They’re many observations on China’s reform and high-quality development, by explaining the ability of China to address the challenges in real estate, employment, domestic consumption through reform. Especially, China continues to expand high-level external opening-up, promote high-quality joint construction of the Belt and Road Initiative with everyone, work together to implement the global development initiative, and conduct practical cooperation in the fields of trade, economy, energy, infrastructure, agriculture and advanced technology, thus achieving common progress and development, it brings tangible benefits to the people of the Southern countries in particular.
The concept of (high-quality development and openness) in China indicates that the Chinese economy was moving from the stage of rapid growth to the stage of high-quality development, as high-quality development is the subject of the country’s economic and social development in the 14th Five-Year Plan period (2021-2025) and beyond. It is considered the first and fundamental task in building a modern socialist state in a comprehensive manner. High-quality development can satisfy the Chinese people’s ever-increasing desire for a better life, and it means shifting from striving for growth to striving for better growth.
Chinese President “Xi Jinping” confirmed in a report he delivered during the opening session of the (20th National Congress) of the Communist Party of China on October 16, 2024, that achieving high-quality development and openness in China is the Chinese government’s priority in exercising power and advancing the country. Development remains a basis and key to resolving various dilemmas and achieving the happiness of the people in China, leading to achieving openness, development and high-quality reform. President “Xi Jinping” stressed that to build a strong, modern socialist country in an all-round way, we must adhere to advancing high-quality development as a top priority.
High-quality development in China depends fundamentally on the vitality, innovation and competitiveness of the economy. In order to improve these capabilities, China is accelerating the implementation of the innovation-driven development strategy, intensifying its efforts to achieve a high level of self-reliance in scientific and technological research, and mobilizing and concentrating on resolving intractable problems in original and pioneering science and technology research to achieve breakthroughs in some crucial and pivotal technologies.
Here, the leadership of the Chinese Communist Party is focusing on strengthening the tasks of accelerating the achievement of openness and high-quality development, by strengthening efforts to achieve greater self-reliance and strength in the field of science and technology, and moving faster to create a new pattern of development and developing new high-quality productive forces. The various regions, all provinces, cities and villages of China must embark on a path of high-quality development appropriate to their own reality.
Within the framework of the shift towards (high-quality mode of opening-up, development and reform), China places emphasis on in-depth promoting high-level reform and opening-up in a coordinated manner, coordinating high-quality development and high-level security, improving the assessment and evaluation system to promote high-quality development and planning major steps to deepen comprehensive reform to Continuously inject strong momentum into promoting high-quality development and pushing forward Chinese-style modernization.
China’s high-quality development brings stability to the global economy. The Chinese economy has achieved steady growth and enjoyed sound and strong foundations over the years. Despite the weak global economy, China enjoys stable domestic demand, a low inflation rate, and an increase in imports and exports, contrary to the global trend in this regard, and has topped the world in manufacturing value added for 14 years in a row, especially China is a strong pillar of the global economy.
Here, China shares new opportunities with all countries of the world. Taking into account that there are now more than 400 million people in China in the middle-income bracket, and the number is expected to reach 800 million in the next decade approximately, while enhancing opportunities for development and high-quality openness by encouraging Chinese citizens to be creative, innovative and the highly technological quality.
