China’s premier denies Beijing tells companies to spy

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China and the united states have become closely intertwined through years of development and cooperation, it is neither realistic nor possible to decouple the two economies, he said.

"I don't know if you are referring to the governments or individuals of other countries, but let me tell you explicitly that this is not consistent with Chinese law".

Li also said China can use such tools as the reserve requirement ratio of banks and interest rates to support the economy.

"We hope that the consultations will be fruitful and will achieve mutual benefit and win-win".

Chinese Premier Li Keqiang said Friday the country will ensure the creation of more than 11 million new urban jobs this year. But President Xi Jinping did not rule out the use of force during a January speech on cross-strait relations. Earlier this month, a hike in tariffs was put on hold because of promising progress, but US officials have recently noted that "major issues" remain.

As working-level and ministerial-level talks continue, Washington said late last month that it has extended the March 1 deadline, but the world's two biggest economies have remained at odds over what Washington calls Beijing's "unfair" trade practices.

China's new foreign investment law, which was first tabled for reading last December, states in broad terms that foreign firms will receive the same treatment as local ones when it comes to government procurement, and that the authorities will not force technology transfer in exchange for access to China's markets.

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As for growing fears about spying activities by Chinese companies, Li dismissed them, saying that is "not the Chinese way".

Her father is the company's founder, Ren Zhengfei, a former engineer in the People's Liberation Army.

"The Chinese economy has indeed encountered new downward pressure", Li said, adding Beijing will take steps to invigorate its market that contains over 100 million households. He said China is ready to cut cooperate taxes and ease monetary policy further.

Li said the downward adjustment of the GDP growth target was made against the backdrop of a slowing global economy, as several worldwide organisations have recently lowered their forecasts for global growth this year.

Li's comments suggest Beijing will roll out more stimulus measures to ease the strain on businesses and consumers.

Despite twists and turns, Li said the overall relationship between China and the United States will forge ahead, as their shared interests far outweigh differences.

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