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Chen Gang, senior research fellow with the East Asia Institute at the National University of Singapore, said that China has made obvious progress in enhancing party discipline and building a clean government.

In his New Year speech, President Xi Jinping called for confidence and hard work for a good beginning in the home stretch of building a moderately prosperous society in all respects. He urged joint efforts to lift tens of millions of rural people out of poverty.

The visit by Suma Chakrabarti, president of the EBRD, marks China's entry into the bank and opens a new chapter for their cooperation, said Li when meeting with Chakrabarti in Beijing.

Li said the country will carefully study market conditions to set a reasonable target for the next three years.

"China appreciates Pakistan's effort to devote to improving relations with Afghanistan and is willing to work with Pakistan to contribute to Afghanistan's reconciliation and peace process," Wang said.