Li stressed that SOEs should focus on their main responsibility and business, develop sound market-oriented operating mechanisms, and increase core competitiveness. At the same time, a level playing field for the private sector shall be created to boost their confidence in development.
Liang Yixin, who plans to pursue a biotechnology major at Qingdao Agricultural University, is looking for a dancing club.
Li has visited Europe for over 10 times, and this will be his fourth to Germany as Chinese premier.German Chancellor Angela Merkel is also a frequent visitor to China.
Like hundreds of local garment factory owners, Xue look forward to moving into a custom-built industry park in the new area.
Li said China is capable of preventing systemic financial risks, given the country's sound and stable economic growth.
Li said China is promoting a new round of opening-up, and among the agreements made, the ownership ratio allowed to German automakers in joint ventures in China will increase and, for the first time, German chemical companies will be allowed to set up sole ventures in China.
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Li said that Shanghai has chosen AI as a strategic priority and has taken frequent measures to accelerate AI's development by forging a benign ecosystem featuring comprehensive production factors, openness and coordination.
Li moved to the capital from central China's Henan province at the age of 20 with only 20 yuan () in his pocket.
Li, born in 1955, joined the Communist Party of China (CPC) in 1976 and graduated from Peking University with law and economics degrees.
Li said China will open more sectors and improve the process of opening-up. The country will continue to promote opening-up based on flows of goods and factors of production, and give greater emphasis to opening-up based on rules and related institutions, he said.