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China has set a goal to eradicate absolute poverty by the end of this year. At the end of last year, 52 counties in the northwest, southwest and south of the country remained on the poverty list.

China is pushing the PPP model to reduce government debt burdens and improve efficiency, but has only seen a tepid response from private businesses, partly due to low returns and difficult risk control.

China hopes that the meeting will focus on economic cooperation of the Asia-Pacific region and could achieve some progress in areas such as development and inclusive growth to further consolidate consensus and outline the great prospects for Asia-Pacific cooperation, Li said.

China has the world's longest high-speed rail network, 22,000 kilometers at the end of last year, or about 60 percent of the world's total.

China is ready to work with the United States to "tangibly press ahead" with the bilateral investment treaty negotiations and to resolve divergence and frictions through dialogue and consultations, Premier Li Keqiang told visiting US lawmakers on Monday.