China to improve mechanisms for high-quality development

BEIJING, Dec. 20 (Xinhua) -- China must build and improve the mechanisms for pushing forward high-quality development, according to a statement released after the Central Economic Work Conference which concluded Wednesday.

"High-quality development is the fundamental requirement for determining the development path, making economic policies, and conducting macroeconomic regulation at present and in the period to come," according to the statement.

China must create the indicators, policies, standards, statistical and performance assessment systems that can push ahead high-quality development, it said.