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China aims to lift all people above the poverty line, defined as per capita annual income of 2,300 yuan (about 350 dollars), in rural areas by 2020.

Xi said the initiative of building a community with a shared future for mankind is being transformed from a concept into action.

The number of people living under the poverty line has been reduced from 1.26 million to 240,000, and the proportion of destitute people dropped from 5.4 percent to 1 percent over the five years.

Xi told Trump on Tuesday that the four high-level dialogue mechanisms should be given full play.

Under a "twin pillar" framework, the central bank has established a macro-prudential assessment framework to regulate financial institutions, and increasingly relied on monetary tools, like open market operations for liquidity management, rather than adjustments in interest rates or reserve requirement ratios.