Earlier, both the leaders held talks on crucial bilateral issues here last evening.
External Affairs Minister Salman Khurshid, Foreign Secretary Ranjan Mathai and National Security Advisor Shiv Shankar Menon were present during the talks.
After the restricted talks, Dr Singh hosted a dinner for the visiting dignitary.
UPA Chairperson Sonia Gandhi, Congress Vice-President Rahul Gandhi, Leader of Opposition in Lok Sabha Sushma Swaraj, Leader of Opposition in Rajya Sabha Arun Jaitley and CPM General Secretary Prakash Karat were among the leaders who attended the dinner.
Delegations of the two countries will on Monday hold talks at Hyderabad House that will likely include border and trade discussions as well as talks on their respective roles in Afghanistan after the draw down of US troops in 2014.
On Tuesday, Li will address a meeting hosted by the Federation of Indian Chambers of Commerce and Industry and the Indian Council of World Affairs, before calling on President Pranab Mukherjee.
The Chinese delegation, including Premier Li, will then travel to Mumbai to visit the headquarters of Tata Consultancy Services Ltd. The Chinese leader will also meet relatives of Dwarkanath Kotnis, an Indian doctor who treated Chinese soldiers during the Sino-Japan War of 1938.