Chinese Premier Li Keqiang addresses the opening ceremony of the Annual Meeting of the New Champions 2016, or Summer Davos Forum, in Tianjin, north China, June 27, 2016. (Xinhua/Pang Xinglei)
China will encourage innovation as the world's second largest economy presses for supply-side structural reforms, Chinese Premier Li Keqiang said on Monday.
"We will continue to build China into an innovation-driven country by using innovative concepts, growing new economy and fostering new growth," Li said at the opening ceremony of the Annual Meeting of the New Champions 2016, held in north China's port city of Tianjin.[Special Coverage]
Li said China will continue to promote mass entrepreneurship and "the Internet Plus" initiative to foster new growth engines.
The country's promotion of entrepreneurship and innovation will bring together innovative activities by people from both the elite circle and the grass-root level, online and offline, as well as business and research institutes, Li said.
Read more:
China's economy will not face 'hard landing': premier
Despite unavoidable short-term fluctuations in growth during transition, the Chinese economy will not suffer a "hard landing", Premier Li Keqiang said on Monday
Premier: China committed to maintaining China-EU, China-UK ties
Chinese Premier Li Keqiang said Monday that China is committed to maintaining and developing well the relations between China and the European Union as well as the relations between China and the United Kingdom.
Premier promises steel, coal capacity cuts
China will cut excess capacity in steel and coal as part of its economic structural reform, Premier Li Keqiang vowed as he addressed the opening of the Annual Meeting of the New Champions 2016, or Summer Davos, in Tianjin on Monday.
China to continue opening up to aid economic transition: Premier
China will continue opening up its service and general manufacturing sectors and keep the renminbi generally stable within a reasonable and proper range, Chinese Premier Li Keqiang said Monday.
