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The comments came as China unexpectedly cut
interest rates for the first time in more than two years to help
support its economy, heading for its slowest expansion in 24
years.
With factory growth stalling and a decelerating property market
hurting demand for steel, cement and several other products,
Beijing is under pressure to drive new areas of growth.
China should help people to set up their own businesses and
speed up the development of new business models, Li said.
He encouraged Chinese manufacturers to expand overseas,
establish strong, world-renowned brands, and launch more
innovative "Created-in-China" products and services, the news
agency said.
He also urged policy efforts to aid small and mid-sized banks
and bolster the development of the Yangtze River economic belt,
which covers nine provinces and stretches from southwest Yunnan
province to Shanghai on the east coast.
Clean energy and modern farming are among the areas being
targeted for expansion in the zone.
(Reporting by Dominique Patton; Editing by Clarence Fernandez)
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