Premier Li Keqiang: China ready to face challenges,smart related products will change the world

Premier Li Keqiang: China ready to face challenges,smart related products will change the world



Premier Li Keqiang addresses the World Economic Forum's annual meeting in Davos on Wednesday.




China plans to withstand downward pressure and continue with its strategic focus in 2015, Premier Li Keqiang told the annual World Economic Forum in Davos.




He said China must use the government and the market properly and give full scope to both traditional and new engines of growth.




"To foster a new engine of growth, we need to encourage mass entrepreneurship and innovation, and mobilize the wisdom and power of the people," the premier said.


"China will encourage its companies to explore the international market, and work for common development with other countries through greater openness toward each other."


Li also said, "To transform the traditional engine of growth, we need to focus on increasing the supply of public goods and services, and strengthening the weak link of the economy."


"Trading services into China will become an important part of the ‘new normal' and it is vitally important that China opens its markets to allow overseas providers in to stimulate competition and drive up quality."


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