China has reiterated its commitment to fostering a market-based and world-class business environment governed by a sound legal framework and pursuing high-standard opening-up, as the country prepares to celebrate National Day on Saturday.

Addressing a grand reception on Friday in Beijing hosted by the State Council in celebration of the 73rd anniversary of the founding of the People's Republic of China — which is on Oct 1 — attended by President Xi Jinping, other Chinese leaders and people from all walks of life, Premier Li Keqiang said China will deepen multilateral and bilateral business cooperation to keep China a favored destination for foreign investment and achieve win-win development.

Calling this year "a truly momentous one in the course of China's development", Li said the country made hard-won achievements in various endeavors, including the success of the Beijing 2022 Olympic and Paralympic Winter Games, in the face of complex and challenging developments both within and outside China.