Chinese government invited some of the top global bankers and economists Tuesday to discuss the country's development strategy for the next five years. It is the first time that China invites international expertise to advise on goals and policies of its key Five-year Plan.

According to officials and experts attending an international seminar hold by the National Development and Reform Commission (NDRC), it was very important for China to consider its development strategy more from a global perspective as China has been increasingly incorporated with the world economy.

China has started the work on formulating the 12th Five-year Plan (2011-2015), said Xu Xianping, vice minister of the NDRC, the country's top economic planning body.