Since late 2017, “high-quality growth” has been the major theme of the most important events on China’s political calendar, including the 19th National Congress of the Communist Party of China held in mid-October 2017, the Central Economic Work Conference held in December 2017, and the annual legislative meetings of the National People’s Congress and National People’s Political Consultative Conference, known collectively as the two sessions and held in March.
Declaring that China’s economy has entered a “pivotal” stage and is facing a “historic shift” in people’s demand, China’s central leadership has now adopted high-quality growth as the “new path” of China’s economy. But how significant is the new jargon? What kinds of policy changes could it bring? And how can it be implemented at the local level in the future? ChinaReport investigates.