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High-quality public services and facilities should be provided to create a new model for urban management, while reforms must be advanced to let the market play a decisive role in resource allocation, he said.

The State Council Monday released a five-year plan on market regulation, setting guidelines for reform in commerce and market supervision.

The Chinese Academy of Governance's Wang said the commission will both investigate and impose penalties, with powers of surveillance, and the rights to summon suspects and witnesses for interrogation, restrict movement and freeze assets.

China has become an important overseas market, investment destination and source of overseas profit for Japan, he added.

Excited about their new decorative toys, the children played in the vast indoor and outdoor spaces of the cultural center, waving their paper kites enthusiastically.