Premier Li Keqiang met Klaus Schwab, founder and executive chairman of the World Economic Forum, in Beijing on June 17. [Photo/Xinhua]

Premier Li Keqiang met Klaus Schwab, founder and executive chairman of the World Economic Forum, in Beijing on June 17.

The Premier said the global economy is still in a period of deep adjustment and the road toward recovery is bumpy. Amid such a complex environment abroad and economic downward pressure domestically, China has pledged to deepen reforms to cut government power while stepping up service and supervision to exercise targeted macroeconomic control, encourage entrepreneurship, inspire market vitality and nurture new driving forces of the economy, he added.

Major economic indices for industrial output, investment, consumption, imports and exports have steadily picked up since May, while the momentum of job creation is also healthy.

China will continue to adjust its development model, restructure the economy and promote the quality of economic expansion to ensure that the economy maintains medium-to-high growth toward higher level, he said.

Premier Li said Dalian is poised to hold the upcoming annual meeting of the New Champions in September and China is willing to work with the World Economic Forum to chart a visionary and inclusive theme for this year’s meeting that promotes creativity and entrepreneurship.

A session themed to promote international industrial capacity cooperation and economic restructuring and upgrading will be held during the meeting to discuss how to pair China’s industrial capacity with the advanced technology and management experience of developed countries -- a combination that will benefit the need of infrastructure and industrialization in the developing markets as well as contribute to a global economic recovery.

The Premier said China is glad to see the World Economic Forum continue to blossom and is willing to player a bigger role in helping the world better understand China.

Schwab said Premier Li delivered an important speech in Davos in January, which helped the global community to regain trust in the potential of China. The World Economic Forum is preparing for the upcoming Davos summer forum, which will focus on innovation, entrepreneurship and creativity, a theme that matches China’s current development path. The World Economic Forum pays close attention to China’s role in global affairs and is ready to deepen cooperation with China, Schwab said.