The philosophy of “Chinese modernization” or “Chinese-style modernization” is unique in my own opinion, whereas we can find many differences/characteristics that China shows in its path of development and progress. The mechanisms and policy of “China’s modernization” are based on further improving the development environment and stimulating the intrinsic strength and innovative vitality of private enterprises. And accelerating the legislative process for private economy law. The main goal of modernization of the Chinese state is (reforming the three systems of work, employees, and distribution), as it is the most difficult task in the process of reforming Chinese state-owned companies. China’s modernization policy is based on improving flexible and effective market-oriented operating mechanisms and establishing a number of new and dynamic reform mechanisms.
The Chinese philosophy of modernization and progress is based on a policy of (continuing to “upgrade” new productive forces) to improve the dynamism of the national economy. Since the Secretary-General of the Communist Party of China, “Xi Jinping”, first proposed the concept of “upgrading and advancing new productive forces” during his inspection visit in 2023, the concept of “new productive forces” has become present in various government reports, and a hot phrase attracting society’s attention. It raises discussions during the two national sessions.
In this context, the goal of the meetings of the two sessions this year 2024 in China is based on the policy of “developing new, high-quality productive forces”, meaning charting the new economic and development future for China, creating the future, and competing for the future, knowing that the new Chinese productive forces are compatible With the general trend of transforming and upgrading the industrial structure throughout Chinese municipalities and provinces. It is shaped and demonstrated in practice, and is a driving force and support for high-quality development inside and outside China.
The key to developing new productive forces lies in technological innovation. More efforts should be made to build an innovative and safe technological ecosystem, improve an open scientific and technological innovation system, and promote the emergence of original innovation results.
The modernization policy adopted by the meetings of the two sessions in China this year 2024 is based on the fact that (work is the basis of the Chinese people’s livelihood). Groups such as university graduates and migrant workers will be the top priority for stabilizing the employment market.
The number of Chinese university graduates in the Class of 2024 is expected to reach 11.79 million, an increase of 210,000 students year on year. In this context, many representatives of the Chinese people suggest moving forward with the implementation of social policies such as social security benefits and labor subsidies, to encourage market entities to enhance the labor “stock” and increase employment opportunities within Chinese society.
The policy of “improving the fertility policy system” will be put forward as an important point on the agenda of the two sessions in 2024, in order to ensure the livelihood of Chinese citizens in 2024. And to discuss and discuss policies for the comprehensive use of financial, tax, medical, insurance, educational and other support measures to reduce family burdens related to childbirth, parenthood and education.
This year, the meetings of the two sessions will also focus on solving urgent, difficult and troubling problems for the elderly in home care, medical medications and health care. Promoting the construction of the basic elderly care service system and developing the retirement economy within the Chinese state.
Last year, a series of measures demonstrated China’s clear intention to expand its high-level opening up to the outside world. Whereas, “one of the fundamental features of China’s high-level opening-up is institutional openness”. In October 2023, China announced (8 measures) to support the high-quality joint construction of the Belt and Road Initiative. Therefore, the next important step for legislators in the two-session meetings is to ensure the implementation of policies, deepen trade and investment cooperation with the initiative countries, and coordinate the implementation of major projects and projects that have a direct benefit to the lives of Chinese citizens.
Chinese modern industrial system has potential in urbanization, service and green sectors will be further tapped, and new quality productive forces fostered to sustain growth. If we could evaluate the modern industrial system in China, we can find that Chinese-style industrial modernization is an inevitable choice in China’s hundred-year development process. The meetings of the two sessions this year in China will focus on efforts to (advancing the construction of a modern industrial system and accelerating the development of new productive forces), where plans will be made to push China to deepen reforms and expand high-level opening-up, and enhance the integration between urban and rural areas and coordinated development between different regions. Discussions at the two session meetings in China will also focus on advancing low-carbon development, enhancing social governance and innovation in this field, as well as striving to achieve the country’s annual economic and social development goals.
As part of efforts to promote China’s industrial modernization, the 2024 sessions will discuss the status of (centrally managed state-owned enterprises in China), while drawing up a clear policy to place emerging strategic industries and future-oriented industries in a prominent position for China. The ongoing “two annual sessions” meetings will aim to invest centrally managed state-owned companies in emerging strategic industries and work to increase them by a large percentage in the coming years.
Also, according to the goal set by Chinese legislators in the meetings of the two sessions, the income generated by the emerging strategic industries of centrally managed state-owned companies will represent 35% of the total income of these companies by 2025. Therefore, the projects and representatives of the Chinese people will focus on increasing the planning of industries, especially in the field of artificial intelligence that mimics human mental capabilities, quantum information, and controlled fusion.
Today, China’s manufacturing industry continues to make efforts in the new race track of advanced, intelligent and environmentally friendly development. At the 133rd China Import and Export Fair commonly known as the Canton Fair being held in Guangdong now, organizers have recently established three new exhibition zones including the Industrial Automation and Intelligent Manufacturing Zone, the Internet-Connected Intelligent New Energy Vehicle Zone, and the Maternal, Infant and Child Products Zone in response to new trends in international and new trade market requirements, as well as three new special areas for intelligent life, the “Silver Hair Economy”, testing and prevention equipment.
Chinese-style modernization is what is required to advance the great rejuvenation of the Chinese nation in an all-round way. Since the 18th National Congress of the Communist Party of China, China has pressed the “accelerator button” in building Chinese-style modernization under the strong leadership of the Central Committee of the Communist Party of China with Comrade “Xi Jinping” as its core, and has added new achievements to the two great miracles of rapid economic development and long-term social stability, and accomplished historic tasks. It represented the eradication of poverty and the building of a moderately prosperous society in an all-round way. It achieved the goal of struggle by the centenary of the founding of the Chinese Communist Party. It also achieved the great leap of the Chinese nation from standing on its feet and then achieving wealth to strengthening its strength, which brought the great renaissance of the Chinese nation into the process of irreversible history.
The meetings of the two sessions this year 2024, will aim to strengthen China’s power in the new manufacturing and industrial sector amid efforts to advance Chinese-style modernization. Especially with China’s manufacturing sector taking the lead and ranking first in the world for 14 consecutive years, while manufacturing development stands at a new and higher starting point. Since the beginning of the year 2024, the central government in China has introduced a series of policies to stabilize the economy, held a national conference to promote new industrialization, and made progress in the high-quality development of major industrial chains.
Therefore, in order to fundamentally achieve new industrialization by 2035, China will vigorously promote new industrialization and accelerate the development of a modern industrial system fueled by advanced manufacturing industries, which will thus provide strong material and technological support for Chinese-style modernization. Here we must also highlight the capabilities of new scientific and technological innovation in China’s industrial modernization sector, with the transformation and modernization of traditional industries, green and low-carbon development, as well as emerging industries and new industrialization made possible by artificial intelligence.
