Liu made the remark late on Monday to an audience of over 200, including lords and members of parliament, during a celebration to mark the upcoming 20th anniversary of Hong Kong's return to China.
Lin Yuanjun contributed to this story.
Lin was the head teacher in his class and has been honored with the title of "excellent teacher".
Liu Meiying, spokeswoman of Beijing municipal government's commerce bureau, said the State Council has approved the measures the capital has proposed to further open the city's services industry to foreign capital in early November.
Liu says that "because academic performance is pretty much the only indicator of success, every parent disregards what the real strengths of their kids are. They just look at the test scores. They actually discourage the development of kids in any other direction other than the tests."
Liu said that due to the inertia of the conventional way of running businesses, many Chinese companies lack sustainability.
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Liu Zhihua contributed to the story.
Liu said the move will improve liquidity, and the high-quality investors will also help promote the internationalization of the domestic stock market.
Liu Xin, host of The Point on China Global Television Network [Photo/China Daily]
Lin said China has been South Africa's largest trading partner for nine straight years, and South Africa is also China's largest trading partner in Africa. Bilateral trade amounted to over billion in 2017, more than 26 times the value back in 1998.