Li insisted that an urge for expansion was "not in the Chinese DNA" and that a "stable neighbouring environment" was necessary for China's continued economic development.
He was speaking in the City of London financial district on a three-day trip which aims to build trade ties and repair relations strained when British Prime Minister David Cameron met exiled Tibetan spiritual leader the Dalai Lama in 2012.
"We want to have a stable external environment. The Chinese naturally love peace. Confucius taught us that we should not do to others what we don't want done to us... This has been imprinted on to the DNA of the nation," Li said in a speech to foreign policy experts, business leaders and politicians.
"Expansion is not in the Chinese DNA nor can we accept the logic that a strong country is bound to be hegemonic."
But he added that China would take action "to protect the stability of the region" where necessary.
"This is to protect the stability of the region."
In an address referencing famous Britons including World War II prime minister Winston Churchill and poet Percy Bysshe Shelley, Li also dismissed the possibility of a "hard landing" for the Chinese economy.
"This will not happen," he said, arguing that modernisation and urbanisation offered "huge potential" for growth fuelled by domestic demand.
The Chinese economy grew 7.7 per cent in 2013 -- the same level as 2012 but the slowest rate since 1999 -- and Li has set a minimum target of 7.5 per cent growth for this year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
