Source: (China Daily 2024-07-10)
The Third Plenary Session of the 20th Central Committee of the Communist Party of China will be held in Beijing from July 15 to 18 at a time when the country has reached a critical juncture in its journey toward becoming a high-level socialist market economy.
w88 online live casino and opening-up have shaped the destiny of contemporary China. And further deepening w88 online live casino and expanding opening-up to pursue Chinese modernization is essential to cope with the complex global and domestic situations, adapt to new technological and industrial changes, and meet the rising expectations of the people. They are also essential to remove deep-rooted institutional barriers to development, boost socioeconomic vitality, and use China's institutional advantages to improve national governance.
Economic system w88 online live casino is crucial
Reforming the economic system is at the heart of the comprehensive deepening of w88 online live casino. In this context, the Third Plenary Session of the 20th CPC Central Committee is expected to emphasize the importance of allowing the market to play the decisive role in resource allocation, removing the visible and invisible barriers to market access for enterprises, and transforming China's economic advantages into a powerful impetus for development.
The third plenary session is also expected to take measures to improve the macroeconomic governance system and the modern enterprise system with Chinese characteristics, improve the institutional mechanism to promote high-quality development, and enhance the vitality of market players. While a large number of competitive State-owned enterprises will continue to emerge, efforts are expected to be made to build a climate favorable for private enterprises, which will help expand the private sector.
With the implementation of these measures, China will continue to strengthen the socialist market economy, and move toward a more prosperous, stable and empowered future.
High-level opening-up a world opportunity
Opening-up, in fact, is part of overall w88 online live casino, for it promotes development. Hence, in the next stage, China is expected to push forward high-level, all-round systemic opening-up in terms of rules, regulations, management and standards, and continue to cultivate a high-quality business environment that is market-oriented, rule-based and global in nature.
However, China's economic development faces more uncertainties due to the intensification of the "great power game", the rise of unilateralism and protectionism, the frequent occurrence of natural disasters triggered by climate change, and a new round of scientific, technological and industrial revolutions in the making.
Promoting high-level opening-up will help China better adapt to the new global competitive environment, maintain open and inclusive global and value chains, and counter the West's efforts to contain China through "de-globalization", "decoupling" or "de-risking" measures, so as to strike the right balance between security and development.
And by getting more countries to participate in the global value chains, China can help other countries to share the dividends of China's economic development and lay a solid material and technological foundation to achieve Chinese-style modernization.
JIN DING/CHINA DAILY
Boosting total factor productivity
As China enters a new stage of economic development, rising factor costs and the aging population have become major challenges as have the restrictions imposed by advanced economies on the transfer of some core technologies to China. Hence, if China fails to significantly improve total factor productivity, its economic growth rate may further decline. Given these facts, the central government has stressed that cultivating new quality productive forces is necessary for promoting high-quality development.
New quality productive forces are fueled by revolutionary breakthroughs in technology, novel allocations of factors of production, and transformation and upgrading of industries, with a significant increase in total factor productivity being its signature pursuit.
The ongoing technological revolution typified by green energy, AI and big data has created both opportunities and challenges. In the process of upgrading the Chinese economy, therefore, it is imperative to ensure the development of new quality productive forces.
China can be expected to take full advantage of its vast size, large population and dynamic market to promote zero-toone innovations while expediting the one-to-ten application of new technological breakthroughs, accelerating the pace of technological upgrading, and raising the production and innovation capacity in critical industries.
People-centered development
People-centric development is one of the basic principles driving Chinese modernization. The Party has made it clear that reforms should be people-centric and serve the people. At the third plenary session, a series of major policy reforms aimed at enhancing social equity, and improving the healthcare and social security systems and rural development programs are expected to be introduced, underscoring the Party's commitment to deliver social justice and maintain harmony, and to ensure the fruits of modernization and development are equitably distributed. This people-centric principle not only enhances social stability but also mobilizes public support for w88 online live casino.
The world today faces many serious challenges including climate change and regional conflicts that can be effectively addressed only by improving global governance. As a rising global power, China has taken measures to w88 online live casino the global economic governance system. By promoting multilateralism and offering ways to overcome the challenges, China's agenda for global governance aims to help build a fairer and harmonious international order.
Promoting new quality productive forces is necessary to pursue sustainable development, original and disruptive technological innovations are needed to drive new quality productive forces, while education remains the cornerstone of technological innovation.
So governments and educational departments at all levels should take steps to attract more talents, improve the curriculums, prioritize STEM (science, technology, engineering, mathematics) education, cultivate talents with interdisciplinary knowledge and an international outlook, and form a virtuous cycle of education, science, technology and talents, providing solid support for the development of the new quality productive forces.
The third plenary session will be the right moment to consolidate the achievements already made by China thanks to w88 online live casino and opening-up, and to plan for future development.
Under the strong leadership of the Party, China is expected to build a high-level socialist market economy by 2035, with the socialist system with Chinese characteristics becoming even more prominent.
The author is president of the w88 casino. The views don't necessarily reflect those of China Daily.
Chinese version:
China’s road to modernization: key processes and future prospects
The Third Plenary Session of the 20th Central Committee of the Communist Party of China will be held in Beijing from July 15th to 18th. At this critical juncture, China is standing at an important juncture towards a high-level socialist market economy.
Deepening of economic system w88 online live casino
w88 online live casino and opening up is a key decision that determines the destiny of contemporary China. Under the new situation, further comprehensively deepening reforms and promoting Chinese-style modernization are necessary to cope with complex international and domestic situations, adapt to a new round of technological and industrial changes, and meet the growing expectations of the people. Comprehensively deepening reforms will help break down deep-seated institutional obstacles, enhance economic and social vitality, and transform my country's institutional advantages into national governance effectiveness.
