Strong guarantee given to realize national rejuvenation: China Daily editorial

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 leadership of General Secretary of the CPC Central Committee Xi Jinping.

This crucial gathering of the country's top decision-makers underscored the Party's unwavering commitment to deepening reform and advancing China's modernization, and paved the way for building a prosperous, equitable and sustainable society.

The session reaffirmed the Party's confidence in the country's development path. The approval of the Resolution of the Central Committee of the Communist Party of China on Comprehensively Deepening Reform to Advance China's Modernization testifies to the Party's adaptability and forward-thinking approach to dealing with the complexities of the modern world.

As indicated by the strategic vision and determination displayed in the document, the Party's commitment to comprehensive reform and high-level opening-up, which has played a decisive role in guiding China through the complex dynamics of 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 must maintain a delicate balance between development and security, while advancing socialist democracy and the rule of law, and improving people's well-being and environmental protection.

The proposed approach goes beyond mere economic growth. It is a holistic vision that seeks to harmonize economic development with social progress and environmental protection, with in-depth reform as the cornerstone of China's modernization.

It calls for a new development philosophy to guide reforms that deepen supply-side structural reform, improve incentive and constraint mechanisms to promote quality development, and strive to create new growth drivers and forces. All relevant departments should therefore make every effort to improve institutions and mechanisms to foster new quality productive forces in line with local conditions.

To this end, coordinated efforts are needed to promote integrated reform of institutions and mechanisms relating to education, science and technology, and human resources, and improve the new system of nationwide resource mobilization to achieve key technological breakthroughs, so as to boost the overall performance of China's innovation system.

It is worth noting that, as the document states, the Party is clear-eyed about the risks and uncertainties facing the country, and relevant departments are called upon to implement various measures to prevent and defuse risks arising from the real estate sector, local government debt and small and medium-sized financial institutions.

The session set out a visionary road map through 2035, with goals including building a high-standard socialist market economy, making significant advances in governance, and fundamentally realizing socialist modernization. By 2029, the 80th anniversary of the People's Republic of China, the Party aims to have completed the reform tasks set out in the decision, laying a solid foundation for achieving these long-term goals. This ambitious timetable underscores the Party's confidence that the country is heading in the right direction.

In essence, as the session stressed, the authority of the CPC Central Committee and its centralized and unified leadership with General Secretary Xi Jinping at the core are the fundamental guarantee for deepening reforms. As China continues its journey of transformation, 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 in building a more harmonious and inclusive world.

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SOURCE China Daily