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As for the financial sector, Li said China will continue to develop its capital market and enhance supervision to prevent systemic, regional risks.

The rainfall in Wuhan city has exceeded 600mm in one week, leading to rapid rise of water levels of the Yangtze River and Han River, both of which have passed the warning line. The non-stop torrential rains have caused piping in one section of the main embankment in the city along the Yangtze River. Premier Li went to the site and inquired about the situation on the ground from soldiers of the People's Liberation Army, armed police, water conservancy workers and other personnel fighting on the front line and asked them whether there exist fresh risks in the surrounding areas. Premier Li said that taking care of a densely-populated area means heavy responsibilities. Although the embankment is much more solid than before, we still should not drop our alert. Even one ant hole may cause the collapse of a solid dyke. This piping incident is a cause of alarm for us. We are in a critical period for flood control. It is imperative to fill up all loopholes and guard against invisible perils, cement the embankment and gather useful experience. We need to remove all hidden dangers and ensure the safety of the people.

But China opposes abuse of trade remedy measures, Zhu said Thursday, adding that both parties should abide by WTO rules and hold dialogues to solve trade disputes.

At Tianjin Optical Electrical Group Co., Ltd., the premier commended the company's efforts in pursuing innovation-driven development, boosting innovation and entrepreneurship as well as facilitating commercialization of scientific and technological achievements.

The two sides also exchanged views on other issues of shared interest.