Chinese Premier Li reiterates commitment to opening wider to world

The PHOTO XINHUA Premier Li Keqiang reiterated China's commitment to the nation's opening-up policy, saying that the nation will remain committed to opening wider to the world despite all the changes in the international landscape.

Li said during a fact-finding trip to Shenzhen, Guangdong province, the city and province should continue leading the nation on this front and play a major role in the nation's economic growth.

The premier stressed the need to strengthen the foundation for economic recovery, give greater priority to stabilizing growth, ensure the stability of the job market and public well-being and maintain major economic indicators within a proper range.

The recovery in consumer spending and factory activity slowed in July, according to major indicators released by the National Bureau of Statistics.

Li presided over a symposium in Shenzhen with governors from six provinces on Tuesday, urging them to tap into the potential of government policies, protect market players and stabilize growth.

ALSO READ: Premier Li vows to deepen the opening-up.

During his trip, Li visited an innovation park where he spoke with leaders of startups. He said it was necessary to support the growth of venture capital funds and extend more support to startups in their early stages of development.

He encouraged the startup leaders to be the first and pilot with a pioneering spirit, saying that more incubation platforms must be developed to help more people live their dreams of starting new businesses and innovation.

The premier pointed out the key role of the port in South China as a key hub for trade with developed nations during a visit to Yantian Port. He wants to make the port as a high-level port for international container transport, and to ensure the smooth operations of the port.

Li encouraged the company to build up its capacity by furthering the scientific spirit and quality workmanship at BYD, China's largest new-energy vehicle maker.

He said that the government will consider continuing to give favorable tax policies to the new energy vehicle sector to support consumer spending on major items.

READ MORE: Opening up to further boost global recovery.

Li stated that the government will continue to give a level playing field in policies for state-owned businesses, private businesses, foreign enterprises, and joint ventures, despite the nation's unwavering support to the public and private sector.