Sustainable economy on the horizon

Experts say further expansion needs to focus on quality, not quantity, of growth

China's pursuit of high-quality development, which is expected to be discussed at this year's Central Economic Work Conference, means the country will shift toward a more sustainable and intensive way of expansion that will contribute to global prosperity, analysts said.

In the report that he delivered to the 19th National Congress of the Communist Party of China in October, Xi Jinping, general secretary of CPC Central Committee, said the world's second-largest economy was evolving from the phase of a high rate of growth to the stage of high-quality development.