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Tang Jianwei, senior manager at Bank of Communication, said Li's remarks demonstrated his confidence on the economy and his determination to push forward reform.

"The centerpiece of Premier Li's reform is to define boundaries between markets and government. The government will withdraw from certain areas where market and society can be of greater benefit," Tang said.

He disagreed with what the market described as "Likonomics".

Li's governing philosophy should not be summarized by "short-term policies", such as de-leveraging and refraining from large-scale stimulus, he said.

Guan Qingyou, assistant dean of the Minsheng Securities Research Institute, said rather than de-leveraging, "deregulation" would be more apt, as seen in his consistent calls for the introduction of private capital to reinvigorate market dynamics.