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Floods have occurred along several tributaries of the Yangtze River, China's longest river, on a dangerous scale during the current flood season, the report said, quoting Wu Daoxi, an official in charge of the Yangtze River flood and drought prevention office.

Each impoverished rural household will be given a subsidy of 7,500 yuan on average, while 130,000 poverty-stricken rural households located in the border areas will be granted another 2,500 yuan in subsidies each, the statement said.

A decade of rapid development has made China increasingly important in the global production system. Some made-in-China products such as laptops, copier devices, microwave ovens and tableware took up over half of the global export market's share.

In September, new mid- and long-term loans extended to enterprises stood at 127.7 billion yuan, accounting for 20 percent of total new loans last month, up from 17 percent in August, according to the central bank.

The liberalization of interest rates will be pushed forward progressively and reforms of the mechanism used to calculate the yuan's exchange rate will occur steadily, the plan states.