Quality, efficiency to feature in China's economy (2)

Unadulterated growth, as was stressed by Xi, not only refers to abandoning exaggerated statistics, but also indicates a growth that needs no sacrifices of the environment, overlapping construction and high resources cost.

So far, China's efforts in transforming growth pattern has paid off. Official data showed that domestic demand contributed 105 percent of the economic growth in the first three quarters of this year, and 55 percent of domestic demand comes from consumption.

The figure is expected to be propped up further by rural dwellers and low-income urban residents, who will be more inclined to increase their consumption as they gradually benefit from improved medical care and social security systems.

In addition, the progress of urbanization will also contribute to rising domestic demand.

In developed countries, over 70 percent of people live in cities, while in China that ratio is just marginally over 50 percent.

In a country with a population of more than 1.3 billion, each percentage point of urbanization ratio represents an increase of 1.3 million urban residents, which can translate into trillions of yuan of investment and consumption.

Vice premier Li Keqiang noted earlier that with the weakening effect of demographic dividends, continued reforms will be the most remunerative dividends for China's development.