Quality focus augurs well for economy

China's quality-focused growth model and its further opening-up will benefit the global economy and international governance systems, officials said.

The emphasis on the quality of economic growth rather than quantity and stressing the environment protection issue in the report to the 19th National Congress of the Communist Party of China by General Secretary Xi Jinping two weeks ago has been remarkable, said Alfred Schipke, senior resident representative for the International Monetary Fund in China.

"There is no need of further policy stimulus in China, although it may stabilize growth in the short term," suggested the IMF official at a seminar on international economic governance reform, hosted by the International Economics and Finance Institute under the Ministry of Finance on Saturday.