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The negative list approach should be expanded to financial services such as banks, securities, insurance and funding companies, so as to better manage foreign investment, Li was quoted as saying by a Thursday press release following his inspection of the Shanghai headquarters of the People's Bank of China on Wednesday.

BEIJING, Nov. 13 (Xinhua) -- China's stocks extended their fall on Friday despite strong performances of securities shares.

Earlier this week, Sobotka attended the fourth summit of China and Central and Eastern European (CEE) countries in east China's Suzhou city, where Li proposed to set up a multilateral financial firm between China and the 16 CEE countries.

As the overall strength of developing nations grows, China-Africa cooperation as well as South-South cooperation are set to play a bigger role in promoting the collective rise of developing countries and generating a solid, sustained and inclusive growth of the world economy.

Inclusiveness suggests an inclusive growth while investment indicates creating more jobs and boosting global trade and supporting innovation. Implementation refers to the successful practical steps to put summit decisions into effect.