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Premier Li meets business leaders attending Davos forum

Updated: Jun 28,2016 12:32 PM     Xinhua

Premier Li Keqiang meets with representatives of business leaders attending Summer Davos Forum in Tianjin on June 28. [Photo/Xinhua]

TIANJIN — China is committed to transforming its manufacturing sector by leveraging the latest technology to meet diverse demands, Premier Li Keqiang said on June 28.

“Manufacturing is the foundation of China’s development and the key for China’s manufacturing sector is to move up the value chain,” Premier Li said during a session with business executives at a meeting of the World Economic Forum in the northern Chinese city of Tianjin.

Manufacturing will have to become “smarter,” relying on technology such as the Internet, cloud computing and big data, and the sector must adjust to changes in market demands, like customization, he said.

Tailoring products and services will help companies appeal to China’s swelling middle classes, according to the Premier.