Chinese Premier Li Keqiang on Monday encouraged enterprises to push forward reform and innovate to counteract the economic slowdown.
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He said enterprises should, instead of having a wait-and-see attitude, take bold action to seize the opportunity by adopting new technologies and transforming their business models, thus improving competitiveness and surviving.
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Li was speaking at a symposium attended by the country's leading businessmen from sectors including foreign trade, construction, finance and the Internet.
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China's business environment keeps improving as the economy has gathered steam in the end of the first half. Industrial businesses saw their profits rising in the first five months.
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Li said the government will continue to cut the burdens on enterprises by simplifying administrative procedures and reducing transaction and financing costs.
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Li said he is confident that Chinese economy will keep growing at a moderately rapid pace and in a sustainable and healthy manner.
China's economic growth slipped to the lowest quarterly expansion in the Jan-March period since the third quarter of 2012, but indicators have shown the economy is gradually gaining strength.Â