BEIJING, July 15,
2024 /PRNewswire/ -- The Third Plenary Session of the
20th Communist Party of China
(CPC) Central Committee convenes in Beijing from Monday to Thursday, attracting
high attention globally. An article by Bloomberg entitled "Why
China's Third Plenum Matters for Global Investors" highlighted that
"The Third Plenum stands out for its potential impact on the
world's second-largest economy." For the world, the Third Plenum
serves as an important window for outsiders to understand
China's high-quality development
and high-level opening-up.
This Third Plenary Session will primarily examine issues related
to further comprehensively deepening reform and advancing Chinese
modernization, and reviewing the draft of The CPC Central
Committee's Decision on Further Comprehensively Deepening Reform
and Advancing Chinese Modernization. This is a guiding document for
China to further comprehensively
deepen reform in the new journey, scientifically planning the
overall deployment of further comprehensively deepening reform
around Chinese modernization, and giving China's development direction a high degree of
certainty, coherence, and continuity. This is not common among the
major countries in the world, which also means stable expectations
for the world.
Reform is driven by problems and deepens through continuous
problem-solving. Against the backdrop of the unprecedented changes
in the world in a century, advancing Chinese modernization also
faces new situations and new problems. The importance of this
meeting lies in the fact that it not only symbolizes a new
historical period of China's
reform and opening-up, but also demonstrates China's determination to overcome difficulties
with greater strength and more specific policies, promoting the
country's comprehensive development and further opening-up to the
outside world. It is easy to feel that reform and opening-up have
become a firm belief in Chinese society. With strong institutional
guarantees, it will mean further liberation of thinking, liberation
and development of social productivity, liberation and enhancement
of social vitality, thereby promoting social fairness and justice,
and enhancing the well-being of the people. It can be expected that
through a series of reform measures and policy guidance,
China will achieve new
achievements in economic, social, and legal construction, further
improving the living standards of the people, and achieving the
goal of common prosperity.
Practice has proven that the Third Plenary Session of the
11th CPC Central Committee and the Third Plenary Session of
the 18th CPC Central Committee are both epoch-making. Some British
media outlets stated that since the reform and opening-up, each
Third Plenary Session has focused on economic reform, often playing
an important role in China's
development. The Third Plenary Session often carries the
expectation of formulating and implementing major economic reform
policies. This observation on Chinese politics, which is quite
"well-informed," is not accidental. It is a stable expectation
formed internationally and domestically since China's reform and opening-up. Therefore, the
international media is paying close attention to the specific
reform measures that will be introduced at this Third Plenary
Session. For China and the world,
the sense of stability conveyed through a stable political agenda
and rhythm is equally important.
The Third Plenary Session of the 20th CPC Central Committee
will declare to the world that China is firmly committed to the path of
reform and opening-up. Through deeper and higher-level two-way
opening-up, China is dedicated to
promoting the construction of an open world economy for the benefit
of all countries. Through deeper and higher-level two-way
opening-up, China is dedicated to
promoting the construction of an open world economy for the benefit
of all countries. The proportion of China's total economic output in the world
economy has risen from around 12.3 percent over a decade ago to
about 18 percent now, and China's
contribution to global economic growth has remained at around 30
percent in recent years. The outside world expects China to continue promoting high-quality
development and high-level opening-up, hoping that the Third
Plenary Session of the 20th CPC Central Committee will bring more
good news to encourage innovation, stimulate market vitality, and
optimize the business environment. This is natural and one of the
reasons why the Third Plenary Session of the 20th CPC Central
Committee is so highly anticipated.
Under the successful practice of steady and solid development in
China, the whole world now knows
that there is more than one path to modernization. The Third
Plenary Session of the 20th CPC Central Committee will more
clearly demonstrate to the world how the Chinese modernization path
will be achieved and where it will lead. This is of great
significance to "Global South" countries and the entire world.
Michael Schumann, chairman of the
Board of the German Federal Association for Economic Development
and Foreign Trade, said that observing how Chinese modernization
continues to advance, and what people in the West can learn from
it, will be very inspiring.
The exploration of China on the
path of modernization has a significance at the level of human
civilization, and the Third Plenary Session of the 20th CPC
Central Committee will be an important milestone in this process.
The Third Plenary Session of the 20th CPC Central Committee is not
only an important theoretical conference for promoting Chinese
modernization in the new era, but also a high-level conference for
opening-up to the outside world. The giant ship of China is steadily moving toward a determined
direction, bringing opportunities, confidence, and win-win outcomes
to the world. The reform and opening-up of China continuously provide positive energy for
global development. This Third Plenary Session will once again
prove this point.
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SOURCE Global Times