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"Competent departments and local authorities need to carefully study how to prepare for effective projects. They should make accurate and meticulous calculations and take new measures to ensure that the investment will be cost-effective, and contribute to greater development and better livelihood," Li said.

"China's successful exploration and practices in reform and opening up have offered a new choice for humanity as the world is at a crossroad for development," said Chi Fulin, head of the Hainan-based China Institute for Reform and Development.

"China's economic development is a process of actively integrating with economic globalization and constantly expanding its opening up," the NDRC said, adding that with better industrial, policy and legal environments, China has the foundation for opening up at a higher level.

"China will emerge even stronger as the largest economy in the developing world," the article quoted Kharas as saying.

"Chinese PV products exports have become more diversified in terms of the geographic destinations for shipments, with the focus shifting from Asia to more international destinations," said Wang.