The concept of high-quality development was first introduced in the report delivered by Xi Jinping at the 19th National Congress of the Communist Party of China in 2017. The report emphasized that “China’s economy has been transitioning from a phase of rapid growth to a stage of high-quality development.”
Since then, China has enriched and enhanced its policies focusing on this development. Through persistent practice and reform, significant achievements have been made. High-quality development has now evolved into the underlying logic guiding China’s development in the new era.
Despite such a profound shift in China’s development logic, the concept of high-quality development has yet to receive sufficient attention from the wider international community. Many have noted changes in China’s macroeconomic policies, its advancements in green technology and environmental protection, and the monumental achievement of eradicating absolute poverty. However, there remains a dearth of systematic comprehension regarding the underlying causes of these transformations.
New development philosophy
High-quality development is defined as innovative, coordinated, green, open and shared development. The formation of the new philosophy is a profound and systematic change, based on policy practices
