"That will be great news for China and the whole world."

He added that China's urbanization will also give a strong boost to the economy.

Other topics at the Beidaihe meeting, according to analysts, might include the anti-corruption campaign, personnel arrangements, reform of State-owned enterprises and relations with major countries.

The draft of the 13th Five-Year Plan will be discussed by the Fifth Plenary Session of the 18th CPC Central Committee scheduled for October, and then wait for discussion and approval at the annual session of the National People's Congress in March 2016.

Historical Beidaihe

Beidaihe, a coastal town 300 kilometers northeast of Beijing with a population of 60,000, is possibly one of the most secret places in China's political news.

As the workplace of Chinese leaders and central government officials in summer, it is listed as one of the world's three major "summer capitals", along with Camp David in the US and Russia's Sochi.

Beidaihe has been a famous summer resort since the Qing Dynasty (1644-1911). Summers there are pleasant, compared with the sultry weather in the capital.

In 1953, the Central Committee of the Communist Party of China decided to move Party and government agencies to Beidaihe for work in the summer.

After that, many decisions with great impact on China were made there. The tradition was stopped in 1966, the start of the "cultural revolution" (1966-76), and resumed in 1984.

In the 1980s, late leader Deng Xiaoping met some foreign guests during his stay in the town, including a delegation from Japan's Komeito Party.