Xiconomics: How people-centered philosophy navigates China's high-quality growth, common development

BEIJING -- Economic growth has little meaning unless it can give people a better life. China takes aim at a 5.5-percent growth target for 2022, vowing to create more than 11 million urban jobs and place development and people's livelihoods front and center.

As Chinese President Xi Jinping has said, "To meet people's desire for a happy life is our mission."

The people-centered approach, embodied in Xi's economic thought widely known as "Xiconomics," is charting course for China's high-quality growth and common development of all nations through win-win cooperation.