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"We have both the foundation and condition to maintain a medium-to-high speed in economic growth," the president said, citing the huge potentials in the country's consumption and market.

"China submitted the acceptance letter to the WTO on Sept. 4, which is an important move to push forward the implementation of TFA. China expects more WTO members to accept the agreement," said Wang Shouwen, Chinese vice minister of commerce.

"The state visit further highlighted the international dimension of China-U.S. relations." Cui told about 1,000 guests.

For his part, Obama expressed appreciation for China's commitment to cooperation with the United States, saying it will not only be conducive to the two countries, but also benefit the world at large.

It is risky for China to grow at the breakneck speed as before, said Arsovska, citing potential environment and corruption problems. However Xi has shown his capability of dealing with these two issues, she said.