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10 High-quality development

The Central Economic Work Conference concluded on Dec 20.

According to the conference, as socialism with Chinese characteristics has entered a new era, China's economy development also has entered the new era.

At the present stage, the basic feature of China's economic development is the transition from a phase of rapid growth to a stage of high-quality development, said a statement released after the conference.

Realizing high-quality development is a must for sustaining healthy and stable economic development and adapting to changed principal contradiction of the Chinese society, said the statement.

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