He said China would help improve poverty reduction capacity in developing countries through policy planning, experience sharing, technology demonstration and talent training. China also plans to support a number of "small but beautiful" cooperation projects tailored to the needs of developing countries, he added.

"At present, there is an urgent need for all parties to build consensus and accelerate global poverty reduction efforts," Liu said, proposing efforts to enhance endogenous development capacity by promoting market-driven and technology-enabled development.

The launch comes as the world faces challenges in meeting the United Nations Sustainable Development Goals by 2030.

Stephen Jackson, the UN Development System Resident Coordinator in China, reading a congratulatory letter from UN Secretary-General Antonio Guterres, said poverty remained "a global development emergency" despite recent progress.