Govt's role counts

While stressing the market's decisive role in resource allocation, experts said Xi's economic thought contrasts with laissez-faire doctrines and reflects the features of China's socialist system.

It upholds the active role of the Party and the government when it comes to areas that are beyond the market's capability. Such areas cover macro-control, public services, market supervision, social management and environmental protection, they said.

As the recent plenary meeting of the 19th CPC Central Committee said, the country will pursue a better combination of an effective market and a capable government in the coming five years.

"Any effective market cannot work without a capable government, and every capable government needs to respect laws of the market and adopt it as the premise," said Wang Qingxian, Party secretary of Qingdao, Shandong province.