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China is ready to push forward with institutional reforms and tap market potential through innovation and entrepreneurship to seize opportunities brought by the latest round of global technological and industrial revolution, Premier Li Keqiang said on Monday.

China is currently in the process of rapidly expanding its urban population from 60 percent of the nation's total to 70 percent. The home prices appear overheated in certain regions, and hence the impact of the industry on the Chinese economy may get distorted, further complicating the big picture.

China has upgraded its average broadband speed up to 49 Mbps and will eliminate charges for domestic roaming and long-distance calls this year.

China is due for an eight-day national holiday this year, starting on Oct 1.

China is making more friends with the construction of the Belt and Road, and the country stands ready to work with related countries to bring our cooperation to a new level, he added.