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China aims to bring more than 70 million people above the poverty line before 2020.
In 2015, more than 40 centrally administered officials were expelled from the CPC for violating the Party's code of conduct. Over 90,000 officials nationwide have been punished for corruption or violations of the Party's frugality rules.
He urged boosting structural reforms, especially supply-side structural reforms, and innovate the ways of adjustment to ensure the economy operates within a reasonable sphere. China will accelerate the cultivation of new growth engines -- a key aspect of supply-side structural reforms -- and encourage entrepreneurship and innovation, according to Li.
Chinese Foreign Minister Wang Yi and German Foreign Minister Frank-Walter Steinmeier held in-depth talks on Saturday over a series of bilateral and international issues of common concerns.
Wang said China was ready to cooperate more in nuclear power, high-speed rail, as well as under the Asian Infrastructure Investment Bank (AIIB), which will start operating in mid-January.