Xi elaborates on drafting proposals for formulation of the 14th Five-Year Plan
Shaping the new development pattern of "dual circulation" in the
five-year period starting in 2021 is China's "strategic choice" in
improving its socioeconomic growth and fostering new strengths in
international economic cooperation and competition, President Xi Jinping
Xi, who is also general secretary of the Communist Party of China
Central Committee, made the remark when elaborating on the proposals for
the formulation of the 14th Five-Year Plan (2021-25) for National
Economic and Social Development and the Long-Range Objectives Through
the Year 2035 at the Fifth Plenary Session of the 19th CPC Central
Committee, which was held last week.
In his speech, which was made public on Tuesday, Xi said building the
new development pattern calls for expanding the domestic market and
deepening supply-side structural reforms so that the domestic market
will become the main source of demand.
However, he stressed that the pattern is by no means closed domestic
circulation but open "dual circulation" with the domestic market as the
mainstay while the domestic and international markets complement each
Shaping a huge and efficient domestic economy will help attract
global resources and production factors to meet domestic demand, raise
the level of the country's industrial and technological development, and
ultimately contribute to creating new strengths in international
economic cooperation and competition, he added.
Xi explained that China's decision to build the new development
pattern comes as a result of changes in the global political and
economic climate, which are characterized by rising anti-globalization
and mounting unilateralism and protectionism in some countries.
Under such circumstances, China's development must depend more on its domestic market, he added.
Xi underlined the need to push for high-quality growth during the
14th Five-Year Plan, and called it a "scientific judgment" made in line
with the changes in China's stage of development, as well as its
environment and conditions.
China remains and will, in the long term, stay at the primary stage
of socialism, Xi said, adding that it is still one of the biggest
developing countries in the world, and development remains the top
priority of the Party in governing the country.
He said the main problems in China's development in the new era are
focused on the quality of growth and emphasized that efforts must be
made to improve the quality and efficiency of the country's development.
Given the complex external environment, he said, the key to
preventing and defusing risks and dealing with the external challenges
is to "manage our own business", as well as improve the country's
development quality and international competitiveness.
Xi called for concrete efforts to promote reforms in development
quality, efficiency and driving forces to enable more development
benefits to be delivered to all people and to meet people's aspirations
to live a better life.
Noting that unbalanced and inadequate development remains a prominent
problem in China, Xi stressed the importance of promoting common
prosperity among all the people in the mid-and long-term development
He warned that at present and in the foreseeable future, China will
have to face increasing risks. He called for coordinating development
and security, and strengthening the awareness of both opportunities and
risks and taking effective steps to cope with various risks and
challenges on the way to advancing the country's modernization drive.
Xi told the meeting's participants that the CPC Central Committee
will announce victory in completing the building of a moderately
prosperous society in all respects after conducting a systematic
assessment of China's overall development in the first half of 2021.
The full text of the proposals of the CPC Central Committee on the
country's mid-and long-term development blueprint, adopted by last
week's Party meeting, was released on Tuesday.
The document comprises 15 chapters, laying out the guiding
principles, development goals and policy directions for China's
development in the next five years as well as the targets for 2035. It
also identifies the key tasks in areas including technological
innovation, industrial development, rural vitalization, regional
development and opening-up.