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Liabilities of securities institutions were 6.66 trillion yuan, up 17.8 percent year on year. Liabilities of insurance institutions were 19.41 trillion yuan, up 12.8 percent year on year.

Li said that in addition to the energy industry, up to 80 percent of the sorghum produced in Texas is exported to China for the manufacture of liquor.

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Li said China should promote transformation of foreign trade to improve quality, further expand imports of key technology, quality products and services to upgrade domestic industry.

Like most farmers in the village, Liu works in the city and returns to the farm during the cultivation season, saving only a limited amount of money each year.

Li made the remark while chairing a seminar on Monday afternoon at the Zhongnanhai leadership compound that solicited suggestions for the draft of this year's Government Work Report. He heard from seven representatives of academics as well as State-owned and private businesses.

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Libor is the most widely used benchmark that emerged in the late 1960s to support the burgeoning syndicated loan market. It is formed by collecting interbank offered rate quotes from a panel of banks, which reflects the pricing level at which banks could borrow funds from each other.

Li's teammate Wang Yihan agreed that playing hockey is good for them, both physically and mentally.

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Li said there is great potential for both countries to cooperate in economic and technological scenarios. China, with a huge market, can provide opportunities for Finland's technological innovation and will better protect intellectual property rights, which is in line with China's own transformation of its development model and also beneficial to learning advanced technologies and concepts, he said.

Lien witnessed its maiden flight. Lien and his team represented almost 1,000 Honeywell personnel around the world who had contributed to the C919 project.