Xi Jinping Thought on Economy ( zh, 习近平经济思想) is the current economic doctrine of the People's Republic of China. It is a part of the larger

Xi Jinping Thought Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, commonly abbreviated outside China as Xi Jinping Thought, is a political doctrine created during General Secretary Xi Jinping's leadership of the Chinese Communist ...

, which is derived from the

General Secretary of the Chinese Communist Party The general secretary of the Central Committee of the Chinese Communist Party ( zh, s=中国共产党中央委员会总书记, p=Zhōngguó Gòngchǎndǎng Zhōngyāng Wěiyuánhuì Zǒngshūjì) is the leader of the Chinese Communist Part ...

Xi Jinping Xi Jinping, pronounced (born 15 June 1953) is a Chinese politician who has been the general secretary of the Chinese Communist Party (CCP) and Chairman of the Central Military Commission (China), chairman of the Central Military Commission ...

. It was established during the

Central Economic Work Conference The Central Economic Work Conference is an annual meeting held in the People's Republic of China which sets the national agenda for the economy of China and its financial and banking sectors. It is convened jointly by the Central Committee of the ...

, held in December 2017.

History

Many contents of the Xi Jinping Thought on Economy originate from the Double Eight Strategy drafted when Xi was the Party Secretary of Zhejiang, which listed eight comparative advantages of Zhejiang and eight corresponding actions to improve the province. On 12 March 2016,

Xinhua News Agency Xinhua News Agency (English pronunciation: ),J. C. Wells: Longman Pronunciation Dictionary, 3rd ed., for both British and American English or New China News Agency, is the official state news agency of the People's Republic of China. It is a ...

published an article stating that Xi Jinping’s political economy had eight aspects: "people-centered", "moderately well-off", "basic economic system", " new development concept", "'two-handed' theory", "new normal", "supply side", and "open economy". The Xi Jinping Economic Thought on Socialism with Chinese Characteristics for a New Era was put forward during the

on 18 December 2017. In 2021, it was shortened to Xi Jinping Thought on Economy. In July 2021, the ''

People's Daily The ''People's Daily'' ( zh, s=人民日报, p=Rénmín Rìbào) is the official newspaper of the Central Committee of the Chinese Communist Party (CCP). It provides direct information on the policies and viewpoints of the CCP in multiple lan ...

'' reported that a Xi Jinping Economic Thought Research Center would be established in the

National Development and Reform Commission The National Development and Reform Commission (NDRC) is the third-ranked executive department of the State Council of the People's Republic of China, which functions as a macroeconomic management agency. Established as the State Planning C ...

. On 18 January 2022, the center was launched with the approval of the

CCP Central Committee The Central Committee of the Chinese Communist Party, officially the Central Committee of the Communist Party of China, is the highest organ when the national congress is not in session and is tasked with carrying out congress resolutions, d ...

The Outline for Studying Xi Jinping Thought on Economy, which was compiled by the

Publicity Department of the Chinese Communist Party The Publicity Department of the Central Committee of the Chinese Communist Party, also known as the Propaganda Department or Central Propaganda Department, is an internal division of the Central Committee of the Chinese Communist Party (CCP) ...

and the National Development and Reform Commission summarizes the basic contents of Xi Jinping Thought on Economy into thirteen aspects: * Strengthening the Party’s overall leadership over economic work. * Adhering to the people-centered development philosophy. * Entering a new development stage. * Adhering to the

new concept for development New concept for development or the new development philosophy ( zh, s=新发展理念, hp=Xīn Fāzhǎn Lǐniàn), also called the five major development concepts ( zh, s=五大发展理念, hp=Wǔdà fāzhǎn lǐniàn), is a political slogan promot ...

. * Building a new development pattern. * Promoting

high-quality development High-quality development ( zh, s=高质量发展, hp=Gāo zhìliàng fāzhǎn) is a political slogan promoted by the Chinese Communist Party (CCP). It was coined by CCP General Secretary Xi Jinping Xi Jinping, pronounced (born 15 June 195 ...

. * Adhering to and improving the socialist basic economic system. * Adhering to problem-oriented deployment and implementation of major national development strategies. * Adhering to innovation-driven development. * Vigorously developing manufacturing and the real economy. * Unswervingly expanding opening up in an all-round way. * Coordinating development and security. * Adhering to correct work strategies and methods is the methodology for doing a good job in economic work.

References

{{Xi Jinping Xi Jinping Thought Eponymous economic ideologies

History

Contents

References