New growth mandate

The Chinese authorities' latest promise to focus on the quality and efficiency of economic growth next year fully bespeaks their strong commitment to the country's ongoing economic transformation.

Domestically, it will inspire people who are eager to see their per capita income as well as the country's GDP double by 2020.

To fulfill the growth blueprint announced at the 18th National Congress of the Communist Party of China last month, the country must rapidly transform its growth model to rely more on domestic consumption for balanced and sustainable growth.