This year is significant in China's political calendar as the 19th Communist Party of China National Congress will convene in Beijing in the second half of this year. The whole world will be paying close attention as the 2,300 delegates, chosen by over 88 million Party members, assemble to elect a new Central Committee.

It is expected that by then there will have been further elaboration on how the Party will strictly govern itself and how it will navigate the complex external and internal environments to lead the country toward the realization of the two centenary goals: the doubling of China's GDP and per-capita income 2010 levels by 2020, and the building of a modern socialist country that is prosperous, strong, democratic, culturally advanced and harmonious by the middle of this century.

To achieve these two goals the economy needs to be rebalanced, and problems regarding reform, development and stability have to be overcome to achieve innovative, coordinated, green, open and shared development.