Li, born in 1955, successively held many leading posts in Tianjin's Jinnan district before retirement in March 2018.
Li said during the King's successful visit to China last year, the two heads of state made strategic plans for the development of bilateral relations in the new era. As this year marks the 65th anniversary of the establishment of diplomatic relations between China and Norway, the two sides are expected to seize the opportunity to cement friendship and expand cooperation on the basis of mutual respect and treating each other equally, so as to realize better development of bilateral relations.
Li gave high marks to the pilot zone's development over the past five years and called for maintaining concerted efforts to optimize the business environment and reduce institutional costs to build "an upgraded version" of the pilot free trade zone.
Li said many foreign cities including London have confronted similar problems in reducing vehicle pollution and some have adopted financial methods to cope, such as the congestion charges in downtown Paris and London.
Liew of MainSpring Technology, agreed with Lei on tapping local talent in Southeast Asia and suggested that companies work out a win-win model based on pooling of capital and technology and a joint understanding of market demands to avoid mistakes that global technology multinational companies have made in China.
Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee made the remarks at the cabinet's first meeting on clean governance.
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Li said that part of the problem for graduates is that most don't have a clear idea about their ideal jobs. Further, their skills or qualifications may not be sufficient for certain positions.
Liang Hong, chief economist of the China International Capital Corp Ltd, said that investors were panic selling on Tuesday because of the trade war initiated by the US and also due to China's deleveraging moves.
Li said China stands ready to work with Singapore to maintain close high-level exchanges, better integrate the Belt and Road Initiative with Singapore's development strategy and deepen bilateral cooperation on the New International Land-Sea Trade Corridor and in areas such as third-party markets, trade and investment, finance and smart city.
Li made the remark at a State Council seminar that was attended by economists and business representatives at the Zhongnanhai compound in Beijing. The seminar aimed to analyze China's current development and seek policy recommendations on the country's economic strategy for the coming year.