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"China's CPI growth is expected to fall after peaking in 2020. The nation's economy is highly resilient and has tremendous growth potential. The gradual resumption of work in the industrial and agriculture sectors and the adequate supply of various consumer goods provides a solid foundation for price stability."

"Chinese companies have invested over 7 billion in Australia since 2008 and this capital has been a really important contributor to economic growth locally but new investment is slowing," Ferguson said in the report.

"China's international sci-tech cooperation will be conducted on the basis of mutual benefit and win-win results, rather than a matter of importing technologies," Tian said. "We hope that all our partners can benefit from this approach."

"China's main social contradiction has changed and its economic development is moving to a stage of high-quality growth from a high-rate of expansion of the GDP," said Yang Weimin, deputy head of the Office of the Central Leading Group on Financial and Economic Affairs. "The biggest problem facing us now ... is the inadequate quality of development," he said at a news conference.

"Currently, we do not have a facility in Australia to test wind turbines before connecting to the grid and so we must do this in the United States or Europe, which is very expensive -- and the foreign electricity grids don't perfectly mimic the Australian system," Dong explained.