Efforts to streamline government administration, transform government functions and boost efficiency will be redoubled to spur economic vitality and attract overseas investment, Premier Li Keqiang said on Monday in Beijing.

The streamlining drive is aimed at meeting the requirements for another round of opening-up and at improving China's global competitiveness, Li told a national teleconference.

"We used to rely on our demographic dividend, but today such a dividend is diminishing," he said.