Li, meanwhile, rejected the alleged involvement of Chinese companies in spying activities, making clear once again Beijing's stance against Washington's ban on the use of products and services of Chinese telecommunication giants such as Huawei Technologies Co. and ZTE Corp.
"We hope that the consultations will be fruitful and will achieve mutual benefit and win-win".
China will not let the the world's second-largest economy "slip out of a reasonable range", Premier Li Keqiang said Friday, as he pledged support in the face of "new downward pressure". But President Xi Jinping did not rule out the use of force during a January speech on cross-strait relations.
The figures were the latest in a string of indicators pointing to an extended slowdown, with Beijing feeling the effects of a painful trade dispute with the US.
China's new foreign investment law, which was first tabled for reading last December, states in broad terms that foreign firms will receive the same treatment as local ones when it comes to government procurement, and that the authorities will not force technology transfer in exchange for access to China's markets.
Huawei, the biggest global maker of network gear for phone and internet companies, has denied accusations it facilitates Chinese spying.
Trump is demanding China to reduce the United States dollars 375 billion trade deficit, provide legal protection for intellectual property rights (IPR), technology transfer and more access to American goods to Chinese markets.
The Chinese government has additional monetary policy measures that it can take to support economic growth this year, and will even cut "its own flesh" to help finance large-scale tax cuts, Premier Li Keqiang said on Friday.
Li, however, ruled out the possibility of introducing drastic measures like quantitative monetary easing, which has been carried out in some advanced nations including Japan, saying such tactics have only a limited positive impact.
Last week, Li laid out a lower growth target of 6 to 6.5 percent this year, from 6.6 percent growth last year, which was already the slowest pace for nearly three decades.
The country will encourage business start-ups and innovation to create more job opportunities, he said.
Despite twists and turns, Li said the overall relationship between China and the United States will forge ahead, as their shared interests far outweigh differences.