Wen vows to boost ODI, foreign trade

China will further advance its reform and opening-up policy this year by encouraging companies to go abroad and by ensuring there are more opportunities for private companies.

"Reform and opening-up is the right choice and could determine China's future and destiny," said Premier Wen Jiabao in his annual work report to the National People's Congress on Monday.

"The nation will advance economic and political reforms by showing more determination and more courage."