China is on track to achieve its anticipated economic and social development targets with around 5 percent of GDP growth and nearly 30 percent contribution to global economic growth, said Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs.

Han said it is anticipated that the nation's foreign exchange reserves will be maintained at a level exceeding 3.2 trillion yuan ($439.8 billion), along with a fundamental equilibrium in the international balance of payments.

Han made the remarks on Saturday at an annual economic conference held by the China Center for International Economic Exchanges.