The report's conclusions were based on research and opinions of experts and scholars at the Chinese Academy of Science, the Ministry of Science and Technology and China's elite universities.
These predictions were based on China's economic growth from 1980 to 2004.
The report found that by 2015, the country's social and economic indicators would reach levels comparable to those in developed countries during the 1960s.
China has enjoyed a continuous average annual growth rate of 9.6 percent since beginning to reform its economy and opening up to the outside world.
The report lists 10 indicators for measuring industrialization. It said China had succeeded in six of them, including life expectancy, adult literacy and access to higher education.
However, the four remaining measures, namely per-capita gross national product (GNP); the value added of the service industry; the proportion of the work force in agriculture; and the percentage of urban residents within the total population, still needed a lot of work.
China's economy has expanded swiftly in the past three decades, with the country's gross domestic product (GDP) growing by 10.7 percent in 2006.
However, this has come at a huge ecological cost. Last year, the government failed to meet its own targets for energy consumption and pollution reduction.
The central government announced eight economic priorities for 2007 last month, with environmental protection listed third following macro-economic controls and agricultural development.
"The government needs to ensure that economic development will not result in further environmental deterioration in the next 50 years," said He.
The experts worked on the report made a joint recommendation that the country establish three new high-level government bodies: an environment ministry, an energy ministry and a regional development agency to ensure environmental and energy security, as well as coordinate regional development problems.