On reforms

Li said China will pursue economic transformation to make full use of fiscal, financial, pricing and other policy instruments, and it will pursue the reform of budget system to make it more open, transparent and inclusive, which will allow the people to better supervise financial revenue and expenditure, and tilt government spending to areas that will benefit the people.

Li said that his government will improve people’s well-being, promote social fairness and to do that we will encounter the income distribution system.

The premier also said that in pursuing reform China need to focus on the key areas and ensure overall coordination so as to make it clear the goal of socialism with Chinese characteristics.