BEIJING, July 17,
2024 /PRNewswire/ -- In one of his most recent public
remarks regarding the third plenary session of the 20th Communist
Party of China (CPC) Central
Committee, Chinese President Xi Jinping said during a meeting with
Hungary's Prime Minister
Viktor Orban in Beijing on July
8 that China will further
deepen overall reform and promote high-quality development and
high-level opening up, which will provide new opportunities and
create new momentum for China-Hungary
cooperation. The remarks succinctly highlighted the focus of the
critical session and its profound significance for both
China and the world.
The third plenary session, which is commonly referred to as the
third plenum, officially kicked off on Monday and will run through
Thursday. As many in China and
around the world are closely following the meeting for major reform
measures for the world's second-largest economy, Xi's recent
remarks on reform and opening-up at various major meetings provide
a crucial window into the tone of the session, the priority of
China's reform agenda and the
overall goal of further deepening reform and advancing Chinese
modernization.
China's institutional advantage
with the firm leadership of the CPC Central Committee also inspires
confidence in the Chinese system and China's development, experts also noted.
While detailed reform measures won't be unveiled till after the
conclusion of the closed-door meeting, experts interviewed by the
Global Times said the recent discourse by the top leader indicated
that the session will draw a blueprint for reform on all fronts,
with a focus on improving China's
governance system and capacity, removing the ideological and
institutional barriers and resolving deep-seated institutional
challenges and structural issues, so as to promote high-quality
development and advance Chinese modernization.
Xi attaches great importance to comprehensively deepening
reform, calling reform a "driving force for development," and under
Xi's leadership, China will
continue to unwaveringly deepen reform and expand opening-up, which
will help ensure China's
high-quality development, while tackling risks and challenges
arising from rapidly shifting global geo-economic situations,
according to the experts.
Since a meeting of the Political Bureau of the CPC Central
Committee on April 30 decided to hold
the third plenum in July, Xi, also general secretary of the CPC
Central Committee, has made important remarks regarding reform at
various occasions, setting the tone for the ongoing session.
The Political Bureau meeting, chaired by Xi, further elevated
the position of reform for the CPC and set the focus of reform. The
whole Party must put reform in a prominent position and deepen
reform in all respects with a focus on promoting Chinese
modernization, the meeting said. More specifically, the meeting
said that further comprehensive reform should be led by reform of
the economic system, with advancing social equality and justice and
improving people's well-being as both the starting point and the
ultimate goal, according to the Xinhua News Agency.
Since the 18th CPC National Congress in 2012, the CPC leadership
has set a very clear path for reform that aims to both ensure
sustained development and improve governance capabilities,
according to Cong Yi, a professor at the Tianjin School of
Administration.
"The goal is to achieve high-quality development and realize
national rejuvenation through advancing Chinese modernization,"
Cong told the Global Times, noting that under such a grand goal,
the third plenum will focus on institutional and systemic reforms
that address various challenges to pave the way to achieving the
goal.
While chairing a symposium in Jinan, East China's Shandong Province, on May 23, Xi said that China should take resolute steps to remove the
ideological and institutional barriers hindering the advancement of
Chinese modernization, and double down on its efforts to resolve
deep-seated institutional challenges and structural issues.
Economic system reform should start from meeting realistic needs
and tackling the most urgent matters, and should advance
theoretical and institutional innovation in the process of solving
practical problems, he added, according to Xinhua.
Xu Baoli, a research fellow at the research center of the
State-owned Assets Supervision and Administration Commission of the
State Council, said China's reform
focuses on addressing its own challenges to promote economic
development, while expanding opening-up to the outside world.
"The key to reform is solving problems, and China has been focused on continuously solving
its own problems," Xu said, pointing to China's efforts to build an advanced
industrial system and boost innovation so as to achieve
self-reliance. Meanwhile, to succeed, China must also mobilize all sectors,
including private enterprises and foreign businesses.
China has also been stepping up
efforts to bolster its scientific and technological innovation
capabilities and support private and foreign businesses, key themes
that are expected to be highlighted by the ongoing third plenum,
analysts said.
While presiding over the fifth meeting of the Central Commission
for Deepening Overall Reform (CCDOR) on June
11, Xi stressed the importance of driving innovation with
further opening-up, perfecting the system and mechanism for
opening-up in the science and technology sector, and improving the
globally-oriented innovation system to actively integrate into the
global innovation network. The CCDOR meeting reviewed and adopted
several documents, including Guidelines on Improving the Modern
Corporate System with Chinese Characteristics, which aims to foster
more world-class enterprises.
Since taking the top office more than a decade ago, Xi has
attached great importance to comprehensively deepening reform,
which has not only underpinned China's high-quality development over the past
decade or so despite global challenges, but also signaled
continuous efforts to further deepen reform and expand opening-up
in the future that will ensure China's continuous high-quality growth.
During the two sessions in March, Xi sounded the clarion call
for reform during the country's annual key political season,
dispelling concerns about whether China's reform is "stagnating," or its economy
is "losing steam."
Over the past decade, more than 2,000 reform measures have been
rolled out, which helped, among a slew of social and economic
achievements, China to more than
double its economy since 2012, cementing China's global status as a major growth
driver, according to Xinhua.
Xi has said that "reform and opening-up is always an ongoing
task and will never end." And the Political Bureau meeting on
April 30 also said that China's reform must continue in the face of
complex international and domestic situations, a new round of
scientific and technological revolution and industrial changes, and
the new anticipation of the people.
As China is at a critical
juncture marked by both domestic and global risks and challenges,
including an ongoing economic transition and rising global tension
and competition, China will
further accelerate reform to address those challenges, experts
said.
"The purpose of reform is to resolve problems, and amid many
lingering challenges, China's
reform will always be ongoing," Cong said, noting that there will
always be new problems and new challenges in the process of
development, and reform is the way to tackle these challenges and
problems.
Continuously deepening reform requires confidence in the Chinese
system. An article by Xi published by the Qiushi Journal on Tuesday
said that there will be no courage to further reform without
unwavering confidence in the system.
"Deepening reform needs institutional confidence," Xu said,
noting maintaining self-confidence and self-reliance and further
deepening reform at its own pace will spur innovation and bolster
self-strength.
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SOURCE Global Times