China is capable of achieving sustainable economic development and a stronger China will not seek hegemony, Premier Li Keqiang said on Sunday.

"China is capable of maintaining continuous and healthy economic development and pursuing social progress," Li said at a press conference held in the Great Hall of the People in Beijing. [More about the press conference]

"There are more than 1.3 billion people in this country, and we are still on a long journey towards modernization," Li said. "That requires an international environment of lasting peace."

"Even if China becomes stronger, we will not seek hegemony," the premier said in response to concerns from overseas.

China has an unswerving commitment to peaceful development and unshakable determination to safeguard its sovereignty and territorial integrity, Li said.

"These two are not contradictory to each other. In fact, they are essential to regional stability and world peace," Li said.

China will take up its due international obligations as a large developing country, said the premier.

"We are willing to work with countries of the world to maintain global peace and expand global prosperity in the 21st century," said Li.