Understanding China’s path

THE eyes of the world will turn to China as the Communist Party of China (CPC) holds its 19th national congress from tomorrow, at which the CPC will unveil its new leadership and set a blueprint for national development for the next five years and beyond.

Analysts said that comprehensive, strategic and foresighted guidelines are expected to be raised at the congress. China is aiming for a “moderately prosperous society” and a modern socialist country while moving towards the world’s centre stage.

The congress comes at a critical time for the development of socialism with Chinese characteristics, under which China has witnessed an economic miracle and accomplished even impossible missions.

When many Western countries continue to stagnate, China has grown and remained stable.

“Since the 12th CPC National Congress in 1982, the CPC has always held high the banner of socialism with Chinese characteristics,” said Xin Ming, a professor at the Party School of the CPC Central Committee.

China has become the world’s second-largest economy after decades of rapid economic growth. China’s GDP expanded by an average annual rate of 7.2 percent during 2013-16, compared with 2.6 percent average global growth and the 4 percent growth of developing economies.

Chen Shuguang, a professor with the Party School of the CPC Central Committee, said the CPC has maintained consistency in its commitment and policy-making while adapting to changing domestic and international conditions.

The International Monetary Fund last Tuesday raised its forecast for China’s economic growth to 6.8 percent this year, reflecting the country’s stronger-than-expected economic performance and its efforts in deepening economic reform.