Abstract: The new concept of development is the important part of the Xi Jinping's thought on socialism with Chinese characteristics in the new era, and the major innovations the Party making on the theory of development. Its presentation not only originates from the Party Central Committee with Comrade Xi Jinping as the core deeply grasping the current trend in the domestic and international development, but is also rooted in the traditional culture, having profound traditional cultural implications. Among them, the concept of innovative development is the deep and comprehensive inheritance and promotion of the traditional "making new day by day" thought; the concept of the harmonious development is the succession and transcendence of the traditional "valuing harmony" thought; the concept of green development is the scientific development and further enhancement of the traditional "nature-human integration" thought; the concept of open development is the promotion and enrichment of the traditional "valuing communication" concept; the concept of shared development is the modern interpretation and innovative development of the traditional "great harmony" ideal.