'Dual-circulation' development paradigm key to 14th Five-Year Plan, president says
President Xi Jinping spoke on Monday of the importance of
implementing the new development philosophy and advancing the new
development paradigm of "dual circulation" in the country's new
development phase to ensure a good start for the 14th Five-Year Plan
(2021-25) period.
Xi, who is also general secretary of the Communist Party of China
Central Committee and chairman of the Central Military Commission, made
the remark when addressing the opening of a study session at the Party
School of the CPC Central Committee, attended by provincial and
ministerial-level officials.
Xi called for ensuring a good start for fully building a modern
socialist country, adding that the next three decades will be a new
development phase during which the Chinese people achieve a tremendous
transformation from standing up and growing rich to becoming strong
under the Party's leadership.
To deal with unprecedented opportunities and challenges faced by
China during the new phase, Xi urged the whole Party to remain modest
and prudent and make all-out efforts to realize set goals with
perseverance.
"The world is undergoing profound changes unseen in a century, but time and situation are in our favor," Xi said.
He stressed the importance of following the people-centered
philosophy in order to completely, accurately and comprehensively
implement the new development philosophy. The development philosophy on
building a modern socialist country is only correct when it insists that
development should be for the people, rely on the people and be shared
by the people, Xi added.
Xi urged efforts to narrow interregional, urban-rural and income gaps
in development so the people have a strong sense of fulfillment,
happiness and security and thus achieve shared prosperity for everyone.
As China already stands at a new historical starting point, Xi said,
the new development philosophy should be implemented in a more accurate
way with targeted and pragmatic measures to earnestly address
development imbalances and inadequacies and realize high-quality
development.
Given the evolution of the principal contradiction facing Chinese
society as well as the change in the world power structure, Xi also
underscored the importance of becoming more aware of potential dangers,
keeping in mind worst-case scenarios and getting prepared to deal with a
more complicated and difficult situation.
He emphasized the need to dare to struggle with proper strategies and methods.
Calling a smooth economic circulation crucial for fostering the new
development paradigm in which the domestic market is the mainstay and
the domestic and foreign markets complement each other, Xi called for
efforts to deepen supply-side structural reform, promote independent
innovation, expand domestic demand and further open up to the outside
world.
Xi also stressed strengthening overall Party leadership to achieve
socialist modernization and urged continuous efforts to advance the
modernization of the system and capacity for governance.