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Li made the remarks when meeting with European Commission President Jean-Claude Junker on Friday in Brussels, Belgium, on the sidelines of the 12th Asia-Europe Meeting summit.

Li urged authorities to explore more steps to promote the recovery of consumer spending with normalized epidemic containment measures in place and to enable consumption to play a more important role in driving economic growth.

Like the varied estimates, perceptions among people in countries are quite different. A Pew Research Center survey released last Thursday shows that across 38 nations polled, a median of 42 percent say the US is the world's leading economy, while 32 percent name China.

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Li made the remarks during a forum on smart manufacturing in the steel industry, in Xingtai city, Hebei province.

Li: Stabilizing fundamentals in foreign trade, investment sector of paramount importance 

Li said related departments are now making corrections based on the audit results.

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Li said such public buildings are major representatives of a city's image and they should boast each city's characteristics. Currently in China, however, like residential buildings, these facilities fail to manifest local features, he said.

Like Granados, he believes China will continue to be an engine of global growth in the coming years, despite more moderate growth at home.

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Libor is the most widely used benchmark that emerged in the late 1960s to support the burgeoning syndicated loan market. It is formed by collecting interbank offered rate quotes from a panel of banks, which reflects the pricing level at which banks could borrow funds from each other.

Liao Junxia, a PE fund of funds partner at CreditEase, a Beijing-headquartered fintech company, said: "The STAR Market will add an exit channel for VC and PE firms, which is expected to improve their efficiency."