Jack Ma, founder of China's e-commerce giant Alibaba Group Holding Ltd, attended the CEO lunch meeting, part of China Development Forum 2015, at Diaoyutai State Guesthouse in Beijing, March 21, 2015
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.
China has lowered its annual growth target to 7 percent this year amid economic restructuring dubbed as "new normal".
China Development Forum, initiated in 2000, will be held in Beijing this year where business elites, scholars and leaders of international organizations will discuss the changes in the "new normal".
The forum, whose principle is "Engaging with the world for the common prosperity", has played a big role in China's policy exchange and collaborations with the world.
