China should pay special attention to macroeconomic controls as it headed into a new economic boom, a leading Chinese economist said here.

China's development in the post-crisis era should draw on experience from the past few years, Fan Gan, director of the National Economic Research Institute, told Xinhua while attending the Troika economic forum in Moscow.

Fan attributed China's quick recovery to its successful adjustment over the past several years. China implemented a series of macroeconomic controls, he said, referring to the decision to scale down growth by three to four percentage points to avoid economic bubbles.

One painful lesson from the global economic downturn is that macroeconomic controls should be carried out in boom years to prevent asset bubbles, Fan said.

"The United States forgot about the fact, while the strong economic rebound in China is because of the efforts we made when the economy was growing too fast," he said.

China would continue to halt asset bubbles and take cautious macroeconomic policies in the future, he said, adding "this is very important."

Fan stressed the necessity to stave off the danger of overheating. Developing countries were vulnerable to bubbles, but the problem would not be too serious as long as continued macroeconomic regulation was in place, he said.

The key was to take effective measures and conduct necessary reforms, he said. "I believe China is able to avoid big bubbles, and at least we should strive for this goal."

Fan also said China had a long way to go to reach the end of the transformation of economic development model, citing tough jobs such as cutting the high savings rate and boosting consumer spending.

"Structural changes in developing countries are a process of modernization and economic development," he said.

Touching upon Chinese enterprises' overseas expansion, Fan said those companies had made great efforts and achieved a lot but were still facing a daunting task to improve their competitiveness.