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China's leading energy regulator, the National Energy Administration, has made energy security a key priority in the country's new five-year plan, with focus on diversifying supplies, developing sufficient storage capacity and infrastructure and improving logistics.

China's decision to ease market access for foreign companies and expand imports will not only provide a boost to foreign businesses but also benefit domestic companies through competitive pressure, according to a senior US researcher of the Chinese economy.

China's economy grew by 4.9 percent year-on-year in the third quarter. The country has been projected by major international organizations to be the only major economy to record growth this year. The International Monetary Fund forecast in its latest economic outlook that China's GDP will expand by 1.9 percent this year.

China's experience will serve as an example for the rest of the world, Vladimir Norov, secretary-general of the Shanghai Cooperation Organization, said at the forum.

China's consumer price index, a main gauge of inflation, grew 1.7 percent year-on-year last month, the lowest level in 19 months and down from 2.4 percent in August, the National Bureau of Statistics said on Thursday.