China to provide strong dynamism to world economic recovery, growth: premier

TIANJIN, June 27 (Xinhua) -- In the longer term, China will continue to provide strong dynamism to the world's economic recovery and growth, Chinese Premier Li Qiang said Tuesday.

China is still the world's largest developing country, with a population of over 1.4 billion, Li said when addressing the opening of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in north China's Tianjin Municipality.

"Our development remains unbalanced and inadequate. Yet such a situation is also where China's development potential and space lie," Li said.

China is acting on the new development philosophy, fostering a new development paradigm at a faster pace, and working hard to achieve high-quality development, the premier added.