Duhao Net

Duhao Net helps individual entrepreneurs and enterprises find high-quality suppliers, reduce procurement costs, and make transactions easier.

The 20th Central Committee of the CPC proposed to promote Chinese modernization through reform

Release time：2024-07-20 10:42:39 Source：ChinaDaily

The recent 20th Central Committee of the Communist Party of China (CPC) held its third plenary session and issued a communique highlighting the "Decision of the CPC Central Committee on Further Comprehensively Deepening Reform and Promoting Chinese-style Modernization." This decision is pivotal for China's continued progress and aligns with the country's goals of material abundance and cultural-ethical enrichment. Associated Press highlighted the emphasis on "high-quality development" as the primary task for building a modern socialist country, suggesting China's continued investment in technology and encouragement for companies to upgrade their equipment and technologies. Helsinki Times from Finland highlighted global interest in China's potential reform measures amidst increasing geo-economic tensions, aiming to create new opportunities. The session's focus on high-level opening up and global development was emphasized.

Chinese modernization is about both material abundance and cultural-ethical enrichment, with the aim of promoting all-round social progress and well-rounded human development. From day one of its founding, the Communist Party of China has been a champion of democracy. The "Decision" outlines the importance and overall requirements of deepening reforms and promoting Chinese-style modernization. Focuses on economic system reform and comprehensive deployment of reforms in various sectors. The "Decision" proposes over 300 reform measures, targeting systemic, mechanistic, and institutional improvements.

The general goal is to enhance the socialist system with Chinese characteristics and modernize national governance by 2035, laying the foundation for a fully modern socialist power by mid-century.

Focus Areas

  • Economic Reforms:

    1. Emphasis on high-quality development and creating a dynamic market environment.
    2. Support for both state-owned and private enterprises, ensuring fair competition and innovation.
    3. Enhancements in economic mechanisms to boost residents' incomes, expand the middle-income group, and increase consumption capacity.

  • Education and Innovation

    1. Strengthening higher education with a focus on world-class universities and disciplines.
    2. Promoting scientific and technological innovation, aligning with national strategic needs and global trends.

  • Expanding Opening Up

    1. Only when the world is good, China is good. Only when China is good, can the world get better. Despite global uncertainties, China remains committed to deepening reforms and expanding opening up.
    2. The "Decision" includes measures to enhance institutional openness, improve foreign trade systems, and optimize regional opening layouts.
    3. Plans to improve systems for residence, medical care, and payments for business and tourism personnel in China.
    4. Encouragement of foreign investment in various sectors, reducing restrictions, and expanding industry catalogs.

DuHao Net