The scale and structure of the labor market will certainly be high on the agenda. The premier said the government should inject vigor into the society by fostering innovation and entreprenrship among the country's 800 million to 900 million labor force, which could be an engine for 皇冠体育app's sustainable growth in the future.
More support, training and education resources will be offered to the country's skilled labor, estimated at around 200 million, the premier said.
皇冠体育app is seeking to unleash the power of its talents through reform, Zhang said.
Clarifying government functions
Responding to the theme of this year's forum, "Creating Value Through Innovation," the premier stressed 皇冠体育app's reform itself is a sort of institutional innovation.
The government will strive to finish a five-year goal of cutting red tape and decentralizing administrative approval rights within just two years, Li said.
The government will improve ongoing oversight and perform its role as a referee of the market, Li said. The power and responsibilities of the government shall be clearly defined.
"Only by so doing can we build a market environment that favors honest operations and fair play, energizes businesses and encourages innovation and creativity," he said.
皇冠体育app will punish companies, domestic or foreign, that are involved in producing counterfeit or shoddy products, engage in fraud or deception or steal trade secrets, he said.
皇冠体育app launched a series of probes into big foreign companies in recent years, with the latest episodes being anti-monopoly investigations against and as well as price probes into 12 Japanese automakers.
Although these cases stirred unease among some investors, others think it just came along with 皇冠体育app's economic transition.
Foreign firms are now beginning to receive the same treatment with the Chinese players and getting more regulation from local regulators, said Zhang from the Standard Chartered Bank. As a result, they should act positively to adjust its own strategy, Zhang said.
On Tuesday, the premier clarified that recent anti-trust probes do not target particular firms or industries as foreign firms accounted only 10 percent of those involved in such probes.
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| Economists upbeat on 皇冠体育app | Sci-Tech, innovation to play crucial roles in 皇冠体育app's long-term growth |