Chi­nese Dream­re­ju­ve­nat­ing coun­try

Na­tion shift­ing its fo­cus to­ward build­ing a pros­per­ous so­ci­ety through in­no­va­tion

China Daily (USA) - - CHINA - By XIN­HUA

China is mov­ing closer to its goal of build­ing an all-round mod­er­ately pros­per­ous so­ci­ety by 2020, in­spired by theChi­nese Dream of the great re­ju­ve­na­tion of the coun­try.

Tues­day marked the fourth an­niver­sary of the birth of the Chi­nese Dream, with re­mark­able progress hav­ing been made in State gov­er­nance, re­form and development, as well as do­mes­tic and for­eign af­fairs, un­der the lead­er­ship of the Com­mu­nist Party of China Cen­tral Com­mit­tee with Pres­i­dent Xi Jin­ping at the core.

Eco­nomic mo­men­tum

The Chi­nese econ­omy has demon­strated great sta­bil­ity and re­silience, pro­vid­ing a solid foun­da­tion for the coun­try’s drive to com­plete the build­ing of an all-round mod­er­ately pros­per­ous so­ci­ety by 2020.

China’s GDP grew 6.7 per­cent year-on-year in the first three quar­ters this year; China’s pro­ducer price in­dex ended a 54-month straight de­cline in Septem­ber; and the coun­try has also seen ris­ing fig­ures in in­vest­ment, in­dus­trial out­put and cor­po­rate rev­enue.

Growth in emerg­ing and high-tech in­dus­tries has ac­cel­er­ated, with the coun­try see­ing anaver­age of nearly 15,000new en­ter­prises reg­is­tered each day.

The added value of the ter­tiary sec­tor ac­counted for 52.8 per­cent of the coun­try’s GDP in the first nine months of this year, up 1.6 per­cent­age points year-on-year, while en­ergy con­sump­tion per unit of GDP fell by 5.2 per­cent.

This year, the cen­tral and pro­vin­cial gov­ern­ments ear­marked a record high of more than 100 bil­lion yuan ($14.5 bil­lion) for poverty re­lief.

Road map for growth

Con­cepts such as the Four Com­pre­hen­sives and the Five Ma­jor Development Con­cepts have driven growth and im­proved peo­ple’s well-be­ing.

“Th­ese con­cepts have be­come in­creas­ingly well-de­vel­oped, prac­ti­cal and widely sup­ported,” said Xin Ming, a pro­fes­sor with theParty School of the CPC Cen­tral Com­mit­tee.

Com­pre­hen­sively deep­en­ing re­form is a driv­ing force to achieve the ob­jec­tives of the 13th Five-Year Plan (2016-20) and­be­yond. Com­pletely im­ple­ment­ing the rule of law will bring equal­ity and jus­tice to the peo­ple.

Since the 18th Na­tional Con­gress of the CPC in late 2012, the CPC Cen­tral Com­mit­tee, with Xi at the core, has striven to mold more than 80 mil­lion Party mem­bers into role mod­els and pi­o­neers. Gov­ern­ing the Party strictly pro­vides a fun­da­men­tal prin­ci­ple for real­iz­ing the Chi­nese Dream.

At the Fifth Ple­nary Ses­sion of the 18th CPC Cen­tral Com­mit­tee last year, the cen­tral au­thor­i­ties pro­posed five development con­cepts: in­no­va­tion, co­or­di­na­tion, green development, open­ing-up and shar­ing.

One year on, th­ese con­cepts have be­come vol­un­tary prac­tices for cen­tral de­part­ments, lo­cal­i­ties, en­ter­prises and in­di­vid­u­als.

Ac­cord­ing to the Shen­zhen Stock Ex­change, 546 com­pa­nies on the ex­change with in­no­va­tion at their core in­creased net prof­its 44.3 per­cent year-on-year in the first nine months of this year, sig­nif­i­cantly higher than the av­er­age profit growth of other Chi­nese en­ter­prises.

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