The Communist Party of China (CPC) is set to convene the third plenary session of its 20th Central Committee from July 15 to July 18 in Beijing. This pivotal meeting will focus on further comprehensively deepening reforms and advancing Chinese modernization, marking a significant moment in the nation's ongoing development journey.
Reform and opening-up have been hailed as China's second revolution, fundamentally transforming the country over the past four decades. These reforms have not only propelled China to become the world's second-largest economy but have also had a profound impact on the global landscape.
The upcoming plenary session is expected to outline systematic and forward-looking frameworks that will guide China's modernization efforts. The policies discussed are anticipated to attract considerable international attention, reflecting their potential to shape both national and global futures.
One of the most defining elements of China's modernization has been its ability to convert a vast population into a developmental advantage. By integrating into the global economy and leveraging historical opportunities, China has demonstrated the transformative power of reform. This approach has unlocked the energy and vitality of Chinese society, driving rapid development and establishing China as a manufacturing powerhouse.
A key aspect of China's reform agenda is dismantling outdated systems and institutions that hinder progress. For instance, the rural household contract responsibility system reform revolutionized agricultural productivity and ensured food security. This reform not only resolved long-standing labor productivity issues but also liberated rural labor, enabling millions to join the industrial and service sectors. As a result, small towns and township enterprises flourished, significantly contributing to China's economic expansion.
According to a recent survey by China's National Bureau of Statistics, the proportion of migrant workers employed in non-agricultural industries continued to rise in 2023, with 53.8 percent engaged in the tertiary sector and 45.5 percent in the secondary sector. This shift underscores the success of China's reform initiatives in transforming its labor force and sustaining economic growth.
As China continues to navigate its modernization path, the CPC's commitment to comprehensive reform remains crucial. The decisions made during this plenary session will play a vital role in shaping the future of China's development and its position in the global economy.
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Why comprehensively furthering reform vital for Chinese modernization
cgtn.com
