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Fifth, we need to work jointly to trigger innovation. Innovation holds the key to development. Asia is home to 48 countries and over four billion population, and the "Asian miracle" was created by the talented and hard-working Asian people. To keep up the momentum of prosperity and development in Asia, we need to give full play to Asia's unique advantage of abundant human resources, and bring out the potential and creativity of all its people. Asia's new future relies on innovation and talented personnel. We need to improve education and training in Asia to build a high-quality labor force, strengthen the talent pool and increase productivity. We need to step up R&D investment, adopt new models of development, including the "Internet Plus" model, and build cooperation platforms for innovation to develop the new economy and a shared economy. We may also conduct due exchange of experience. This way, the hundreds of millions of our people, especially the young people, will have the chance to engage in innovation and entrepreneurship, and have their ingenuity and creativity fully unleashed. This also allows countries in the region to quickly embark on a path of innovation-driven development and upgrade the level of growth.

Calling for innovative concepts, content and methods, Xi told media groups to make use of new media's edge in publicity, amplify their voices on the international stage, tell stories about China well and build flagship media groups with strong global influence.

Hu Angang, an economist with Tsinghua University, forecast China's per-capita GDP will be 10,000 U.S. dollars by 2020, and the gap between the two biggest economies in per-capita GDP will close from one seventh to one third.

After Beijing won the bid, the Chinese president wrote to IOC President Thomas Bach to express thanks for the IOC's trust and long-term support.

The two countries can prioritize cooperation on infrastructure construction, human resources development, the manufacturing industry, agriculture and other fields, Zhang said.