ECONOMIC REFORM

During the meetings, the APEC members are expected to reach an accord on promoting innovative development, economic reform and growth.

Huang said an important issue in this year's APEC meetings is about how to make growth going, as institutions such as the World Bank and the International Monetary Fund (IMF) have cut the global growth forecasts. Every country is trying to find its own measures to stimulate economy in a sustainable way, said Huang.

As for China, the expert expected the Chinese economy to grow around 7.5 percent this year, saying the real question for China is to ensure sustainable growth and enhance productivity.

In order to make the economy more productive and grow more efficiently, China should liberalize its service sector, encourage urbanization, private sector investment and continue fiscal reforms to ensure efficient investment, the expert suggested.