The National Development and Reform Commission (NDRC), China's top economic planner, has recently surveyed local economic operations in a number of provinces and cities with the aim of getting to learn about the real situation of local economies as a reference for next year's tone-setting, financial information provider aastocks.com reported on Monday, citing unidentified sources.

So far, the survey results showed the growth target for 2015 will inevitably be revised down from about 7.5 percent set for this year, according to the report.

The NDRC could not be immediately reached for comment.

The report echoed unconfirmed rumors that the country's Central Economic Work Conference, which is set to convene in December, may likely cut the annual growth target to about 7 percent or even lower for 2015, US-based financial news agency Market News International reported on Wednesday.

Other than the growth target revision, the country's M2 broad money supply will likely be reduced to 12 percent in 2015 from this year's 13 percent, while the annualized inflation rate is slated to be kept unchanged at 3.5 percent for 2015.

The Chinese economy expanded in the third quarter at its slowest pace in nearly six years, growing 7.3 percent year-on-year, official data showed, putting its annual growth target at risk.

Conveying an optimistic outlook for the cooling Chinese economy at a meeting of the G20 in Australia on Saturday, President Xi Jinping said that the economy is on course to maintain strong, sustainable and balanced growth, according to Xinhua News Agency.

Xi also said China will provide more demand and investment opportunities for the global economy as it undergoes structural reforms that foster opportunities for growth

Using his latest catchphrase, Xi said China's economy has entered a "new normal" and that there is plenty of growth momentum and development prospects are bright, Xinhua reported.