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China has built the largest basic healthcare network in the world, covering 98 percent of the Chinese population, or more than 1.3 billion people, and is promoting successful practices, Li said.

In the past five years, the CPC Central Committee has formulated or revised nearly 80 Party regulations, accounting for more than 40 percent of existing regulations.

Thank you.

At the Yangling Area of China (Shaanxi) Pilot Free Trade Zone, Li spoke highly of the administrative reform carried out in the area, which allows people to apply for business licenses through WeChat, China's leading social media app.

While the central bank and financial regulators have identified major problems, including pseudo-banking and illegal fund-raising, China's financial risk is felt to be generally under control.