China's Premier Li Keqiang waves to reporters as he leaves a press conference after the closing session of the National People's Congress at the Great Hall of the People in Beijing on March 20, 2018. Pic/ AFP

China will gradually relax and even scrap foreign-owned equity limits in some sectors, Chinese Premier Li Keqiang said today, promising a level playing field for domestic and foreign investors in the world's second largest economy. The Chinese economy is so integrated into the global economy that closing the doors would only block China's own way, he said, after the conclusion of the annual legislative session. Li, 62, was re-elected last Sunday for a second five-year tenure by China's rubber-stamp parliament.