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Quality, efficiency to feature in China's economy


08:30, December 18, 2012

BEIJING, Dec. 17 (Xinhua) -- While others project the growth rate in the world's second largest economy, China itself is reconsidering its growth pattern for 2013 at its tone-setting economic conference.

Over the weekend, Chinese top leaders agreed to take enhancing quality and efficiency of economic growth as the central task during the next year at the two-day central economic work conference.

It marks the first time that quality and efficiency, rather than speed, are center-staged in China's economic growth.

This echoes the earlier remarks of Xi Jinping, newly-elected general secretary of the Communist Party of China Central Committee, who emphasized that economic growth must be concrete and unadulterated, with benefits, quality and sustainability.

It also marks a major shift of the country's central task from solely pursuing economic growth speed to paying more attention to the fitness of its economy.

The key points from the conference include transforming the growth pattern through expanding domestic demand, eliminating imbalances in development through structural adjustments and achieving sustainable and stable social progress through reforms in key sectors.

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