Economic growth beat the government's target last year, good news for policymakers looking to reduce leverage in the economy, curb risks in the financial system, and contain pollution that has plagued the country following years of runaway development.
At a plenary meeting of the State Council, or Cabinet, on Monday, where a draft version of the government work report was approved, Li also said China should stick to supply-side reforms this year even as it makes efforts to secure good growth prospects.
In Li's report, due out at the opening of the annual meeting of parliament in March, the government is expected to set its economic targets for this year.
Gross domestic product (GDP) grew 6.9 per cent last year, beating the government's target of around 6.5 per cent.
In its plan for 2016-2020, the government aims to achieve average annual GDP growth at or above 6.5 per cent, add at least 50 million urban jobs, and cut energy intensity by 15 per cent, among other goals.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Follow NDTV for latest election news and live coverage of assembly elections 2019 in Maharashtra and Haryana.
Subscribe to our YouTube channel, like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.