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"China has been increasing the number of new subway projects and upgrading the old lines, which greatly boosts our domestic sales," said Chen Fei, manager at Kunshan Alex Railway Fastening, that makes track fasteners for subway projects in Suzhou, Shanghai, and Shenzhen.

"China has always been the nucleus of our global business map, and it will remain so, given that over 50 percent of the world's construction is taking place in China. The country is also the vanguard of high-density urban planning, setting the standards for other countries to follow," said Keith Griffiths, chairman and global design principal of Aedas, the British architectural design firm.

"China has already led the world in the production of lithium-ion batteries. The growth momentum needs to be maintained through more innovative measures and a sound market environment," said Han.

"China is transitioning from the high-speed growth stage to a new phase of high-quality development," the NDRC noted in a statement posted on its official website on Wednesday. "With the new round of technological revolution and industrial transformation, the domestic and global environment has undergone profound changes. The previous version can hardly adapt the new changes in the new situation."

"China always attaches importance to China-Japan relations and attaches importance to improving it," Kong said, adding that the two countries should learn from each other to achieve common development.