The challenges that China's new leadership faces in pushing for rising levels of innovation, entrepreneurship and skills will be the main discussion points this week at the New Champions summit in Dalian.
Former UK PM Gordon Brown said that China's degree of success will determine global growth, and determine whether the 21st century would be the Asian century.
Experts discuss Chinese premier's economic plan
Premier Li used the unique platform of the Summer Davos Forum to address three major issues on China's role in the global economy: growth, innovation and global governance.
The US' decision to block Sany Group's involvement in a wind farm project was "foolish" and blurred the picture of its open attitude toward Chinese investment.
Video: Premier Li delivers keynote speech at Summer Davos
Chinese Premier Li Keqiang on Wednesday delivered a speech at the opening ceremony of the seventh Annual Meeting of the New Champions, also known as the Summer Davos Forum.
The Annual Meeting of the New Champions 2013, also known as Summer Davos, opened Wednesday in Dalian. 
Li vows to provide more jobs
Chinese Premier Li Keqiang on Wednesday called for more communication and coordination between China and Britain on international and regional affairs.
China must push forward economic transformation and structural reform to achieve sustainable and healthy growth, Premier Li said.
Li holds meetings with world leaders
Growth range leaves leeway for reforms
Comment: New growth foundation
Chinese Premier Li Keqiang on Wednesday called for more communication and coordination between China and Britain on international and regional affairs.
Premier Li Keqiang reassured the world about the national economy's health, saying the country will reach its target of 7.5 percent growth this year despite the complex world's economic situation.
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