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"CSIC will accelerate the progress of its strategic collaboration projects in big data, environmental solutions, information technology and elderly care with cities in both Hebei and the Xiongan New Area," said Hu.

"By 2020-21, we will have restored investment in defense to 2 percent of GDP," said the statement.

"China has made great progress, but if you reflect back, the Global Findex showed that we went from the low 60s to about 69 percent of people in the world covered in terms of financial access," Kim said, referring to the finding that globally 69 percent of adults, or 3.8 billion people, have an account at a bank or mobile money provider, up from 62 percent in 2014.

"China has been pushing the digital Silk Road and sharing the benefits brought by digital transformation," said Lin Nianxiu, deputy director of the National Development and Reform Commission. "We have signed cooperation agreements with over 16 countries in the building of the digital Silk Road, and launched the Belt and Road Digital Economy International Cooperation Initiative with seven countries."

"By moving impoverished people out of their previous harsh living environment, the government can stop poverty from being passed down to future generations," he added.