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Third, China and India should expand cultural and people-to-people exchanges so as to promote mutual understanding, he said.

He stressed, however, that the Chinese government is resolutely opposed to and carries out crackdowns on organized transnational crimes including illegal migration, smuggling and human trafficking.

The Hurun Rich List is not only an indicator of China's economic might, but also demonstrates the evolution of China's social and political system, said Hoogewerf.

The premier made the remarks in meetings held last week to solicit opinions from representatives of different sectors of society on the draft of the government work report, which is to be delivered at the annual session of the National People's Congress, China's top legislative body, next month.

The government has repeatedly vowed to break the state monopoly and encourage private investors to participate in domains such as the railway and financial sectors -- a move aiming to push market-oriented reforms and tap inner growth potential.