New leaders have vision and strategy, but also need courage and determination to tackle entrenched resistance to change

After six years of weighing the options, China is now firmly committed to implementing a new growth strategy. At least, that's the message from the just-completed annual China Development Forum, one of China's most important dialogues with the outside world.

There were no surprises in the basic thrust of the strategy: a structural shift in China's investment- and export-led growth model toward a more balanced consumer-based and services-led economy. Such a transformation reflects both necessity and design.