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Chinese premier stresses reform amid efforts to stabilize economy

(Xinhua)    07:49, March 28, 2014
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Chinese Premier Li Keqiang (2nd L) presides over a seminar on economic development in some provinces, in northeast China's Liaoning Province, March 26, 2014. (Xinhua/Huang Jingwen)

SHENYANG, March 27 -- Chinese Premier Li Keqiang has urged deepening reforms and economic restructuring so as to maintain the country's economy to grow at a reasonable pace.

Li made the remarks on Wednesday while presiding over a seminar on economic development in some provinces. The seminar, held in Liaoning Province, was attended by top officials from Liaoning, Zhejiang, Anhui and Guangdong provinces and Chongqing Municipality.

Li said reform is a crucial move in promoting development as it can stimulate the creativity of hundreds of millions of people.

Relevant authorities of the State Council, or the Cabinet, should further transform government functions, while local governments of all levels should study and explore the mode of negative-list management so as to loosen the control over the market, the premier said.

It is a basic requirement of macro-control to keep the