Premier sets high prospects for China's economy

The Chinese economy will remain in good condition for the long term, Premier Li Keqiang said on Saturday at the opening ceremony of the eighth China-Central and Eastern European Countries Economic and Trade Forum in Sofia, Bulgaria.

Over the past five years, China's economic growth has kept increasing at 7 percent on average per year, contributing more than 30 percent of the growth of the world economy, he said. China's GDP grew by 6.8 percent in the first quarter and is on a faster pace for high-quality development, he said, adding that the country can keep good momentum.

China is determined to conduct market-oriented reforms, Li said. The Chinese government will make more pragmatic moves in deepening reforms with stronger determination and strength, transform functions of the government, and strengthen intellectual property rights protection and market regulation to build a globally-competitive business environment, he said.

The premier said China will be committed to further opening-up. Opening-up measures will not be altered, despite external changes, and will bring huge market opportunities for countries including the Central and Eastern European nations, he said.