At an executive meeting chaired by Premier Li Keqiang on May 6, the State Council decided that China will make strenuous efforts to build a more comprehensive and rigorous social credit system to improve the business environment and boost development. Key priorities for improving the social credit system were identified at the meeting, which included building social credit-centered regulatory procedures, establishing blacklist procedures and enhancing social credit building in areas concerning people's livelihoods.

It said China has made visible progress in developing a national social credit system and a unified social credit code, which identifies businesses and their specifics, has been introduced nationwide. Seventy-one central government departments and provincial governments have been connected to the national credit information-sharing platform. Chinese Premier Li Keqiang said "The priority now is to improve our business environment with stronger measures against cheating in the marketplace, such as counterfeiting and infringements on intellectual property rights."