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He made the remarks at a press conference with European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso after they held the 14th China-EU leaders' meeting.
Li made the statement while addressing a UN Security Council open debate on Middle East.
The country supplies more than 90 percent of rare earth products on the global market, but its reserves only account for about one-third of the world's total. Disorderly mining of rare earths has been blamed for environmental damage in rare-earth-rich regions across China.
Chinese entrepreneurs are becoming more and more mature and confident. They are daring to join the global market competition, and emerging in the "global wealth Olympics," he added.
According to Hu, the country has become a major industrialized nation following the reform and opening-up policy initiated more than 30 years ago; however, mounting pressure on resources and the environment, a lack of core technology, as well as imbalanced regional development could impede healthy industrial growth and bring risks to the economy.
来源：资阳报