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High-quality development

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High-quality development (Chinese: 高质量发展; pinyin: Gāo zhìliàng fāzhǎn) is a political slogan promoted by the Chinese Communist Party (CCP). It was coined by CCP General Secretary Xi Jinping at the 19th CCP National Congress in October 2017 to promote a more sustainable development of the Chinese economy.

History

The term was first used by Xi Jinping at the 19th CCP National Congress in October 2017.[1] During the meeting, he said China was transitioning away from a "high-speed growth phase" to high-quality growth.[2]

In October 2020, the 5th Plenary Session of the 19th CCP Central Committee declared that China "has entered a stage of high-quality development."[3] During the Central Economic Work Conference in December 2023, Xi called high-quality development the "hard truth of the new era".[1] The 3rd plenary session of the 20th CCP Central Committee declared that high-quality development is "the top mission of building a modern socialist country".[4]

Content

The main components of high-quality development include:[5]

  1. Building a high-level socialist market economic system.
  2. Building a modern industrial system.
  3. Comprehensively promoting rural revitalization.
  4. Promoting coordinated regional development
  5. Promoting high-level opening up to the outside world.

References

  1. ^ a b "Xi's Mysterious Economic Slogan Adds to Investor Confusion". Bloomberg News. 5 January 2024. Retrieved 6 February 2025.
  2. ^ "Why China's Xi Is Pushing 'High-Quality Development'". Bloomberg News. 16 July 2024. Retrieved 6 February 2025.
  3. ^ "高质量发展"高"在哪儿？习近平总书记这样解析" [What is the “high” in high-quality development? General Secretary Xi Jinping explains it this way]. China Youth Daily. 8 March 2021. Retrieved 6 February 2025.
  4. ^ "Xi's Big Economic Meeting Shows Party Bracing for Slower Growth". Bloomberg News. 18 July 2024. Retrieved 6 February 2025.
  5. ^ "习近平提出，加快构建新发展格局，着力推动高质量发展" [Xi Jinping proposed to accelerate the construction of a new development pattern and focus on promoting high-quality development]. State Council of China. 16 October 2022. Retrieved 6 February 2025.
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