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Economic Work Conference of CPC Central Committee Held in Beijing
The Economic Work Conference of the Central Committee of the Communist Party of China (CPC) was held in Beijing from Dec. 9 to 11, 2014. It was agreed at the conference that China’s economy has evolved into a stage with a more advanced form, a more complex functional division, and a more reasonable structure; the economic development has entered a “new normal” with a mid-high-speed growth rate replacing the high-speed growth; the economic development mode is shifting from a scale- and speed-oriented extensive growth to a quality- and efficiency-oriented intensive growth; the economic structure is shifting from capacity expansion to stock adjustment and incremental optimization; the impetus for economic development is shifting from traditional growth sources to new sources, etc. The conference proposed a strategy of optimizing the spatial layout of economic development. Emphasis should be placed on completing regional policies and promoting the coordinated and joint development of different regions. The overall regional development strategy, i.e., the development of western regions, the revitalization of northeastern regions, the rise of central regions, and the prioritized development of eastern regions, should be further implemented. Each region should clarify its own advantages and the positioning of its dominant functional area. Importance should be attached to the development of the “One Belt and One Road,” as well as to the coordinated development of the Beijing-Tianjin-Hebei Region, and the development of the Yangtze River Economic Belt. Reform and innovation should be carried out to break regional blockades and interest barriers, so as to fully improve the efficiency of resource allocations. Promoting the healthy development of urbanization is an important part of optimizing the spatial layout of economic development, which should be treated with great patience. Efforts should be made to accelerate the reform of the planning system, complete the spatial planning system, and promote the “multi-plan integration” at city and county levels. At the same time, energy conservation and emission reduction as well as a protection of the ecological environment should be consistently carried out with effective measures and sustainable institutional arrangements. 

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