BEIJING, Dec. 17 (Xinhua) -- For China and the world to witness stronger economic growth next year, one thing is needed: stability.
For an international market trapped in fluctuations during a year of surprising events, a new direction in 2017 is a must, something discussed at a recently ended annual economic policy meeting in Beijing.
"Seeking progress while maintaining stability" was the main theme of this year's Central Economic Work Conference, according to a statement released by the conference on Friday. Economic priorities for 2017 were also be hammered out.
With a gross domestic product (GDP) accounting for over 15 percent of the global total, China's growth at 6.7 percent in the third quarter, or between 6.5 percent and 7 percent annually, represents a natural and significant contribution to global economic stability.
That is true more than ever since the International Monetary Fund in October revised down global growth to 3.1 percent for 2016 and 3.4 percent for 2017.
Moreover, the spillover of China's new economic policies will be strongly felt in the ongoing joint construction of the China-proposed Belt and Road Initiative, which will see development of countries along its route.
STABILITY WITH CONTINUED SUPPLY-SIDE STRUCTURAL REFORM
In combination with the growth trend in the second half of 2016, the important messages Chinese policymakers convey at the key annual economic conference will highlight a clear reform course for the world's second largest economy.
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