It is anticipated that some significant progress will be achieved this year in reform of the government's administrative examination and approval system, including the gradual and final opening of the negative list and the lists of responsibilities and powers.

Some breakthroughs can also be expected in the country's bid to reform the market, such as how to push the market to play a decisive role in its resources distribution and how to push for the opening of its service sector. An important breakthrough is also likely to be achieved in the reform of State-owned enterprises and enterprises with a mixed ownership. Besides, headway can be expected in the country's structural reforms suitable for its proactive fiscal and sound monetary policies, including its fiscal, tax and financial systematic reforms. At the same time, new progresses will likely be achieved in pushing for a new open economic pattern based on bilateral and multilateral trade.

2015 will also witness the final drafting of the 13th Five-Year Plan (2016-20) for national development, which is expected to be dominated by economic transformation and upgrading. It will also be a key year if China is to avoid a possible middle income trap and build a well-off society in an all-round way.

The author is president of the China Institute of Reform and Development and an adviser to the central government.