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A people-centered approach must be taken, Xi said, noting that the fundamental goal of promoting law-based governance is to protect the people's rights and interests. People's happy life must be guaranteed by the rule of law, he added.

Premier Li met with the press with the leaders of the six major international economic institutions after the Roundtable.

BEIJING, Nov. 22 (Xinhua) -- Chinese Premier Li Keqiang has underscored policy continuity, effectiveness and sustainability to spur greater vitality among market entities, promote stable economic recovery and sustained growth, as well as constantly improve people's livelihoods.

It added that the legitimate rights and interests of citizens, legal persons and organizations will be effectively safeguarded, and the rule of law in social governance be strengthened by 2025.

The meeting also adopted draft revisions of the Regulation on Business Name Registration and Administration, to refine basic norms and put in place an application system for corporate names where applicants can choose a corporate name that meets the requirements and pledge to bear legal responsibilities for any name infringements.