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China set a consumer inflation control target of under about 3 percent this year.

China treats both Chinese and foreign companies in its territory equally and will increase the protection of intellectual property rights, Li said.

China urged parties involved to stop exaggerating what they cite as "China's responsibility" in addressing the Korean Peninsula nuclear issue, saying this is driven by "ulterior motives".

China on Tuesday released a plan to build its southern province Hainan into a pilot free trade zone after the central government announced in April it would support Hainan in establishing a free trade zone and would gradually build it into a free trade port.

China remains committed to deepening exchange rate marketization and improving its exchange rate system to keep the RMB exchange rate "basically stable at a reasonable and equilibrium level", he added.