Socialism Brings Prosperity

By Rabi Sankar Bosu

The 19th National Congress of the Communist Party of China (CPC), which is scheduled to begin on October 18 in Beijing, will surely inject new impetus into China’s drive to build a moderately prosperous society in an all-round way by 2020.

In the past five years under the leadership of Chinese President Xi Jinping, brilliant achievements have been made in just about every field, and the CPC is firmly advancing China with socialism with Chinese characteristics, covering every area of economic, political, cultural, social and ecological development.

During a high-level CPC workshop on July 26-27, President Xi said that China’s development is at a new historical starting point, and socialism with Chinese characteristics has entered a new development stage. In his speech, Xi greatly inspired China’s confidence in advancing the cause of socialism with Chinese characteristics.

It’s true that China’s success story is not copied from other countries’ models. Chinese leaders have made China a major player on the global stage, combining Marxism with China’s national conditions, which has not only secured the huge success of its own development, but also offers solutions to problems for others.

The CPC has united the Chinese people and harnessed their strengths. In terms of governing the nation, the 96-year-old CPC, with 88 million Party members, leads the world’s biggest developing country. Socialism with Chinese characteristics has been the theme of all the Party’s theories and practices since the reform and opening up began in 1978.

With a population of 1.3 billion, China has become the world’s second largest economy, the biggest trader of goods and the third-largest direct foreign investor, lifting per-capita GDP close to $8,000. Certainly China has made remarkable strides in economic, social and cultural fields in the past 40 years.

Since Xi took office as the General Secretary of the CPC Central Committee and became President of China in November 2012 and March 2013 respectively, he has advocated socialism with Chinese characteristics to strengthen and modernize China. His insights into China’s political and economic development are revitalizing the national modernization drive.

China’s 13th Five Year Plan from 2016 to 2020, the first under Xi’s leadership, is important for China to build a moderately prosperous society in all aspects. It is widely noticeable that the 13th Five Year