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China will extend the second round of rural land contracts by another 30 years upon their expiration, Li said, stressing the role of reform and innovation in building powerful new growth drivers for rural development.

China's banking regulator greenlighted the establishment of branches of several overseas banks in its latest effort to open up financial sectors.

China will further ease the process of completing immovable property registrations to lessen paperwork burdens for businesses and individuals, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.

China will redouble its efforts to improve the quality of its products and services - as well as its capacity for innovation - to ensure healthy, stable economic growth in the coming year, Premier Li Keqiang said on Tuesday.

China willing to expand two-way opening-up, deepen win-win cooperation, premier says