High-quality development

The term was first used by Xi Jinping at the 19th CCP National Congress in October 2017. During the meeting, he said China was transitioning away from a "high-speed growth phase" to high-quality growth. In October 2020, the 5th Plenary Session of the 19th CCP Central Committee declared that China "has entered a stage of high-quality development." During the Central Economic Work Conference in December 2023, Xi called high-quality development the "hard truth of the new era". == Content ==

The main components of high-quality development include: • Building a high-level socialist market economic system. • Building a modern industrial system. • Comprehensively promoting rural revitalization. • Promoting coordinated regional development • Promoting high-level opening up to the outside world. == References ==