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Over recent months, Chinese and global financial institutions have been closely watching the Chinese economy and some have been speculating about the growth target for 2015, which will be announced by Premier Li Keqiang in the government work report at the opening of the NPC on March 5.

Criteria for imposing penalties on criminals found guilty of corruption and bribes would be modified. Heavier penalties will be imposed on those offering bribes, according to a draft amendment to the Criminal Law submitted to the NPC Standing Committee for a first reading in October last year.

He also urged the government to clean intermediary service sectors, breaking monopolies and strengthening regulation so as to eradicate the "grey zone" of administrative examinations and approvals.

At the meeting, the premier vowed to strengthen regulation of using public funds, pledging to put government income and expenditure under budgetary management and offer "a readable account book" to the public.

"I believe you will contribute more in promoting the exchange and cooperation between China and Lithuania in the coming year," said Liu.