Christopher Lu, chief partner of Deloitte Touche Tohmatsu, said Li confidently shared his view on China's future development and reform in his speech during the opening ceremony of 2014 Boao Forum for Asia.

Bloomberg chief hails China reform

"The trading partnership among countries in Asia will benefit the investment environment in the whole region," he said.

"China used to be an observer of the world's trading groups. Gradually, it became a participator in the game, and now it's time to become the leader," he said.

"The trading volume in Asia is huge. We need to create fair game rules for this market."

He said the path of China's reform is difficult, but the determination from the leaders is firm.