"Second, we should promote more open market," Li said. The international community should firmly fight protectionist practices, translate commitments into real actions and continue to advance trade and investment liberalization and facilitation, he added.

"Third, we should promote balanced development of the world," said Li. Efforts should be made to strengthen South-South cooperation and North-South cooperation, improve international mechanisms to promote balanced development, scale up assistance to developing countries and realize the UN Millennium Development Goals on schedule so as to deliver the benefits of development to people in all countries.

"Fourth, we should jointly tackle major challenges. This is our urgent task if we want to ensure sound recovery and sustained development of the world economy," he said.

The international community should coordinate actions to meet global challenges like climate change, energy security, food security, public health security and major natural disasters, he said.

"Fifth, we should improve the structure of global governance," Li said. It is universally recognized that there is a need to improve current structures and develop a more fair and efficient structure of global governance that reflects changes in the global political and economic landscape.

The principle of equal participation and inclusive cooperation should be followed in improving global governance. It is imperative to raise the voice and representation of developing countries, said Li.

A country's right to choose its own development model should be respected, and the primary role of the United Nations and relevant agencies and the constructive role of the Group of 20 should be given a better play, he said.