Chinese Premier Li Keqiang (R) meets Saudi Arabia Prince Alwaleed bin Talal in Beijing on May 18, 2016. [Photo: Xinhua]

Chinese Premier Li Keqiang has said that China welcomes foreign investments, when meeting visiting Saudi Arabia Prince Alwaleed, the chairman of the Kingdom Holding Corporation chairman on Thursday.

Li Keqiang also promised fair competition among all market players, both domestic and overseas.

The premier assured that China's growing consumption power and accelerating transformation will likely create more opportunities for overseas businesses.