Premier Li Keqiang said that stable macroeconomic policies will boost the structural transformations and domestic demands, and that are now pillars of China's economy.

"It surprised many foreign leaders that China's GDP increased by 6.7 percent year-on-year in the first quarter," Li said.

Five speakers at the meeting agreed that consumption and the service sector have become important areas for growth. However, they also said that periodic and structural conflicts still exist and require a balance between economic growth and restructuring.

"Amid a sluggish world economy and global demand, domestic reforms and restructuring must keep the growth rate within a reasonable range, even though downward pressure still exists," the premier said.

Li expressed confidence in steady and healthy economic growth by promoting restructuring and keeping a sober mind about difficulties amid complex international and domestic conditions.

The premier said innovations must be promoted to boost market vitality. Meanwhile, potential must be unleashed for urbanization to enhance demand and strengthen infrastructure, such as flood control facilities, as well as fortifying the country's social security systems.

Li said new economic dynamics have supported employment by creating more jobs.

The first half-year saw 7.17 million new jobs created in urban areas, according to the Ministry of Human Resources and Social Security.

"The premier's remarks gave our company more confidence to focus on new business opportunities," chairman of the board of Shenyang Machinery Tool Co Guan Xiyou said.