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China is set to continue its strong growth this year and is on course to become a "moderately well-off society" by 2020, according to experts.

China has put forward a target of doubling its GDP and per capita income in the decade leading up to 2020. Chances are good it will meet that target based on the current rate of growth. Economists estimate an annual GDP growth of 6.3 percent is needed in the coming three years to meet the goal. GDP growth is widely expected to come close to 7 percent this year.

China hopes that the United States will handle the Taiwan issue appropriately in accordance with the one-China principle and the three China-U.S. joint communiques, Xi said.

China is likely to become the world's largest local government bond issuer within five years — given the fast growth of the Chinese version of municipal bonds — as a way to facilitate debt restructuring reforms and further strengthen fiscal consolidation, an expert told China Daily.

China is committed to facilitating peace talks on the Korean Peninsula issue and will only play a positive role, Lu said.