He also said that China will encourage innovation among entrepreneurs and scientific and technical personnel, foster new drivers, push forward the high-quality development of the economy, promote international cooperation under the Belt and Road Initiative and improve people's livelihood.
Li summarized major progress in various reforms, economic restructuring, opening-up, international cooperation, people's wellbeing and social stability.
"China has handled new challenges at home and abroad with composure and concentrated its efforts in addressing domestic affairs, enhancing the endogenous dynamic of economic development, defusing risks with multiple measures, and keeping its economy operating within a reasonable range," he said.
Li reiterated the policies of "one country, two systems," "the people of Hong Kong governing Hong Kong," "the people of Macao governing Macao," and a high degree of autonomy for both regions, and the need to deepen exchanges between the mainland and Hong Kong and Macao regions for common prosperity and development.
"We will continue to uphold the one-China principle and the 1992 Consensus, safeguard national sovereignty and territorial integrity, and absolutely not tolerate any 'Taiwan independence' attempts and activities," said Li.
China will unswervingly stick to the road of peaceful development, work with the international community on improving global governance, and promote the building of a community with a shared future for humanity, Li said.
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