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It went on and noted that there are problems that need to be addressed, such as the extensive but inefficient economic development model, the need for the transition to a stage of high-quality development, and development gaps between urban and rural areas and between eastern and western regions.

"Provincial level regions should make scientific plans for the bond issuance in August and September in order to accelerate bond issuance," the document said. "By the end of September, new special bonds issued in the first nine months should account for no less than 80 percent of 1.35 trillion yuan (about 197 billion U.S. dollars), this year's quota, as a matter of principle, while the remainder should be issued mainly in October."

The expo is planned, proposed and pushed forward by Xi Jinping, general secretary of the CPC Central Committee, Hu said. It is an important decision made by the CPC Central Committee with Xi at the core to pursue a new round of opening-up at a higher level, Hu said.

More than 700 million Chinese were lifted out of absolute poverty, accounting for over 70 percent of global poverty reduction during the period, it noted.