Li vows financial opening, tax cuts

China will further open its financial sector, reduce taxes and fees, and better protect intellectual property rights, Premier Li Keqiang told business, financial and think tank leaders during Summer Davos Forum in Tianjin on Thursday.

Li addressed more than 200 representatives from these fields during the Annual Meeting of New Champions 2018, hosted by the World Economic Forum.

Regarding financial opening-up, Li said China is determined to further open its financial sector while maintaining financial stability.