The project has been driven by the Department of Engineering, at Cambridge.
The producer price index (PPI), which measures costs of goods at the factory gate, rose 5.5 percent year-on-year in May, down from 6.4 percent in April and missing expectations of 5.7 percent, according to the NBS.
The president traveled to New York City for a private fundraiser Thursday afternoon.
The program, namely the TXG Sustainability Business Accelerator Program, will focus on helping high-quality startups by connecting them with businesses and capital, engaging and empowering the next generation through innovation and entrepreneurship.
The project is located in the Ili River Valley, in the west extension of the Tianshan Mountains in Kazakhstan. It is about 150 kilometers from Almaty and 210 km from the Khorgos Land Port in China.
The project "helps regional and national progress as we are going to have easier, more economical and safer mobility," he said.
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The premier pledged to further lower fees on corporate operations by the end of this year when he met with the media in March following the conclusion of the annual session of the National People's Congress, the country's top legislator. Several State Council executive meetings have been convened to fulfill the target.
The president likened the vaccine project, dubbed "Operation Warp Speed", to the World War II effort to produce the first nuclear weapons in the world.
The president said the poverty alleviation fight should be complemented with China's rural vitalization strategy to improve living conditions of farmers and herdsmen.
The president gave the remarks to reporters after concluding a teleconference with US troops to mark the Thanksgiving holiday.