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DAVOS, Switzerland, Jan. 24-- Liu He, a senior Chinese official, Wednesday elaborated on the top-level planning of China's economic policy for the next few years at the World Economic Forum (WEF) held in this Swiss resort. "In a nutshell, this policy centers around a key necessity, a main task and three critical battles," said Liu, a member of the Political Bureau of the Communist Party of China Central Committee and director of the General Office of the Central Leading Group for Financial and Economic Affairs. Liu also pledged that China will open wider to the world across the board. KEY NECESSITY In his speech at the WEF, Liu stressed the necessity to transit the Chinese economy from a phase of rapid growth to one of high-quality development. "Our focus needs to change from 'Is there enough?' to 'Is it good enough?'," he said. Such a transition, he said, is the context in which China formulates its macroeconomic, structural, reform and social policies in the coming years. "China's per capita income is moving up from the current level of 8,000-plus to 10,000 U.S. dollars and even higher. At such a stage of development, China needs to put more emphasis on structural improvement rather than quantity expansion," he said. As China opens up wider to the outside world, this transition to a new model of development will create huge opportunities for many new industries. | 
