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Due to long-term backwardness in social and economic development, China has realized that with the right to live and develop, the country can rid itself of poverty.

The State Council has also removed Wang Chao, vice minister of commerce, and Huang Qiang, deputy head of the State Administration of Science, Technology and Industry for National Defence, from their posts.

China's urbanization drive accelerated after 1978 due to continued market-oriented reform and rapid economic growth. Now over 52.6 percent of its population living in cities, and the rate is expected to reach about 60 percent by 2020.

He highlighted the importance of the China-U.S. cooperation in maintaining regional and international stability and promoting sustainable development of mankind.

In his speech, Xi put forward a three-point proposal for APEC.