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The global economy continues to slow down, the world is still undergoing in-depth adjustments due to the global financial crisis, profound changes are accelerating, and sources of turbulence have substantially increased, the statement said. "We need to be well prepared with contingency plans."

"Seeking truth from facts" and "crossing the river by feeling the stones" might not sound very profound or precise, but it turns out to be a lot more realistic and practical than many Western approaches created in ivory towers, he wrote in the book.

While the external environment is likely to be more complex with uncertainties and challenges, China is in a critical period to change its growth model, improve its economic structure, and foster new drivers of growth, he said.

The 2019 New Economy Forum, which focused on development trends and social impacts of innovation, gathered more than 500 delegates from more than 60 countries around the world.

Su Hui, vice-chairperson of the National Committee of the Chinese People's Political Consultative Conference, made the remarks at a symposium held by study and research committee of the China Council for the Promotion of Peaceful National Reunification (CCPPNR).