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It is "by no means easy" to achieve this year's target of registering an economic growth at around 7 percent, as, with the expansion of the economy, a 7-percent increase in the Chinese economy is equivalent to the total size of a medium-sized economy, Li said at a press conference after the conclusion of China's annual parliamentary session.

Lawmakers approved the draft agenda of the annual session, a draft list of candidates for the session's presidium and secretary-general, and the list of observers for the session.

In the report entitled "A Cooperative Strategy for 21st Century Seapower", the U.S. Navy says China is pressing ahead with its territorial claims by force or coercing means that lead to tension and instability. The report also says the U.S. wishes to maintain constructive interactions with the Chinese Navy.

Leaders said they are committed to strengthening macro-economic policy coordination in the G20 context, developing policy dialogue and pragmatic cooperation in fiscal and financial areas in a bid to jointly support global economic growth and improve global economic governance.

The South Korean president expressed her country's willingness to keep close communication with China and promote cooperation in all sectors so as to hammer out the FTA soon and to boost economic development of the two countries and regional cooperation in East Asia.