1st LD: Xi stresses new concepts to guide economic work in 2018

BEIJING, Dec. 8 (Xinhua) -- China should implement new concepts and focus on new targets in its economic work next year, Xi Jinping, general secretary of the Central Committee of the Communist Party of China (CPC), has said.

Xi made the remarks at a symposium attended by representatives of non-Communist parties and those without party affiliations on Wednesday.

"The essential feature of the economy at the present stage is that it is in a transitional period from a phase of rapid growth to a stage of high-quality development," Xi said.

"From the present to the near future, high-quality development is the fundamental requirement in determining development ideas, formulating economic policies and implementing macro-control measures," he said.

Achieving high-quality development is imperative for China to maintain sustainable and healthy development of the economy and society, according to Xi.

It is also imperative to adapt to the shift of the principal contradiction facing society and to fully build a modern socialist country, he said. Enditem