Li says institutional reforms are ahead

China is ready to push forward with institutional reforms and tap market potential through innovation and entrepreneurship to seize opportunities brought by the latest round of global technological and industrial revolution, Premier Li Keqiang said on Monday.

Li made the remark in a meeting with Klaus Schwab, founder and executive chairman of the World Economic Forum in Dalian, and other representatves, a day ahead of the event's opening.

During the talk, Li and Schwab recalled their first meeting in Dalian 12 years ago.