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He called for joint efforts to address overcapacity, seen in certain industries across the world, amid sluggish global economic recovery.

The China-EU trade disputes should be properly addressed via consultation and dialogue, said Li, adding that the issue of carrying out obligations should not be linked with other issues.

BEIJING, July 8 (Xinhua) -- Chinese Premier Li Keqiang met with United Nations Secretary-General Ban Ki-moon on Friday, voicing support for the work of the UN.

In 1626 AD, the region of today's Hermosa in the Philippine province of Bataan was facing a severe famine, but the then Manila government was unable to offer aid to the region. Local Catholics had to pray every day that Chinese merchant ships could come as annually scheduled to help them cope with the emergency. Shortly afterwards, when six Chinese ships fully loaded with rice arrived on Hermosa port from the South China Sea, the locals hailed the timely rescue as "a gift from God."

The law does not prohibit foreign institutions from practicing asset appraisal in China, Lai said, stressing that authorities should conduct necessary reviews when appraisal agencies are established by foreign nationals or institutions, and when foreign institutions provide appraisal services in fields pertinent to China's economic security.