Chinese President Xi Jinping called for speeding up the work of modernizing the economy, and urged the party members to understand its importance. President Xi made the remarks during the third group study of the Political Bureau of the 19th CPC Central Committee on Tuesday. He said the party must have a deep understanding on why the country has to modernize its economy, and make that a high priority. Xi also said, economic development is a strategic goal for the country, as China faces increasing international competition, that the government should provide additional support for the modernization.