China to strengthen economic globalization

In a nutshell, the answer to all the questions you asked is that China's guiding principle is clear: we will keep to reform and opening-up, and foster a world-class, market-oriented business environment governed by a sound legal framework. Yet, given the varying realities across the country, you may encounter problems of one kind or another. We do not deny this, and will work actively to resolve problems, including the difficulties private companies face in their development as mentioned before. I am confident that when we face difficulties squarely as they arise and keep working to tackle them, the fundamentals of China's economy will remain sound and continue to improve, though challenges would invariably arise along the way.

I agree with what you said that educational development is of fundamental importance. China is a big market of nearly 1.4 billion people for all to see, yet the resilience of the country's development lies in the current 170-million-plus people who have received higher education or vocational education. If China's average years of schooling of 10.5 years were to rise by one or two years, and if our population who has received higher education or vocational training would exceed 200 or even 300 million, that would mean immeasurable creativity and enormous market potential. Furthermore, this will contribute to fairer competition between Chinese and foreign companies and hence reinforce the development opportunities for all countries involved. Thank you.

Klaus Schwab: Thank you so much Mr. Premier. Our business leaders here know how difficult it is to manage a company. Now just imagine to manage an economy with all its impact on society and on employment particularly. And then imagine to manage an economy of 1.4 billion people, and then imagine an economy where you have sometimes headwinds and disruptive surprises in the global environment. But I think your speech this morning and your very detailed, comprehensive responses to the questions raised, sometimes difficult questions, have shown us that the economy is in good hands, you have a good roadmap, and we can have confidence into the future of China. All our best wishes accompany you in your very difficult, challenging but very, very important task, not only for China but for the world.

Premier Li: Thank you, Mr. Schwab. All foreign friends present both from the business and academic communities are welcome to involve yourselves more deeply in China's reform, opening-up and modernization process. We face the future with optimism, yet also confront challenges and difficulties squarely. We are for inclusive development and win-win. This is for China, and also for the world.