China will further open its door wider and deepen reforms, lower the threshold of market access, improve policy transparency and conduct equitable supervision, Premier Li Keqiang said at the opening ceremony of the annual meeting of New Champions in Tianjin, also known as Summer Davos, on Wednesday.

The business environment will be further optimized, providing equal treatment for domestic and foreign enterprises that are registered in China, in terms of administrative streamlining, tax and fee reduction, and fair and equitable supervision, he said.