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The government needs to further change its role to create favorable policies that allow big companies to grow, urged Wang Zhile, a research fellow with the Ministry of Commerce.

The forum, jointly sponsored by Chinese and U.S. finance ministries, this year seeks to form contracts on the basis of spoken agreements reached between China and U.S. top officials over the past year, including Chinese President Hu Jintao's visit to the United States in January 2011.

If China's economy expands at an average pace of 8 percent annually in the nine years preceding 2020, the country's GDP in 2020 will be nearly six times that of 2000, a better performance than the goal of four-fold growth set during the 17th National Congress of the Communist Party of China (CPC) held in 2007.

Zhao said the buildup of banks' foreign exchange deficit showed some enterprises tried to purchase currency forward contracts to manage their exchange rate risks and hedge against the yuan's devaluation.

In April, China South Locomotive and Rolling Stock Corporation Limited won a bid to provide high-speed trains for Hong Kong.