Li pledges to improve business climate

Premier Li Keqiang reaffirmed China's commitment to improving its business environment by deepening reforms to streamline administration and carrying out large-scale tax cuts and fee reductions.

Li said in a meeting on Tuesday with World Bank President David Malpass that the country will bring its business environment more in line with market principles, international standards and the rule of law as part of efforts to promote high-quality development.

He noted China's cooperation with the World Bank, which is in keeping with its steps in reform and opening-up and benefited the country's growth. The global landscape is complex and fluid, and the Chinese economy is facing various risks and challenges, he said.