China exhibits indigenous way to achieve modernization, steer national economy towards fairer, innovative growth
Journalists cover the 20th National Congress of the Communist Party of China which opened at the Great Hall of the People in Beijing on October 16, 2022. Photo: cnsphoto
China on Sunday outlined the country’s indigenous approach to achieving modernization, as the Communist Party of China (CPC) aims to lead national efforts to accelerate the creation of a new development model and pursue high-quality development. .
Scientific socialism has shown new vitality in China in the 21st century, and modernization with Chinese characteristics has provided a new option for mankind to achieve modernization, Xi Jinping said Sunday in a report at the opening session of the 20th century. CPC National Congress.
“From this day forward, the central task of the CPC will be to lead the Chinese people of all ethnic groups in a concerted effort to achieve the second centenary goal of making China a great modern socialist country in all respects and advancing the rejuvenation of the Chinese nation on all fronts through a Chinese path to modernization,” he said.
The much-watched Chinese path is being considered to navigate the economy through the bruises and scars – exemplified by the prolonged pandemic, geopolitical tensions and drastic monetary tightening – that have left a mess for the Western world, experts have said. . As the key CPC congress anchors the country towards greener, fairer, more secure and innovative growth in the years to come, the world economy will depend more than ever for its future on a prosperous China, they stressed.
New retrofit option
China’s path to modernization, a key takeaway from Xi’s report at Sunday’s opening session, almost instantly became a buzzword that resonated around the world.
In his report, Xi reiterated that Chinese modernization is socialist modernization pursued under the leadership of the CCP. Chinese modernization is the modernization of a huge population, common prosperity for all, material and cultural and ethical progress, harmony between mankind and nature, and peaceful development, he stressed. adding that it offers humanity “a new choice” to achieve modernization.
Tian Yun, former vice director of the Beijing Economic Operations Association, told the Global Times on Sunday that the keynote speech for the first time signaled modernization with Chinese characteristics and identified it as the main mission of the CPC in the new journey of the new era. .
“The 19th CPC National Congress outlined a direction that modernization with Chinese characteristics was supposed to take, but the concept is still vague. Since it is very difficult to materialize modernization in the context of the technical standard of the World Bank, giving the unique situation and characters of Chinese economy, the report delivered on Sunday gives the concept an extension and upgrade in connotation,” Tian said.
He hailed Chinese-style modernization as providing a new modernization paradigm in a globalized era that has eradicated two vicious by-products associated with Western modes of modernization – hegemony and colonization.
In his remarks at the opening session on Sunday, Xi said China firmly opposes all forms of hegemonism and power politics, Cold War mentality, interference in internal affairs of other countries and to double standards.
China adheres to the right path of economic globalization. It is committed to working with other countries to foster an international environment conducive to development and create new engines for global growth, Xi said.
The five aspects contained in the definition of modernization with Chinese characteristics lay out the guiding principles for China’s march towards the goal of the second centenary, and when such a goal is achieved, it could mark an unprecedented achievement in the world. history of mankind and “a fundamental shift in the global economy”. landscape,” Yao Jingyuan, a special researcher with the State Council Counselors Office, told the Global Times on Sunday.
“China is home to 1.4 billion people, more than the combined population of all modernized countries. [by current definition]. This means that when China reaches its second centenary goal, it will be a modernized economy with the largest population in the world,” Yao said.
Another major difference of Chinese modernization with Western economies is its emphasis on common prosperity, a stark contrast to the path of modernization taken by Western countries that has led to widening gaps between rich and poor. , and uneven social development, Yao noted.
He added that modernization with Chinese characteristics is characterized by peaceful and green development, “unlike how some modernized countries prosper under the tears and blood of the developing world – through invasion, colonization and exploitation. , or at the cost of the destruction of natural resources and the emission of carbon dioxide at staggering levels which fuels global warming.”
“I believe that the decisions taken at the 20th Party Congress will be a worthy response to the challenges of the modern world and will determine the course of China’s socio-economic development not only for the next five years, but also, as is customary in China, in the longer term,” Belarusian Ambassador to China Yuri Senko told the Global Times over the weekend.
In the five years since the 19th Congress, the socio-economic agenda in China has undergone quite notable changes, which were due to a number of objective reasons – the coronavirus pandemic, growing competition with developed countries in the field of high technology in the context of geopolitical confrontation with certain Western countries such as the United States, said the ambassador.
New development model
The growing momentum of creating a new development model as part of broader efforts to modernize the economy was highlighted.
China will accelerate the creation of a new development pattern and pursue high-quality development, Xi said Sunday. “To build a modern socialist country in all respects, we must, above all, pursue quality development.” Specifically, the industrial system will be modernized, with measures to advance new industrialization and strengthen China’s strength in manufacturing, product quality, aerospace, transportation, cyberspace and digital development, Xi said.
To advance rural revitalization at all levels, China will continue to prioritize agricultural and rural development, consolidate and expand achievements in poverty reduction, and strengthen the foundations of food security for all. the foreheads.
In addition, the CPC will work hard to resolve the urgent difficulties and issues that most concern people, improve the basic public service system to raise public service standards, and make public services more balanced and accessible, so as to achieve solid progress in promoting common prosperity. , Xi said.
China will improve the income distribution system, he said. “We will guarantee better pay for more work and encourage people to achieve prosperity through hard work. We will promote equal opportunity, raise the incomes of low-income people and expand the size of the middle-income group,” Xi said.
Proposed amid sweeping changes not seen in a century, modernization with Chinese characteristics follows the trend of the times and meets the requirements of China’s own development as the world’s largest developing country, Wan Zhe said, economist and professor at the Belt and Road School of Beijing Normal University, told the Global Times on Sunday.
“With goals such as common prosperity for all, harmony between mankind and nature, and peaceful development, modernization with Chinese characteristics has no fundamental difference from other countries, but highlights the unique context of China and socialism with Chinese characteristics,” Wan said.
Cao Heping, an economist at Peking University, said modernization with Chinese characteristics is unique in having the CCP at its center, as the Party has always been committed to a people-centered philosophy of development. while learning modernization from others.
After the 20th National Congress, the country is likely to step up efforts in three important areas, namely developing the real economy, improving the income distribution system and grain security, according to Wan.
“Reiterating safety and green development, the authorities attach importance to achieving breakthroughs in cutting-edge technologies, while improving the resilience and capacity of industrial and supply chains to strengthen the foundations for construction of ‘a manufacturing power and provide our own solution for the restructuring of international industrial chains,’ she said.
As China’s leaders promise equal opportunities, the central government is expected to strengthen financial market regulation underpinned by a strong legal framework, with a focus on behavior that threatens equality and systemic security, economists said.
Among the highlights on Sunday was also a call to keep education, technology and talent front and center when charting a course for modernization.