The new normal of China's economy can be a "better normal" in achieving more balanced and stable growth, the OECD secretary-general said.
During the two-day China Development Forum 2015 in Beijing, which concluded Monday, a number of world organizations were upbeat of China's economic prospects.
The "new normal" of the Chinese economy will create a more favorable business environment for foreign companies, Premier Li Keqiang said.
The capital will work with Tianjin and Hebei province to boost innovation, industrial upgrading and restructuring, so the three become a leading force for the national economy.
China needs to transition to a new coordinated and consolidated model of regional development, in order to offset the future challenges of urbanization.
The third Beijing Agriculture Carnival kicked off at Strawberry Expo Park in Changping district on March 14. More than 550 varieties of agricultural products are displayed at the event.
Economic growth will rebound after bottoming out in 2015 or 2016, as the Chinese economy looks for new drivers and structural reforms to offset a sharp decline in investment.
China's annual grain output is expected to rise 8.2% to 657 million metric tons by 2020, as the nation develops large swaths of high-quality farmland to meet the soaring demand for food.
China's coal-dominated energy mix will not change for the next two decades because increased reliance on imported oil poses a threat to the country's energy security.
The governor of the People's Bank of China released a time schedule to make the country's currency more user-friendly as a step toward making international investments easier.
Finance officials said China will follow international practice and allow other nations to inject capital into the Asian Infrastructure Investment Bank.
The Chinese economy will provide "more rather than fewer" chances for the development of other countries against the backdrop of the new normal.
Mass entrepreneurship and innovation will serve as the twin engines of the country's economic development, said vice-premier on Sunday.
China's GDP growth target for 2015 has been lowered to 7 percent in accordance with this "new normal" pace of expansion, which officials said will be achieved using a mix of policies including risk reduction and economic rebalancing.
Approved by the State Council and sponsored by the Development Research Center of the State Council, China Development Forum 2015 will be held on 21-23 March, 2015.
After an economic slowdown in 2014, there are encouraging signs that the long awaited rebalancing of the Chinese economy is underway.
Foreign investment appetite remains but more certainty from clearer rules and regulations will help businesses invest in opportunities arising from China's economic transition.
A new report by the Boston Consulting Group found that mobile technologies account for 3.7 percent of China's GDP, or $365 billion. That figure is poised to grow to 4.8 percent of its GDP by 2020.
Beijing mayor said Beijing will map out a long-term planning to tackle smog and curb air pollution with neighboring Tianjin municipality and Hebei province.
China and the United States must step up the pace of negotiations on the proposed bilateral investment treaty that can help bolster economic growth for both sides.
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