Chinese Premier Li Keqiang meets with representatives from founding member countries before the founding conference of the Asian Infrastructure Investment Bank (AIIB) council in Beijing, capital of China, Jan 16, 2016. [Photo/Xinhua]

Employment is good, and incomes for urban and rural households is growing steadily, he said, adding that there are positive changes in the economic structure, too. The services sector already accounts for half of China's GDP, consumption contributes to nearly 60 percent of economic growth, and there is an upsurge in new technologies, products, business forms and models, he said.

Li said the Chinese economy is highly resilient and has considerable space for readjustment. China will endeavor to seize opportunities while handling the challenges.

He also promised that strong efforts will be made to advance structural reform, implement the innovation-driven development strategy, promote mass entrepreneurship and innovation, and develop new drivers of development while improving and upgrading traditional advantages.

In the future, China's economic growth will depend less on natural resources and more on human resources, he said, pointing out that the nation has 1.3 billion people and a workforce of 900 people, including 150 million skilled professionals.

China has the capacity to maintain medium to high growth and achieve a medium-to-high level of development, which will bring more opportunities to the global economy, he added.

CHINA DAILY