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ECONOMY

China’s Leaders Aim for ‘High Quality’ Growth

The Central Economic Work Conference said the economy would be developed based on “Xi Jinping Thought on Socialism With Chinese Characteristics for a New Era.” Photo: Xinhua
The Central Economic Work Conference said the economy would be developed based on “Xi Jinping Thought on Socialism With Chinese Characteristics for a New Era.” Photo: Xinhua

China’s annual Central Economic Work Conference – chaired by President Xi Jinping and attended by top policymakers – concluded Wednesday with a pledge to focus on creating “high quality” growth in the world’s second-largest economy.

“China's economy has transitioned from a phase of rapid growth to a stage of high-quality development,” said a conference statement released by the official Xinhua News Agency. “China will further its supply-side structural reform in the coming year with more effort to improve economic quality.”

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