China’s highly-influential media outlet, Global Times, is out with the key highlights from the country’s Plenary Session, chaired by President Xi Jinping.

President Jinping, apparently, laid out China’s secret recipe for its economic miracle.

Key takeaways

1. Development is the absolute principle.
2. Deepen reform.
3. Stick to opening-up.
4. Innovation is the primary driving force behind development.
5. Unswervingly consolidate & develop the public economy; Unwaveringly encourage, support and guide the development of the non-public sector.
6. Promote the better integration of an efficient market and a capable government.
7. Adhere to the general principle of pursuing progress while ensuring stability
   Uphold Party's leadership.

Market reaction

USD/CNY is trading 0.09% up on the day, currently at 6.3942.