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Behind such purchasing power is a new consumption norm in the country, a trend featuring residents of smaller cities, who are looking more to imported goods and have a growing appetite to spend.

Beijing plans to cap its population at 23 million by 2020 to address "big city problems," such as traffic congestion and pollution.

Beijing will push forward a series of measures to facilitate financing in the cultural sector and improve the related business environment, said Dong.

Because licensing fees in Ireland and the Netherlands are paid mostly by foreign holding companies that are legally domiciled in those countries for tax reasons, and the subsidiaries of these holding companies using the licensed foreign technology are located in other jurisdictions worldwide, Lardy argued that China probably ranks second globally in the magnitude of licensing fees paid for technology used within national borders.

Because the situation in different regions varies, local authorities should set their own targets based on those conditions, Han said. "It does not require every region to double its GDP by 2020. It is a goal for the whole country."