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China has set a 1-trillion-U.S. dollar target for its trade with ASEAN member countries by 2020, while two-way trade volume between the country and Russia is expected to rise to 200 billion dollars in the next seven years.

On regional cooperation, Xi called on China and ASEAN members to deepen cooperation, push forward regional economic integration and create favorable conditions for development.

A senior expert of the U.S. Heritage Foundation said the Chinese government is trying to have the market force play a greater role, and the effects of relevant policies could be examined and reviewed in the new round of development in the inland areas of the country.

Former World Bank chief economist Justin Yifu Lin said the move would help clear distortions and bottlenecks in the economy, and boost development through comparative advantage.

Li admitted that some pollution problems in China were a result of extensive development. However, the government will speed up the elimination of outdated production capacities and work harder to develop resource-saving and environmental protection sectors.