Premier Li stresses more targeted, effective economic policies

China will make economic policy and measures more targeted to cope with changes in the economy and press ahead with high-quality development, Premier Li Keqiang has said.

The economy held steady last year and posted better-than-expected results in not only solid growth but structural adjustment and quality improvement, Li said Monday at a meeting with experts and entrepreneurs.

But he still warned of challenges and risks. "With rising economic volume and further integration into the global economy, the Chinese economy has seen new characteristics and changes, and the complexity has also grown markedly."

Advancing high-quality development and creating a modern economic system require stronger ability to run the economy and for social governance, Li said, urging better understanding of the laws of economics and demanding more targeted measures.

The meeting was held to collect opinion on the annual government work report scheduled to be published in March.