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Li said despite being the third country that has successfully commercialized shale gas and the sector might become a growing factor, China is currently far inferior to the US in shale gas commercialization mostly due to technological challenges.

Li, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks during an inspection tour in Central China's Henan province from Tuesday to Wednesday.

Li made the remarks when meeting with Greek Prime Minister Alexis Tsipras on Friday on the sidelines of the 12th Asia-Europe Meeting summit in Brussels, Belgium.

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Li noted that the progress will help ensure more consensus to be reached at the upcoming RCEP ministerial conference scheduled for Aug 2 and 3 in Beijing.

Liao Yuanyuan, deputy head of the financial innovation supervision department of the China Banking and Insurance Regulatory Commission, said as risks associated with debt-to-equity swaps are relatively high, the regulator has raised the standards for qualified investors at the early stage of development of this business to control risks effectively.

Li lauded the efforts made by the 48 Group Club in enhancing the China-UK friendship and said he hopes the organization will continue to carry forward the spirit of the "icebreaking trip" and make greater contributions to the deepening of friendship between the two peoples.

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Liao Junxia, partner of PE fund of funds at CreditEase, a Beijing-headquartered fintech company, said China's PE/VC industry has entered a phase of high-quality growth.

Likewise, the beauty of symphony comes from a harmonious blend of tones and rhythms created by dozens of musical instruments.

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Like Rinmo, hundreds of thousands of people in Tibet used to live in rugged mountainous or remote areas with poor infrastructure and living conditions.

Likewise, for someone coming from Seattle’s crazy housing market, where the median home price just surpassed 0,000, D.C.’s 0,000 median price seems almost reasonable.