China has taken a significant step towards advancing its modernization efforts with the conclusion of the 20th Central Committee of the Communist Party of China's third plenary session. The session's communique emphasized comprehensive reforms across 14 critical fields, signaling a robust path forward for the nation.
Ma Liang, a professor of public administration and researcher at the National Academy of Development and Strategy from Renmin University of China, highlighted the resolution's focus on strengthening both the public and non-public sectors. \"The communique urges the unswerving consolidation and development of the public sector, and unswerving encouragement, support and guidance for the development of the non-public sector,\" Ma explained. He noted the timing and significance of these reforms in boosting confidence within the private economy.
The communique outlines the goal of building a high-quality socialist market economy by better leveraging the role of the market. It calls for creating a fairer and more dynamic market environment with efficient resource allocation. According to Ma, this approach sends a strong signal for improving the business landscape for private enterprises and entrepreneurs both domestically and internationally.
Ma further emphasized that the communique provides clear direction for China's future development, focusing on enhancing the quality of life for its people, building a Beautiful China, and pursuing high-quality opening up. These objectives indicate that specific policies and measures will be introduced to achieve these goals.
While the reforms outlined in the communique are highly anticipated by the Chinese populace, Ma pointed out that the real challenge lies in the implementation of these policies. He stressed the importance of engaging people from all sectors of society, raising their enthusiasm, and motivating them to participate actively in the forthcoming reforms.
As China moves forward, the emphasis on comprehensive reforms and modernization underscores the nation's commitment to creating a sustainable and thriving economic environment for its citizens and businesses alike.
Reference(s):
Expert: Third plenary session 'timely' and 'significant' for China
cgtn.com
