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Responding to questions related to the "Made in China 2025" action plan, Li said domestic and foreign companies will be treated equally, and foreign companies will not be forced to have their technologies transferred into China.

Focusing on sectors including seeds, medical care, education, sport, telecommunication and finance, the pilot free trade zone will push forward opening up of modern agriculture, high-tech industries and modern services, boost the development of service trade, protect the interests of overseas investors and promote the gradual opening-up of the shipping industry.

Improving people's life has been a highlight of all local two sessions.

He called the decline, which came in the wake of China's accession into the WTO, "a drop of just over 29 percent ... that actually represents a slowing of a preexisting trend."

This is Xi's first home-court diplomacy since he was unanimously re-elected Chinese president in March.