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Six directions of the Central Economic Work Conference

By Wu Xiaobo | chinadaily.com.cn | Updated: 2016-12-20 06:50

Chinese leaders concluded the Central Economic Work Conference, an annual meeting that decided the country’s economic direction for the next year, in Beijing on Friday.

Ning Jizhe, deputy head of the National Development and Reform Commission and head of the National Bureau of Statistics, expounded the six points agreed by the leaders, at a forum in Beijing on Saturday.

1. New normal

Six directions of the Central Economic Work Conference

A bullet train passes by a flower field in Northwest China's Qinghai province, July 27, 2016. [Photo/Asianewsphoto]

New normal is the general logic of China's economic work at present and in the years ahead. The stage of new normal calls for changes in speed of growth, economic structure and growth drivers, namely, the change from high speed to medium-to-high speed, the change from low-and-medium end to medium-and-high end, and the change from old growth drivers to new growth drivers.

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