Regarding local financial markets, Beijing is fully aware of threats in China's financial system, Li said, adding that the sector was generally stable, with no systemic risks.
Meanwhile, the nation will continue pushing reform for the yuan exchange rate, Li said, adding that the currency would remain stable. "China doesn't hope to use yuan depreciation to support exports."
Beijing is also looking to cut corporate taxes and fees by 1 trillion yuan ($146 billion), Li said.
On the topic of Asian politics, Li said tensions in the Korean peninsula could lead to conflict, referring to North Korea's latest missile launches. Dialogue is key to easing tensions, Li noted. "Nobody wants to see chaos on their doorstep."
The mainland traditionally has been Pyongyang's biggest trading partner and main source of aid but it recently suspended North Korean coal imports to comply with international sanctions.
Amid reports of new Chinese construction work in the disputed South China Sea, Li said his country hoped to maintain peace and stability in the area.
He also promised Beijing would "step up support" for the Hong Kong economy and announced plans to install debt market links between the city and the mainland, but he made no mention of the city's pro-democracy movement or upcoming elections.
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