Chinese Premier Li Keqiang stressed tax and fee cuts and the improvement of financial services to alleviate burdens on companies and promote their healthy development.

Li made the remarks during his tour in east China’s Shandong province from Friday to Saturday.

He underscored the importance of tax cuts and fee reductions, as they are key to coping with current downward economic pressures and can benefit the economy in the long-run.

In Weichai Group, a leading machinery manufacturer, Li encouraged the staff to strengthen innovation and international cooperation. He also called for craftsman’s spirit to produce more competitive, highly reliable products.