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The government's policies to subsidize small and micro enterprises which employ college graduates will be prolonged to the end of 2015 and technology firms can apply for no more than 2 million yuan (330,000 U.S. dollars) in loans with discounted interest, according to the statement.
"Li promised an array of changes in banking and finance that reform advocates say are essential to making the economy more efficient and productive," said the Associated Press in a piece titled "China Premier Promises to Advance Economy Reforms."
The China-Germany economic relationship now involves trade, investment and finance, Xi said, calling for in-depth cooperation in these areas.
Given that China spent 30 years to reach the level of urbanization that took Britain some 200 years and the United States 100 years, the future chapters of China' s urbanization story are also worth expecting.
The reform should ensure the Communist Party of China (CPC)'s absolute leadership over the military, Xi said.