China's GDP growth in the third quarter should be viewed on a reasonable basis, as the economy is running on a stable track boosted by new growth drivers, an economist said.

The People's Bank of China (PBOC), the central bank, announced late Friday that both benchmark deposit rate and lending rates will be lowered by 25 basis points from Oct. 24.

The Communist Party of China (CPC) will convene the fifth plenary session of its 18th Central Committee to outline the 13th Five-Year Plan (2016-2020) for national development on Monday, with extraordinary achievements in the 12th plan period (2011-2015).

It is essential to be innovative when drawing up macroeconomic regulation and reform measures, as they are expected to promote economic growth and industrial upgrading, Premier Li Keqiang said Friday.

As the Chinese Lunar New Year of the Goat was ushered in on Thursday, experts in the United States cautiously predicted a year of sustained dialogue and substantial cooperation between China and the US in 2015.