In his first speech as head of state, China’s new President Xi Jinping said Sunday he will fight for a "great renaissance of the Chinese nation."

In his first speech as head of state, China's new President Xi Jinping said Sunday he will fight for a "great renaissance of the Chinese nation,” and called for "continued realization of the great renaissance of the Chinese nation and the Chinese dream", laying out a vision of a stronger military and ever-higher living standards.

The 25-minute address closed a parliament meeting which named Xi as head of state and Li Keqiang as premier, four months after the pair took the top two posts in the ruling Communist Party.

Newly appointed Premier, Li Keqiang, clarified shortly after that “Beijing would not seek hegemony,” and denied allegations that “China engages in hacking”.

Li called the US accusations "groundless", days after President Barack Obama said China's relationship with Washington was vital and their mutual interests outweighed their differences.

"Conflicts between big powers are not inevitable," Li said.