The decision summarizes the historic achievements in the institutional building of socialism with Chinese characteristics, outlines the notable strengths of China's state and governance systems, expounds on the fundamental, basic and important institutions that underpin the system of socialism with Chinese characteristics, specifies the targets and tasks concerning how to uphold and improve the system of socialism with Chinese characteristics and advance the modernization of China's system and capacity for governance.

8. CHINESE ECONOMY MAINTAINS STEADY GROWTH AGAINST HEADWINDS

The Central Economic Work Conference was held in Beijing from Dec. 10 to 12. It was agreed at the meeting that under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, China has kept pursuing progress while ensuring stability, focused on its supply-side reform, promoted high-quality development, made solid progress in ensuring economic stability, and maintained healthy economic and social development. Meanwhile, the country's progress in achieving the major tasks of the 13th Five-Year Plan met expectations, and new major steps have been made toward finishing the building of a moderately prosperous society in all respects.

China's major annual development targets and tasks can be well completed, and its economic growth rate leads world's major economies. It is estimated that more than 10 million people and about 340 poverty-stricken counties have been lifted out of poverty in 2019.

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