BEIJING, July 18,
2024 /PRNewswire/ -- The third plenary session of the
20th Central Committee of the Communist Party of China concluded in
Beijing on Thursday, having
charted a new course for the nation's foreseeable future under the
guidance of CPC Central Committee General Secretary Xi Jinping.
This pivotal gathering of the leading decision-makers of the
country underscored the Party's unwavering commitment to deepening
reform and advancing Chinese modernization, and set the stage for
the establishment of a prosperous, equitable and sustainable
society.
The session reaffirmed the Party's confidence in the nation's
development path. The approval of the Resolution of the Central
Committee of the Communist Party of China on Further Deepening
Reform Comprehensively to Advance Chinese Modernization is a
testament to the Party's adaptability and forward-thinking approach
to navigating the complexities of the modern world.
As the strategic foresight and determination displayed in the
document indicate, the Party's commitment to comprehensive reform
and high-standard opening-up, which has been instrumental in
steering China through the intricate dynamics of both global and
domestic environments in the past, remains unwavering.
At the heart of the session was the recognition that China is at
a critical juncture in its journey toward modernization and
national rejuvenation and it needs to maintain a delicate balance
between development and security, while advancing socialist
democracy and the rule of law, and enhancing the welfare of the
people and environmental protection.
The approach set out transcends mere economic growth. It is a
holistic vision that seeks to harmonize economic development with
social progress and environmental stewardship, with deepened reform
the cornerstone for Chinese modernization.
It calls for the new development philosophy to steer reform that
deepens supply-side structural reform, improves incentive and
constraint mechanisms for promoting high-quality development, and
strives to create new growth drivers and strengths. All relevant
departments are thus to make all-out efforts to improve the
institutions and mechanisms to foster new quality productive forces
in line with local conditions.
To that end, coordinated efforts are needed to promote
integrated reform of institutions and mechanisms pertaining to
education, science and technology, and human resources, and improve
the new system for mobilizing resources nationwide to make key
technological breakthroughs, so as to boost the overall performance
of China's innovation system.
Notably, as the document indicates, the Party is clearheaded
about the risks and uncertainties the country faces, and relevant
departments are called on to implement various measures to prevent
and defuse risks stemming from the real estate sector, local
government debt and small and medium-sized financial
institutions.
Looking ahead, the session outlined a visionary road map through
2035, with goals including the establishment of a high-level
socialist market economy, significant advancements in governance,
and the basic realization of socialist modernization. By 2029, the
80th anniversary of the People's Republic
of China, the Party aims to have accomplished the reform
tasks set out in the decision, laying a solid foundation for
achieving these long-term objectives. This ambitious timeline
underscores the Party's confidence that the country is heading in
the right direction.
Essentially, as the session stressed, the CPC Central
Committee's authority and its centralized, unified leadership with
General Secretary Xi Jinping at the core are the fundamental
guarantee for the deepening of reforms. As China continues on its
transformative journey, the decisions made at this plenary session
will not only play a crucial role in shaping the nation's
trajectory in the years to come, but also the shaping of a more
harmonious and inclusive world.
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SOURCE China Daily