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.
"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