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"China's income growth remains at the same level of mid-income countries and it still has a lot of potential to develop," he told another forum held by the Institute of Economics of the CASS on Friday.

"China's new development plan to combine the construction of the domestic market system with the expansion of international markets will not only help strengthen the resilience of its economic development, but also provide huge growth opportunities for the world economy," Yang said.

"China's property market will shift from extensive and rapid growth to more sustainable growth in the following years," said Yao Yao, head of research for JLL China, a real estate agency.

"China remains steadfast in its determination to deal with climate change with the international community," said Wang. "China is willing to join hands with all countries to make efforts to walk on a sustainable path of green and low-carbon and create a home planet featuring bluer skies, cleaner water and greener mountains for our offspring."

"China wants to become less dependent on the US and other Western suppliers," he said.