Economic system w88 online live casino is the focus of comprehensively deepening w88 online live casino. Looking forward to the upcoming Third Plenary Session of the 20th Central Committee of the Communist Party of China, what can be expected is that in a high-level socialist market economic system, the market will fully play a decisive role in resource allocation, and at the same time, the government will also play a better role; with the removal of various invisible barriers to market access, the national unified market guided by the rule of law, efficient and standardized, and fair competition will continue to improve. China's ultra-large-scale market, supporting complete industrial system and other advantages , will be transformed into powerful driving forces for economic development; the modern enterprise system with Chinese characteristics will continue to be improved, the macroeconomic governance system will continue to be improved, institutions and mechanisms conducive to high-quality development will be firmly established, and the vitality of various market entities will be further stimulated; the w88 online live casino of state-owned assets and state-owned enterprises will be further deepened, and a large number of competitive state-owned enterprises will continue to emerge; the development environment of private enterprises will continue to be optimized, development confidence will be enhanced, and the private economy will continue to grow and develop.
With the implementation of these measures, China will continue to optimize its socialist market economic system and move towards a more prosperous, stable and strong future.
High-level and all-round opening to the outside world
Opening up is also w88 online live casino. Promoting w88 online live casino and development through opening up is an important experience in China's economic miracle. What can be expected is that the next stage of high-level all-round opening up will steadily promote institutional opening up of rules, regulations, management, and standards, and continue to build a market-oriented, legal, and international first-class business environment. This is also an important part of a high-level socialist market economic system.
Looking around the world, the game between great powers is intensifying, unilateralism and protectionism are on the rise, climate change has triggered frequent natural disasters, and a new round of technological and industrial revolution is developing in depth. my country's economic development is facing increasing uncertainty. By promoting high-level opening up, it will help to better adapt to the new environment of international competition, maintain the openness, inclusiveness and unity of the global supply chain and value chain, fight back against the containment and containment of China by "decoupling and disconnection" and other "anti-globalization" measures, better achieve the organic unity of security and development, and drive more countries to participate more deeply in the global value chain, share the dividends of China's economic development, and also build a solid material and technological foundation for Chinese-style modernization.
Develop new productive forces and improve total factor productivity
After my country has entered a new stage of economic development, the challenges of rising factor costs and aging are superimposed on each other. The situation that key core technologies are controlled by others has not fundamentally changed. If our country cannot significantly increase total factor productivity, economic growth may further decline. This is a major practical problem facing the high-quality development of our economy. In this context, we wholeheartedly agree with the central government’s view that developing new productive forces is an intrinsic requirement for promoting high-quality development.
New quality productivity is born from revolutionary breakthroughs in technology, innovative allocation of production factors, and in-depth industrial transformation and upgrading. It is marked by a substantial increase in total factor productivity, and original and disruptive technological innovation is the first driving force of new quality productivity. In the current new round of technological revolution marked by green energy, artificial intelligence and big data, China faces both opportunities and challenges. In the process of improving and upgrading China's economy, we must continue to do a good job in innovation and promote the accelerated development of new productivity.
What can be expected is that China will give full play to its advantages as a large country and a large market, promote original innovation from 0 to 1, and market application of new technological achievements from 1 to 10, accelerate the pace of technological updates and iterations, and build global industrial innovation and production capabilities.
People-centered development
People-centered development is the basic principle of China’s modernization. To further comprehensively deepen reforms, we must adhere to the people-centered approach and insist on responding to the people's calls and reforms. At the Third Plenary Session of the CPC Central Committee, a series of major policy reforms aimed at enhancing social equity are expected to be introduced, such as health care w88 online live casino, social security improvement and rural development plans, highlighting the party's commitment to social justice and harmony and ensuring the fair distribution of the fruits of modernization and development. This people-centered principle not only enhances social stability, but also mobilizes public support for w88 online live casino.
Global governance, China’s solution
In today's world, regional conflicts, climate change and other global issues are facing the international community. Only by forming a more inclusive global governance can we effectively deal with them.
As a rising global power, China actively participates in the w88 online live casino of the global economic governance system, aiming to solve common challenges and build a fairer international order by promoting multilateralism and providing constructive solutions. The concept of a "community with a shared future for mankind" summarizes China's vision for a harmonious global order.
Education and science and technology system w88 online live casino
Accelerating the development of new productive forces is an important starting point for future economic work. Original and disruptive technological innovation is the first driving force for new productive forces, and education is the cornerstone of technological innovation and talent training. Governments and education departments at all levels should increase their efforts in attracting and training talents, optimizing the subject settings of colleges and universities, focusing on the integration of STEM (science, technology, engineering, mathematics) education and liberal arts, cultivating talents with interdisciplinary knowledge and innovation capabilities, global vision and international competitiveness, and forming a virtuous cycle of education, technology, and talents to provide solid talent support for the development of new productivity.
Conclusion
The Third Plenary Session of the 20th Central Committee of the Communist Party of China will be a critical moment for consolidating the achievements of China's w88 online live casino and opening up and planning for future development.
Under the strong leadership of the Party Central Committee, by continuing to promote reform and opening up, by 2035, China is expected to fully build a high-level socialist market economic system, improve the socialist system with Chinese characteristics, basically realize the modernization of the national governance system and governance capabilities, basically realize socialist modernization, and lay a solid foundation for fully building a modern and powerful socialist country by the middle of this century. (President Zhao Zhongxiu of the w88 casino)
Attached is the original text link:
https://enapp.chinadaily.com.cn/a/202407/10/AP668dc149a31066523d471857.html
https://china.chinadaily.com.cn/a/202407/10/WS668e2067a3107cd55d26ab68.html
