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China should get a lower limit for the manufacturing output-to-GDP ratio in the new five-year plan, in line with international practices like in Germany, as well as build a fiscal and tax policy system that is more friendly toward high-quality development of the manufacturing sector, he said.

China is way beyond the point that its economic model should be based on low-wage manufacturing of low value-added consumer goods for export. Its institutions, infrastructure, and technology are now near world-class and are improving rapidly. Plus, wages rose rapidly over the last decade, so Chinese consumers have the wherewithal to support the country's industry.

China issued a white paper entitled "China's Policies on Asia-Pacific Security Cooperation" for the first time this year, outlining China's concept of common, comprehensive, cooperative and sustainable security, which was in distinct contrast to the out-of-date security concepts of the Western world such as the Cold War mentality, zero-sum game and military force worship.

China plans to build Hainan into an international tourism and consumption center by 2025 and globally influential tourism and consumption destination by 2035.

China kicked off the campaign in September last year.