11 new signals from the premier's press conference

5. "Major economies are paying more attention to growth and employment"

Premier Li noted that the G20 has recently linked growth with employment. He said it was one of the examples in which a Chinese "old topic" has arisen to claim global importance.

China has continued to develop industry and urbanization. In this process, growth is evidence of better employment. But in the G7, whose economies are highly virtual, the link between growth and employment is not as strong.

By linking growth and employment, the G20 sends a signal of encouraging investment to seek growth. China's practice is becoming a global trend.

6. Reiterating "streamlining administration and decentralizing power"

Streamlining administration and decentralizing power is vital to stimulating market vitality and boosting the creativity of society.

China is aiming to shape a modernized market system, where market players are given more liberty. The rule of law is the key to dealing with government-market relations, and allowing the market to play a larger role. That is to say, companies can do whatever the law does not prohibit. By contrast, the government can only do whatever the law allows. This is the only way to motivate the entire country.

7. "Supporting Hong Kong to maintain and raise its central role in international finance, trade and shipping"

Hong Kong is the only free port in China. It plays an irreplaceable role in international finance, trade, and shipping, and is also the largest offshore RMB business center. As China seeks more international business cooperation, Hong Kong is consolidating its central position.

As long as Hong Kong shows a kinship to the mainland, and can maintain steady growth, it is bound to play a larger role in China's development.

8. In order to reform, one has to "lead the ox by the halter."

Premier Li stressed that in reform, one has to "lead the ox by the halter," which means "to fulfill something, one has to grasp its essence."

This concept is different from the previous notion that "in reform, a slight move in one area may affect the whole situation," which emphasizes the link between parts and the whole. But the "ox pulling" theory suggests that the government's role in the reforming process is to regulate the tempo.