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【MKsport】Third plenum boosts confidence, injects certainty into world

Source:MK socks time:2025-01-13 07:54:16

The<strong><a href=MKsport third plenary session of the 20th Communist Party of China (CPC) Central Committee is presided over by the Political Bureau of the CPC Central Committee in Beijing. The plenary session was held from July 15 to 18, 2024. Photo: Xinhua" src="https://www.globaltimes.cn/Portals/0/attachment/2024/2024-07-19/036cec9d-cd21-4643-b3e0-e6554ed6de0f.jpeg" />

The third plenary session of the 20th Communist Party of China (CPC) Central Committee is presided over by the Political Bureau of the CPC Central Committee in Beijing. The plenary session was held from July 15 to 18, 2024. Photo: Xinhua


Chinese officials as well as domestic and foreign observers on Friday applauded the adoption of a resolution on further deepening reform comprehensively to advance Chinese modernization, highlighting China's resolve to maintain focus in pursuing high-quality development and share opportunities with the world through further opening-up to better empower the world economy and development. 

Observers said the reform-themed session, often referred to as the "third plenum," will not only gather confidence to promote China's high-quality development, but also inject certainty and stability into a world that is undergoing unprecedented changes.

China's institutional advantage with the firm leadership of the Communist Party of China (CPC) Central Committee is the source of confidence in the Chinese system and China's development, experts said, expressing confidence that China's "economic miracle" is set to continue.

Firm resolution

The adoption of a reform resolution is the most important outcome of the third plenary session of the 20th CPC Central Committee, Tang Fangyu, deputy head of the CPC Central Committee Policy Research Office, said at a press conference on the guiding principles from the just-concluded plenum.

The resolution, with economic structural reform as the spearhead, comprehensively plans reforms in various fields and aspects, Tang said, adding that the resolution puts forward more than 300 important reform measures, all of which involve reforms on the levels of systems, mechanisms, and institutions.

China will accelerate efforts to build a high standard market system, which is a major reform task for the country, Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, said at the same conference.

Efforts will be made to build a unified national market, including the development of a unified urban-rural construction land market, a nationwide integrated technology and data market, and a unified national electricity market, he said. 

It's necessary to create a sound environment and offer more opportunities for the development of the private sector, Han stressed. He said the authorities will improve the long-term mechanism for private enterprises participating in national key projects, support capable private enterprises to lead tasks in making key technological breakthroughs and regulate administrative checks involving private enterprises.

"The just-concluded third plenum is epoch-making, as it strengthens development momentum and institutional guarantees on China's journey toward realizing the second centenary goal," Xin Ming, a professor at the Party School of the CPC Central Committee, told the Global Times on Friday.

Over 300 specific reform measures indicate that China's new reform will be more targeted, pragmatic and problem-oriented, Xin said.

"Amid major changes unseen in a century, a series of forceful reform measures released from the third plenum showcases the CPC's precise grasp of reform direction and historical trends," Chen Chunxing, a member of the National Committee of the Chinese People's Political Consultative Conference and deputy president of the Hubei Federation of Industry and Commerce, told the Global Times on Friday.

In particular, the third plenum attaches great importance to the development of the private economy and encourages the sector to grow stronger, which is set to give a boost to private enterprises, Chen said.

In mapping out China's grand development goal and major policies, the country's leadership has always attached great importance to opinions and suggestions from all sectors and sought to pool their wisdom to make reform decisions more rational and ensure effective implementation.   

According to a Xinhua News Agency report on Friday, Xi Jinping, general secretary of the CPC Central Committee, chaired a symposium in May to solicit views and suggestions of non-CPC personages on the drafting of the CPC resolution on further deepening reform comprehensively to advance Chinese modernization.

Xi also stressed that the enthusiasm, initiative and creativity of the entire Party and nation should be fully mobilized.

Xi also chaired another symposium in Jinan, East China's Shandong Province on May 23, during which representatives including entrepreneurs from state-owned, private and foreign-funded enterprises put forward opinions and suggestions on deepening reform across the board.

Observers said such intensive symposiums to fully solicit opinions from the Party and non-CPC personages, while taking advice from relevant government agencies, residents' expectations and experts' suggestions in the drafting, are a vivid display of socialist democracy.

The development of whole-process people's democracy means ensuring the principal status of the people, inspiring the people's motivation, initiative, and creativity, and gathering wisdom and strength from all sides in a bid to better transform our institutional advantage into the efficacy of the country's governance, Shen Chunyao, director of the Legislative Affairs Commission of the National People's Congress Standing Committee, said at the same press conference on Friday.