While on an inspection tour in Shanghai on April 10-11, Premier Li called for further improvements in the business environment.
China’s retail sales of consumer goods grew 9.8 percent year on year to reach 9 trillion yuan (about $1.4 trillion) in the first quarter of 2018, official data showed on April 17.
Private investment in China picked up growth pace in the first quarter of this year, growing 8.9 percent year on year, official data showed on April 17.
China’s economy delivered a solid start to the year with above-target growth in the first quarter, demonstrating its resilience amid escalating trade tensions with the US.
The private sector has played a significant part in the long-term rapid development of the Chinese economy, the statistics authority said.
The liberalization of China’s financial service industry and capital market will draw more investment from overseas institutional investors, international financial experts said.