Looking forward, he said economic development should be China's central mission.
Efforts should be made to maintain medium- to high-speed economic growth while elevating its innovative capacities and developing medium and high-end sectors, Li said.
Authorities should work to increase people's incomes, and boost social welfare, enhance environmental protection and food safety, to boost the Chinese public's senses of accomplishment, satisfaction and security, and lift more people from poverty.
They must also comprehensively promote the rule of law, and create a level playing field to allow for equal competition among all market entities, and provide equal and accessible public services for all, Li said.
"We must further open up, promote the Belt and Road initiative and facilitate international production capacity cooperation," the premier said.
Li went on to say that the Chinese government will remain faithful to the "one country, two systems" policy in Hong Kong and Macao affairs, and allow the two special administrative regions to play their roles in China's modernization.
Regarding ties across the Taiwan Strait, Li said the Chinese mainland will continue to uphold the one-China principle, adhere to the 1992 Consensus, and oppose all forms of "Taiwan independence," to protect and promote peaceful development of cross-Strait ties, he said.
"We will follow an independent foreign policy of peace, firmly protect our national core interests, and join forces with all other countries to forge a community of common destiny and interests," Li added, calling for stepped-up efforts to turn the Chinese dream of the great rejuvenation of the Chinese nation into reality.
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