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China is Vale's largest client in the iron ore trade.
India, Pakistan are attending the joint naval drill in China while the US and Japan are not.
The Russian President was addressing a direct line broadcast into Russian homes.
Li Keqiang said that China will continue to emphasise comprehensive economic reform, and streamline administration.
China and India said they had misgivings about whether the conference would protect concerns of developing economies.
Per-capita disposable income of both urban and rural residents grew 8.6 per cent year on year.
Some analysts believe that air quality and the fight against pollution will become Beijing's priority next to the economy.
China’s top legislator said the two nations will cement strategic coordination on “major issues such as global governance and climate change".
Lavrov and Yi also discussed the upcoming visit of Russian President Vladimir Putin to Shanghai in May.
