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Property took a downturn in 2014 with weak demand and a supply glut. Sales and prices fell and investment slowed, while the stock of unsold grew.

For the past few years, the government has refrained from using mass quantitative easing to battle the economic slowdown but rather has pushed structural reforms, which proved successful in reinvigorating the economy.

China will also improve urban planning and construction of infrastructure, both underground and overground. Construction standards and project quality will be raised, the guidelines said.

State Council agencies have canceled or delegated administrative approval powers on 599 items since March 2013, meeting the target to cut the number of items requiring approval by one-third within the term of this government ahead of schedule.

Countries should strengthen the regulations of the internet and relevant agencies of the United Nations should coordinate such efforts, he said.