With China's major economic indicators for 2015 released on Tuesday, the country has shown the world a constructive picture of its long-term development and a deeper influence of its new approach to the economy.
With the economy in a "new normal," which features slower growth, the 6.9 percent economic growth rate, China's weakest expansion in the last 25 years, and an industrial output growth of 6.1 percent, did not come as a surprise.
But with output growth for the high-tech industry at 10.2 percent, a 5.6 percent fall of energy consumption per unit of GDP and a 7.4 percent rise of national per capita disposable income, China's performance still fared better than other global economies when viewed against an international backdrop.
To secure the direction and development pattern for the world's second largest economy, Chinese leadership proposed development concepts of innovation, coordination, green development, opening up and sharing in the country's roadmap for social and economic development covering 2016-2020 in last October.
This new approach is in reaction to many bitter lessons, the situation at home and abroad, and the singling out of prominent problems China has encountered. Chinese President Xi Jinping has expounded on the approach on different occasions.
During his inspection tour in the southwest municipality of Chongqing earlier this month, Xi hailed the new concepts as "a prescription" for the faltering global recovery and domestic economy. "The new development concepts must be translated into practices," Xi said at a symposium attended by ministers and provincial officials on Monday.
To ensure the concepts are correctly applied to practices, any thinking and practice that is not in line with the new development approach must be adjusted, which has heralded a significant change in China's development mode.
The concepts of innovation, coordination, green development, opening up and sharing should guide and give focus to the country's path towards a more efficient, fair and sustainable mode of development.
Under these guiding principles, China has embarked on a journey of breaking old patterns of development. Highlighting innovation as the new engine driving the economy, China is shifting away from the obsolete GDP-obsessed evaluation system and the growth mode counting on intensive resource consumption or investment.
Meanwhile, China has called for coordinated development among different regions and the urban and rural areas, urging officials nationwide to shake off the mentality of "every man for himself." Chinese leadership has turned to "green development," avoiding the mode of "pollute first, clean up later" and fostering harmonious coexistence between mankind and nature, which will benefit its longer-term development.
In addition, China has further opened up to the globe and backed development proposals aiming to build a community of common destiny, including the Belt and Road Initiative and the Asian Infrastructure Investment Bank. Stressing the fact it will share in its development,the country has promised to lift more than 70 million people out of poverty before 2020 and build a better social security network to ensure all Chinese people can feel and share the progress made.
Empty talk will lead China nowhere. The new development concepts, if translated into concrete practices, will definitely create new opportunities for development as well as contribute to unleashing China's growth potential in the future.
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