High-Quality Development
China has made significant strides in high-quality economic and social development, especially in five major areas, namely people’s wellbeing, consumption, manufacturing, infrastructure and services, according to a report released on March 31.
The report, jointly released by the Chongyang Institute for Financial Studies at Renmin University of China and cooperative think tanks from the United States, Russia, Canada and India, highlights the “compounding interest” in China’s development.
The continuous accumulation of Chinese modernization can bring compounding-interest-like development to the country, serving as a driving force for sustained economic growth and
