Chinese Premier Li Keqiang has presided over a meeting with experts and business leaders to seek opinions on the government work report to be officially unveiled in March.
The meeting was attended by experts from universities, research and financial institutions, as well as business leaders from diversified sectors, including Internet, information technology and venture capital.
Analysts suggested the government put more energy on structural reforms and raise the efficiency of growth by developing high-end industries.
Chi Fulin is the head of the China Institute for Reform and Development.
"The next step will be promoting structural reforms under the basis of reducing administrative examination and approval. This is a key point in the enhancement of governmental reforms. One of the important measures will be making lists on government power, responsibility and fiscal expenditure."
Premier Li Keqiang said the government must capitalize on both government regulation and market forces to make them twin engines for growth.
He also stressed that mass entrepreneurship and innovation should be promoted to unleash and develop productive forces.
"If diligence is more required for development in the past 30 years, then wisdom will be more necessary than diligence in the future. Government should streamline administration and delegate power to lower levels to create a relaxed and equitable environment for competition."
The Premier says in 2015, more efforts will be made on deepening reforms within the fiscal and financial systems, boosting the real economy, promoting innovation, improving people's lives and preventing risk.
