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Trade in services will play a bigger part as the growth engine of a cooling Chinese economy, as well as a driver for depressed product trade.
China will issue specific guidelines on encouraging private investment in more industries after opening the way for private capital to flow into the railway and health sectors.
A new income-distribution framework is set for approval to redress the growing gap between rich and poor, government officials said.
While labor costs are increasing rapidly along the coasts of East China, more foreign companies such as Samsung are looking to the country's west.
The country's "Go West" campaign was launched in 2000 to address the growing inequality in economic growth between the western and eastern regions.
China has been subject to an increasing number of anti-dumping and anti-subsidy investigation cases launched by Western and developing countries.
Cmpetitiveness of China's eastern cities declined relatively in 2011, according to a report released by Chinese Academy of Social Sciences (CASS).
Hong Kong topped the list ranking the competitiveness of cities in China, followed by Taipei and Beijing, according to a report published by the CASS.
Jiangsu, one of China's richest provinces, has a long-standing thorn in its economic development: the south-north divide.
China should boost domestic consumption and focus more on Asian and emerging markets as developed economies falter, the head of the ICC said.
Chinese State Councilor Liu Yandong has called for greater technological innovation to rejuvenate traditional industrial bases in northeast provinces.
China will continue to impose anti-dumping measures against catechol imports from the United States and Japan for another five years starting from Tuesday.
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