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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 has reported more than 40 outbreaks of the highly contagious disease in 11 provinces and municipalities, culling an estimated 200,000 pigs.

China has thousands of SOEs and more than 100 are directly administered by the central authority. These enterprises are the backbone of the economy, but their monopolies in many areas, unchecked spending and inefficiency are often the source of public complaints.

China is accelerating approval of infrastructure projects to stabilize investment and bolster the economy.

China is mulling to set up a financial court in Shanghai to effectively handle a rise of disputes and to provide a better business environment for investors from home and abroad, a draft said.