DALIAN, June 25 -- The Chinese market is an open and massive market, Chinese Premier Li Qiang said Tuesday at Summer Davos, promising to further optimize the business environment.

Li made the remarks when addressing the opening plenary of the 15th Annual Meeting of the New Champions, also known as the Summer Davos, in northeast China's coastal city of Dalian.

In the Chinese market, multinational corporations and local enterprises compete and collaborate on a level playing field, becoming key drivers in the creation and growth of emerging industries, Li said.

"China is exerting efforts in building a market-oriented, law-based and internationalized business environment," Li said, adding that China is also eliminating unreasonable regulations that restrict market access and fair competition.

"We will promote the aggregation of various innovative elements to enterprises and vigorously encourage the outstanding entrepreneurship, to fully unleash the innovative potential of enterprises," he noted.