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Liu Yunshan, member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks at a meeting to urge publicity and culture workers to learn and implement the spirit of the speech on the Party's media work by Xi Jinping, General Secretary of the CPC Central Committee.

Dollar said it's good for China to gradually get rid of the excess capacity as "quite a few workers will lose their jobs," but he warned that there's a risk in the financial sector if China does not move quickly enough to do that.

Xi said, "local officials must be down-to-earth and keep close ties with ordinary people, and the same is true with reporters."

To ease traffic jams in the cities, China looks to expand public transport network such as buses and railways. By 2020, China aims to raise the penetration of public transport to 40 percent in megacities, 30 percent in big cities and 20 percent in medium- and small cities.

Supply-side structural reform, which will help reduce ineffective and low-end supply of goods and services, was on Xi's mind. After an NPC deputy from Hunan Province raised the subject, Xi acknowledged it would be a "tough battle" but the one he vows to win.