Chinese economy not to suffer hard landing: Li

Chinese Premier Li Keqiang said Wednesday that the world's second largest economy is not heading for a hard landing.

China is going to loosen government regulation and encourage mass innovation to achieve higher-quality development, Li said in a keynote speech at the World Economic Forum (WEF) annual meeting.

Li arrived at Davos Tuesday for the WEF gathering in this ski resort and a working visit to Switzerland.

This year's WEF winter meeting, which opened Wednesday, will run till Saturday under the overarching theme "The New Global Context."

Over 2,500 participants from across the world are expected to attend the event and exchange views on a wide range of issues, including the global economy, environmental protection and non-conventional security.

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