“Striking a balance between reform, development and stability”

Abalance between reform, development and stability has proved crucial to achieving tremendous economic and social progress since the launch of reform and opening up in the late 1970s. The three are interrelated: reform is the driving force behind development and the foundation for long-term stability; development is the goal of reform and provides a reliable guarantee of stability; and stability is a prerequisite for reform and development. The key to striking the right balance between reform, development and stability lies in ensuring that reform and development initiatives are pursued in a context of social stability in a way that they do not exceed the level of tolerance for change.