Highlights of China's Central Economic Work Conference  

中央經濟工作會議閉幕 要求努力保持經濟穩定增長

中央經濟工作會議12月11日在北京閉幕。“穩中求進”連續第四年成為中國經濟工作總基調。“努力保持經濟穩定增長”被列為2015年中國五大經濟任務之首。“一帶一路”、京津冀協同發展、長江經濟帶首度并列成為中國優化經濟發展空間格局的三大戰略。[查看全文]

China's leaders and senior officials concluded the three-day Central Economic Work Conference Thursday, a crucial meeting aiming to set the tone for economic policies in 2015.

The government will strive to keep economic growth and policies steady and adapt to the "new normal" of slower speed but higher quality.

The following are highlights of the statement issued after the meeting:

REVIEWING 2014

-- China can deliver its social and economic goals for 2014 "relatively well."

-- The economy will stay within a reasonable range, with positive changes emerging in the economic restructuring.

-- The economy still faces many difficulties and challenges, with "relatively big" downward pressures.

NEW NORMAL

-- We must understand the new normal, adjust to the new normal, and develop under the new normal.

-- Coming to terms with the new normal will be the "main logic" for economic growth for some time.

-- Chinese economy has entered the new normal, featuring a shift from high speed growth to a medium-to-high one.

-- The focus of economic growth will be shifting from quantity and speed to quality and efficiency.

-- Economic momentum is increasingly driven by new engines rather than old ones.

-- The new normal has not changed the strategic importance of a period that will see great achievements, nor the fundamentals of the Chinese economy.