"China will be able to achieve its 7% economic growth goal in 2015, and the country's potential economic growth rate will hover between 7 and 8 percent from 2016 to 2020," China's Vice Finance Minister Zhu Guangyao said in Beijing Saturday.

China's GDP will reach 100 trillion yuan ($16.11 trillion), with per capita GDP would reach $10,000 by 2020, as the country transforms itself into a well-off society, Zhou said at the NetEase Annual Economist Conference.