Key meeting sets stage for further reform

BEIJING: China must step up major moves in deepening reform and opening-up for the country’s economic and social development during the period of the 14th Five-Year Plan (2021-25), a key Party meeting decided on Monday.
The Political Bureau of the Communist Party of China Central Committee also decided that the Fifth Plenary Session of the 19th CPC Central Committee will be held from Oct 26 to 29, according to a statement released after its meeting.
Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting.
Participants underscored the importance of upholding overall Party leadership, improving socialism with Chinese characteristics and strengthening the ability to implement new development concepts in order to boost the economy and society during the coming five-year period.
Development should always be people-centered by ensuring their principal status and promoting their well-being, it was decided at the meeting. Efforts also were urged to build a new development pattern with the domestic market as the mainstay and the domestic and international markets reinforcing each other, earnestly transform the economic development mode and work hard for better quality, higher efficiency and more robust drivers of economic growth.
Major reform and opening-up moves should improve resource allocation efficiency and mobilize the initiative of the whole of society, it said.
The meeting stressed the importance of solidifying the foundation, leveraging strengths and tackling areas of weakness as well as paying attention to fending off and defusing major risks and challenges.
– The Daily Mail-China Daily News exchange item