Managing Director of the World Bank Sri Mulyani Indrawati and International Monetary Fund’s Christine Lagarde say China will achieve its target.

China's central bank Governor Zhou Xiaochuan shrugged off concerns about the rapid decline of the country's foreign exchange reserves, saying it is natural to see some capital outflows after years of explosive accumulation.

The yuan's exchange rate will remain stable, despite some fluctuations in the short term, said a senior central bank official during the China Development Forum in Beijing on Saturday.

China is capable of ensuring financial stability and preventing systemic risk, despite the expansion of nonperforming loans, according to a senior banking official.

China is making progress against wasteful government spending as it overhauls a rigid fiscal management system tied to GDP and revenue growth, Finance Minister Lou Jiwei said on Sunday.

Global CEOs attending the China Development Forum currently underway in Beijing said they have a better sense of policy direction, and are upbeat about the country's outlook.

Environmentally-friendly sectors need government's support in their infant stage, when their social benefits outweigh economic benefits.