Global experts laud quality model

Global business leaders and analysts have expressed confidence in China's economic development as the country enters a new era characterized by the pursuit of higher-quality growth.

General Secretary Xi Jinping, in a report he delivered at the opening session of the 19th National Congress of the Communist Party of China two weeks ago, said China's economy has been transitioning from a phase of rapid growth to a stage of high-quality development, which he said is pivotal for transforming the country's growth model.

John L. Thornton, chairman of the board at The Brookings Institution, a US-based think tank, said that China's pursuit of higher-quality growth in the new era is good not only for China but also for the world.