Top leaders in Beijing have pledged to rebalance China's economy to rely more on innovation and entrepreneurship to help drive growth amid the continuing slowdown. The pledge came during yesterday's Politburo meeting, chaired by President Xi Jinping , in which the Communist Party's decision making body reviewed the government's draft annual work report, according to Xinhua. The report is to be delivered by Premier Li Keqiang at the annual parliamentary sessions in March. The leaders also reviewed a report on the sweeping discipline inspections into 31 provinces and Xinjiang Production and Construction Corps. The Politburo stressed that the country must make innovation a new driving force of its economy and improve its mechanism for risk mitigation, as slowing growth had become the "new normal". It said the central government would give full support to entrepreneurship and more attention to public goods services. Improving the quality of the country's economic growth would be the main focus of the mainland government this year, the Politburo said. The government will continue to maintain "proactive fiscal and prudent monetary policies", and further streamline the administrative approval process to push financial reforms forward. Regional officials on the mainland have long been obsessed with gross-domestic-product figures and the speed of growth, as these are the major criteria they are judged on in performance and promotion reviews. Most economists expect China to target gross domestic product growth of 7 per cent in 2015 after experiencing the slowest expansion in 24 years of 7.4 per cent in 2014. The Politburo said the country stabilised its economy last year, and that expansion was "reasonable". During their review of the inspections carried out by the party's graft watchdog last year, the state leaders said that the sweeping inspections had successfully deterred officials from corruption. However, they cautioned that the whole party needed to remain alert that the "complicated" battle continued.