, Oct. 10 -- China will soon release a national regulation on improving the country's business climate by establishing a fundamental framework of rules to provide institutional safeguards for investment and business operations by all types of market players, domestic and foreign. A draft of the regulation was adopted on Tuesday at the State Council's executive meeting chaired by Premier Li Keqiang. In light of the needs of market players, the new regulation focuses on transforming government functions, draws on advanced international standards and seeks to codify experiences and practices proven effective in past reforms. "Introducing this regulation now is critical for consolidating the outcome of our reform transforming government f...