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Xi, head of the group, said a foundation should be built in the first three years of comprehensively deepening reforms, and a "main body frame" of the reform should be set up this year.

The goal, one of "two centenary goals" put forward by the ruling Communist Party of China in 2012, is to double the 2010 GDP and per capita income of urban and rural residents and to complete the building of a moderately prosperous society by 2020.

The city, as a logistics center and transport hub, has also attracted entrepreneurs under policies the government hopes will breed modern-day business legends there.

The two sides condemned terrorism of all forms and pledged to support each other's efforts to maintain national security, stability and to fight against terrorism, it said.

In what are collectively known as the three China-U.S. joint communiques, the political groundwork of the relations between the two countries, Washington officially endorsed the one China policy, and agreed therein to respect China's national sovereignty and territorial integrity and refrain from infringing on them.