Reforms to exceed world 'expectations'

China has been busy drafting a market-oriented reform package that will go over and above what the rest of the world expects, a senior Chinese official said at the annual World Economic Forum in Davos, Switzerland.

Liu He, a member of the Political Bureau of Communist Party of China Central Committee, said the changes will go beyond "the expectations of the international community".

The reform package "will be announced when it marks the 40th anniversary of reform and opening up," Liu said, addressing the forum's plenary meeting on Wednesday.