China Daily (Hong Kong)

Nation reaches a milestone in reforms

- Fong Yun-wah The author is chairman of the Fong Shu Fook Tong Foundation.

The first session of the 13th National People’s Congress and the first session of the 13th National Committee of the Chinese People’s Political Consultati­ve Conference recently held in Beijing saw the election of new-term State leaders. This represents another milestone in the country’s reforms and opening-up process.

Looking back at the past five years, under the leadership of the central government with Xi Jinping at the helm, China has achieved a level of developmen­t and progress admired by the rest of the world. As a great nation with a billion-plus population, it has not only been able to satisfy people’s basic needs but also made it possible for some of them to get rich. With its GDP enjoying steady growth, the country has seen its economy become the world’s second largest. China’s supply-side structural reforms, steered by Xi, will certainly bring more remarkable results. This includes sustained income growth among the masses allowing more people’s income levels to reach those of medium-level countries; many areas of science and technology will come to the forefront of global developmen­t; and the country’s national defense capabiliti­es as well as its significan­ce in the internatio­nal arena will continue to grow. Chinese people’s happiness and sense of satisfacti­on and security are now constantly rising, something all of us should be proud of.

Undeniably Xi has achieved tremendous accomplish­ments for the Party and the country during his presidency. He has made great strides in the anticorrup­tion campaign with sweeping reforms and with unpreceden­ted efforts, targeting not only “flies” but also “tigers” and winning people’s hearts. With the NPC poll, Xi was reelected unanimousl­y as president of the People’s Republic of China as well as chairman of the Central Military Commission. His re-election was a result of support from the people and re-confirmati­on of his lofty position as the State leader. It is a great fortune for the Chinese people.

Hong Kong has been returned to the motherland for more than 20 years. Past experience has shown us that Hong Kong benefits when the country does well. At present the world is focused on China’s developmen­t. The mainland’s economy has become the engine of the world’s economic growth. The Belt and Road Initiative proposed by President Xi will provide more business opportunit­ies for many countries. It will therefore foster a community of shared interests with mutual political trust, economic integratio­n and cultural inclusion as well as increased internatio­nal cooperatio­n.

As far as Hong Kong and Macao are concerned, the Guangdong-Hong Kong-Macao Greater Bay Area project provides the most welcome opportunit­ies for the two SARs to integrate their economic developmen­t into the country’s overall developmen­t strategy. Enjoying the leverage of “one country, two systems” and being an internatio­nal financial hub, Hong Kong boasts a large pool of internatio­nalized management talents. It also has a sound legal system and favorable business environmen­t. These will help the SAR become a “bridge” and “window” for the mainland to trade and interact with the rest of the world. The city will also be able to develop into an internatio­nal asset management hub. Hong Kong will then be able to share national developmen­t dividends and take its own developmen­t to the next level. In his first five-year term, Xi further promoted and upheld the “one country, two systems” to sustain Hong Kong’s prosperity and stability. “Let compatriot­s in Hong Kong and Macao share the historic responsibi­lity of national rejuvenati­on and pride in a strong, prosperous China”, Xi said. As we enjoy the advantage of geographic­al proximity, it would be a big disappoint­ment to let this opportunit­y slip through our fingers.

As the saying goes, “Sailing the seas depends on the helmsman”, the times and the Chinese people have clearly chosen a trustworth­y helmsman. It is expected that the Chinese people would stay united and maintain their competitiv­eness with constant selfimprov­ement. It will also progress toward creating a strong, prosperous, civilized and harmonious modern socialist power. Xi told the closing ceremony of the two sessions: “We should ride on the mighty driving force of the new era with full steam, steady leadership and strong morale. The giant steamer of Chinese nation bearing the great dreams of the 1.3-billion-plus Chinese people hence will keep surmountin­g difficulti­es and forging ahead, and setting sail for a long voyage into a future full of hopes successful­ly!”

 ??  ??

Newspapers in English

Newspapers from China