A new economic doctrine proposed by President Xi Jinping is taking shape, Chinese leaders said as the annual Central Economic Work Conference concluded on Wednesday.
“Xi Jinping Thought on Socialist Economy with Chinese Characteristics for a New Era” will now be applied to economic decision-making in the country.
Let’s take a look at what Xi has said about the economy since the 19th National Congress of the Communist Party of China.
Economic growth
“China’s economy had the foundation, condition and impetus to maintain stable growth and sound momentum.”
— In a congratulatory letter to the 2017 Fortune Global Forum in Guangzhou on Dec 6, 2017
“At the present stage, the basic feature of China’s economic development is the transition from a phase of rapid growth to a stage of high-quality development.”
— At a collective study session of the CPC Central Committee’s Political Bureau in Beijing on Dec 8, 2017
“Chinese economy will remain a main driver of global growth as China recorded an average annual growth of 7.2 percent over the past four years and contributed 30 percent to the global economy.”
— In a keynote speech at the 25th APEC Economic Leaders’ Meeting in Vietnam on Nov 10, 2017
Open economy
“China will not close its doors and will open even wider.”
— At the closing ceremony of a dialogue between businessmen from China and US in Beijing on Nov 9, 2017
“Next year will mark the 40th anniversary of China’s reform and opening-up…Looking ahead, China will open still wider and its development will deliver even greater benefits to the rest of the world.”
—- In a keynote speech at the 25th APEC Economic Leaders’ Meeting in Vietnam on Nov 10, 2017
“China would develop the open economy to a higher level, promote the Belt and Road Initiative, and push for a new pattern of all-round opening-up.”
— In a congratulatory letter to the 2017 Fortune Global Forum in Guangzhou on Dec 6, 2017
“All this will…enable more countries to board the express train of China’ s development.”
—- In a keynote speech at the 25th APEC Economic Leaders’ Meeting in Vietnam on Nov 10, 2017
Real economy
“In developing a modernized economy, we must focus on the real economy, give priority to improving the quality of the supply system, and enhance our economy’s strength in terms of quality.”
— At the opening session of the 19th CPC National Congress on Oct 18, 2017
“As a big country, China must keep emphasizing development of the real economy…Manufacturing is essential to the real economy, which should be driven by innovation and key technologies.”
— During inspection tour in Xuzhou, Jiangsu province, from Dec 12 to 13, 2017
Xi Jinping meets with delegates, specially invited delegates and non-voting participants of the 19th CPC National Congress at the Great Hall of the People in Beijing, Oct 25, 2017. [Photo/Xinhua]
Supply-side structural reform
“We should pursue supply-side structural reform as our main task, and work hard for better quality, higher efficiency, and more robust drivers of economic growth through reform.”
— At the opening session of the 19th CPC National Congress on Oct 18, 2017
China will firmly stick to reform and opening-up, deepen supply-side structural reform and put forward practical measures to boost opening-up.”
— At the closing ceremony of a dialogue between businessmen from China and US in Beijing on Nov 9, 2017
“Over the past five years, we have taken proactive steps to adapt to, manage and steer the new normal of China’s economy and deepened supply-side structural reform.”
— In a keynote speech at the Asia-Pacific Economic Cooperation CEO Summit on Nov 10, 2017
Digital economy
“Efforts should be made to advance national big data strategy, improve digital infrastructure, promote integration and sharing of digital resources, and safeguard data security.”
— At a collective study session of the Communist Party of China Central Committee’s Political Bureau in Beijing on Dec 8, 2017
“China is encouraging other countries to board the express train of its internet and digital economy development.”
— In a congratulatory message to the opening of the Fourth World Internet Conference in Wuzhen, Zhejiang province, from Dec 3 to 5, 2017
“We will work faster to build China into a manufacturer of quality and develop advanced manufacturing, promote further integration of the internet, big data, and artificial intelligence with the real economy.”
— At the opening session of the 19th CPC National Congress on Oct 18, 2017
Coordinated development strategy
“We will relieve Beijing of functions nonessential to its role as the capital and use this effort to drive the coordinated development of Beijing-Tianjin-Hebei region; we will develop forward-looking plans and adopt high standards for building Xiongan New Area.”
— At the opening session of the 19th CPC National Congress on Oct 18, 2017
“We will create networks of cities and towns based on city clusters, enabling the coordinated development of cities of different sizes and small towns, and speed up work on granting permanent urban residency to people who move from rural to urban areas.”
— At the opening session of the 19th CPC National Congress on Oct 18, 2017
