TIANJIN - China will continue opening up its service and general manufacturing sectors and keepthe renminbi generally stable within a reasonable and proper range, Chinese Premier Li Keqiangsaid Monday.

　　China will open wider to the outside world, improve its open economy, further open up the serviceand general manufacturing sectors and build a fairer, more transparent and predicableinvestment environment for foreign investors, Premier Li said while addressing the openingceremony of the Annual Meeting of the New Champions 2016, or Summer Davos.

　　China will give equal treatment to domestic and foreign businesses alike, Li added.

　　China will maintain a managed floating foreign exchange mechanism that is market-based andadjusted in reference with a basket of currencies, Li said, adding that Chinese economicfundamentals eliminate the possibility of long-term yuan devaluation.