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China decided not to announce a numeric growth target for this year, focusing, instead, on economic and social stability issues, such as ensuring no meltdown in employment, social welfare, and market entities. "This is a realistic choice given that the economy still faces major internal and external uncertainties," said Zhu Haibin, chief China economist with JPMorgan.

China has made remarkable progress in the 40 years since it adopted reform and opening-up, and has been the largest single contributor to the global economy since the 2008 global financial crisis, Singaporean Vice-Prime Minister Teo Chee Hean said before Li's speech.

China enacted its constitution in 1954. In 1982, the fifth session of the fifth National People's Congress adopted the present constitution, which has been amended in 1988, 1993, 1999 and 2004.

China has maintained prudent monetary policy since 2011. However, in practice the policy has been loosening slightly due to downward pressure on economic growth.

China has installed a sound legal system of protecting human rights and established the world's largest democratic election system at the primary level, Zhang said.