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The adjustment is expected to cost about 1 trillion yuan (150 billion U.S. dollars) across the country, as a large number of smaller cities will become eligibile, according to Li Xun, deputy head of the China Academy of Urban Planning and Design.

Local governments should spend more on poverty relief-related industrial development, improve financial support, and create an enabling market environment for these industries.

Xi said some workers may temporarily lose their jobs as China's economy enters the "new normal" and major restructuring. He asked authorities to ensure basic living standards and create more jobs.

BEIJING, May 25 (Xinhua)-- Chinese and British companies are closely and successfully engaging in projects linked to the Belt and Road initiative, demonstrating the complementarity of Chinese and U.K. expertise across the globe, a report showed.

Given the changing economic landscape, the term "new normal" was adopted by policymakers to describe the present stage of slower but higher quality growth.