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Competent (is another key word) because it is difficult to manage a combination of monetary and fiscal policies. Structural reforms were implemented during the past decade, which have brought these achievements.

Companies with new technologies, new industries, new commercial activities and new models will be the pioneers of the CDR, the CICC said.

Coats said in a statement that speculation that he or his principal deputy wrote the piece was "patently false".

Collaborative. Growth, Confident. China's participation in important international bodies, the Belt and Road Initiative, and President Xi Jinping's vocal defense of openness in the world economy, indicate a keen awareness for collaboration.

Companies that rely on traditional models should be open to private investment, mergers and reorganization, Li said, adding that China is determined to phase out outdated and excess industrial capacity as a key part of its structural reform, especially as coal prices have been rising again in recent months. The idea is to truly make room for new economic growth drivers, he said.