Liberalization measures include removing or relaxing restrictions on equity shareholding, capital requirements and business scope in the establishment of enterprises. The qualification requirements for Hong Kong professionals to deliver services on the mainland are being relaxed. It also loosens quantitative and other restrictions for Hong Kong's exports of services to the mainland market.
Like many of Korea's family-owned conglomerates, or chaebol, Hyundai Group is deeply invested in vertical integration, with affiliates making key parts and even steel.
Li said China will continue to import agricultural products, including fruit and rice, from the five Mekong countries.
Li reiterated China's support for the European integration process. As a comprehensive strategic partner of the European Union (EU), China is ready to see a solidary, prosperous and stable Europe as it will be conducive to the world multipolarization and economic globalization, Li told German Chancellor Angela Merkel in Berlin.
Lin Guangji, president of Fujian Provincial Association on Ocean and Fishery Economy, said stricter supervision over the deep-sea fishing industry is necessary to ensure safety and legal operation.
Li underscored the importance of ensuring safe conditions along rivers of all sizes and at key reservoirs, adding that key river sections must be kept under close watch 24 hours a day. Authorities must also scale up measures to guard against disasters such as landslides and mudslides, he said.
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Li said that reducing the three tax rate brackets to two in one go was a hugely challenging job, as reforms are normally pursued step by step. Yet the goal was not beyond reach.
Lian Weiliang, vice-director of the National Development and Reform Commission, the country's top economic regulator, said on Friday that efforts will be made to ensure that the laws and regulations are followed, including those dealing with credit information records, black list of bad faith acts, and the punishment measures.
Li has been helping to lift the price of Moutai from the second half of 2016 and to stabilize it during this year's Spring Festival.
Lin Songtian, Chinese ambassador to South Africa, said the event was key in building the relationship between the two countries and also gave an opportunity to local people to learn about Chinese culture.