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China produced more than 300,000 works for international journals in 2016, compared with 13,000 in 1996.

China will also strengthen supervision, adjust the "intensity and tempo" of policies to stabilize market expectations, and create a neutral and moderate monetary environment for supply-side structural reforms and high-quality development, she added.

China is working hard to build a more integrated global community. Sei, who is also a nonresident scholar with the Shanghai Institute for International Studies, said the Belt and Road Initiative is a clear example of this as it aims to promote tighter economic ties worldwide that are mutually beneficial for all.

China should also intensify efforts to clear out zombie enterprises, or weak businesses that are not viable, usually in industries with severe overcapacity and kept alive only with aid from the government and banks, according to the financial work conference.

China will continue to promote fair market competition in the financial sector. But some giant fintech groups are "hindering fair competition and obtaining excess returns", and taking advantage of "data monopoly", said the CBIRC chairman.