Likewise, the initiative will propel the growth of the entire internet sector across Southeast Asia in three ways, Liew said.
Lia Zhu in San Francisco and Yinmeng Liu in Los Angeles contributed to this story.
Li leads State Council executive session that details measures during epidemic
Li made the remarks while meeting Dutch Prime Minister Mark Rutte, who is making his fourth visit to China since taking office.
Li is a long-standing observer of the economic scene in the region. He said local companies have vigorously promoted supply-side structural reform to adapt to the market, and governments have prioritized the work of improving the business environment.
Li said the central government will keep slashing the nontax burden on businesses and overhaul charges levied by the government.
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Li said rising infrastructure investment, automobile production and machinery manufacturing in the first half of the year will also likely expand steel consumption.
Li was found helping others gain profits and illegally receiving huge bribes by taking advantage of his positions, including head of Beijing's Chaoyang district, vice-mayor of Beijing and vice-chairman of the municipal committee of the CPPCC, Jilin prosecutors said.
Like many other countries, China is ramping up its data protection efforts through law enforcement, but there is still much to be done, such as rolling out more stringent rules for obtaining user consent and permission and also giving users to right to have information removed from online search results, Jiang said.
Li said migrants, especially older ones, are susceptible to unemployment and can remain jobless for an extended period of time, as was the case amid the domestic COVID-19 outbreak earlier this year.