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"We believe the economic fundamentals are solid," Li said, adding that the country would continue to promote balanced trade, with pro-import events such as the second China International Import Expo scheduled in November.

China had earlier imposed additional tariffs on 60 billion dollars worth of U.S. imports, the rates of additional tariffs on some of the products will now be increased to 25 percent, 20 percent, and 10 percent.

The country will fight "formalism and bureaucracy" to ensure that poverty alleviation is pragmatic and results true.

The NPC is willing to intensify exchanges with the Lao legislative body to provide legal guarantees for bilateral friendly ties and lift the ties to a new level, said Li.

To promote diversified economic development in rural area, the country will continue to protect its agriculture, establish a cultivation mechanism for new industries and build a platform for integrated development of urban and rural industries.