Systematic thinking urged for integrated reform

The "new normal" concept needs new thinking and new instruments, he said. "In that way, China will be capable of very professional and strong implementation."

The Chinese government has pledged to further streamline administration and adopt more market-oriented reforms to inject vitality to the economy.

Market-oriented reforms, institutional innovation and government reforms, are vital in China's supply-side reforms, said Gu Qingyang, associate professor of the Lee Kuan Yew School of Public Policy at the National University of Singapore.

New results from reforms will emerge along with the modernization of governance, he said, urging clear rules in the new normal period and to deal with reluctance or impotence of a few officials to perform duties.

New thinking and theories are necessary for China to deal with the deep-rooted problems in the previous growth model and accomplish people-centered development and modern governance, said Gu.

China has been promoting all-round economic, political, cultural, social, and ecological progress, aiming to finish building a moderately prosperous society in all aspects by 2020.

The annual national legislative session held earlier this month adopted the country's 13th Five-Year Plan outline, a development blueprint for the coming five years. It sets an average annual growth of above 6.5 percent from 2016-2020, laying emphasis on the innovation-driven development strategy.

"Innovative management, holistic systematic thinking and new, highly effective tools are the keys to transforming the significant strategy of the new five-year plan into reality," said Malik, who is convinced that China and its leadership is capable of doing it.

The significance of the comprehensive plan lies in the concrete implementation of structural reforms and tangible improvement of people's living standards, according to Gu.

"The plan, which puts all-round innovation as a key for meeting its goals, will be a test as to whether or not China can avoid the middle income trap," said the scholar.