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In April 2018, Xi announced a series of new measures for expanding China's reform and opening up, demonstrating China's willingness to work with the outside world.

These states "have a sound foundation to further deepen exchange and cooperation with China," thus contributing to the healthy and steady development of bilateral ties, Huang said.

The country will also step up reduction of taxes and fees and improve financing services. The country will improve its policies for targeted reserve requirement ratio cut to encourage inclusive financing and expand the application of its re-lending policies for small firms to equitable small- and medium-sized banks as well as Internet banks, it said.

"Experience tells us that great undertakings succeed in solid work," Xi noted. He said China need to encourage more prominent scientists, leading talent, young scientists and innovation teams to lead the trend and work hard to realize the value of life by contributing to the nation's great undertakings.

Graham Allison, founding dean of Harvard's John F. Kennedy School of Government, used the word "miracle" to describe China's poverty reduction efforts.