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"From a traditional manufacturing city that relies on labor and resources to a smart city focusing on intelligent manufacturing, Wuxi's progress demonstrates the transformation of the manufacturing sector in Jiangsu, and even in China," said Huang Qin, executive deputy mayor of Wuxi.

"Five of our employees are local villagers," the 48-year-old said, adding that the guesthouse provided closer job opportunities for workers in Haoyuan village.

"For those who set their sights on forming new enterprises, they need infrastructure, such as innovation parks, as well as resources including suitable financial products and experienced tutors who can offer targeted guidance," he said.

"Grain output reduction may hold back increases in farmers' income, given the reduction in fields sown in the short run," Li said. "But in the long run, the policy change will benefit farmers" because China will increase transfer payment funds to the countryside and put more fiscal resources in its poverty-reduction campaign, both of which will raise farmers' incomes.

"Given China's record of successful reforms in the past decades, and the authorities' strong commitment and determination, we are confident that China will rebalance to a sustainable growth model," he said upon concluding a visit to China last month.