Highlights of China's Central Economic Work Conference  

中央经济工作会议闭幕 要求努力保持经济稳定增长

中央经济工作会议12月11日在北京闭幕。“稳中求进”连续第四年成为中国经济工作总基调。“努力保持经济稳定增长”被列为2015年中国五大经济任务之首。“一带一路”、京津冀协同发展、长江经济带首度并列成为中国优化经济发展空间格局的三大战略。[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.