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China has launched various people-to-people exchange events with a number of countries, such as the China-U.S. Tourism Year; the China-Russia Media Exchange year; "the Year of Languages" program between China and Germany; and China-India Tourism Year. These colorful events play an important role in enhancing mutual understanding and friendship.
We need to advance structural reform, in particular that on the supply side. The structural problems facing the Chinese economy are about both the supply and demand sides, especially the supply side. We need to advance structural adjustment through reform, reduce inefficient and low-end supply, and expand effective and medium- to high-end supply. This is conducive to economic transformation as well as growth. A major task for us is to phase out outdated production capacity and address overcapacity, especially in steel, coal and other sectors that face difficulty in operation. Initial progress has been made in recent years, as is shown in the lowering production of raw coal and crude steel, but our efforts must well continue. We will adopt a market-based and rules-based approach and apply strict standards in environmental protection, quality and safety. The biggest challenge is how to address possible layoffs in this process. Businesses need to take multiple measures to ensure that their employees will get reemployed. Both the central and local governments should provide necessary support to take care of the affected employees. Overcapacity is a global challenge. The fact that we have taken the initiative to cut overcapacity demonstrates that China is indeed a responsible country.
Li will attend the 11th ASEM summit in Mongolian capital Ulan Bator from July 15 to 16, after an official visit to the country from July 13 to 14.
"We will take more measures to expand opening up and create an equal, transparent and attractive investment environment for investors from home and abroad, including German businesses," the premier said.
At the opening ceremony, Wanda's chairman Wang Jianlin said Wanda hopes to have influence and a voice in the culture, tourism and entertainment industries and Nanchang's Wanda City is the first step towards that goal.
来源：资阳报