China's GDP expected to top $10 trillion by 2014

China's GDP is projected to reach 10 trillion dollars by 2014.

However, experts said that China should stress key reforms to improve quality of growth, rather than emphasizing GDP alone.

According to the China Daily, figures from the National Bureau of Statistics reveal China's gross domestic product (GDP) expanded 7.7 percent in 2013 from the previous year, overshooting the government target of 7.5 percent to reach 56.9 trillion yuan (about 9.3 trillion dollars).

If this year's economic growth target is achieved and the current USD to yuan exchange rate remains stable, China's GDP could top 61.1 trillion yuan by 2014 end, making China the world's second-largest economy, the report said.

Despite recent depreciation, China's currency, the yuan or RMB, is expected to remain stable or appreciate, given the strong fundamentals of the Chinese economy, the report added.