The 20th National Congress of the Communist Party of China plays a "constant" for the changing situation of the world economy

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The 20th National Congress of the Communist Party of China plays a 'constant' for the changing situation of the world economy - Lujuba

When a century of changes is superimposed on the epidemic of the century, the Chinese economy and the world economy are facing drastic changes. In this extraordinary period, the 20th National Congress of the Communist Party of China has pointed out the direction of China's economy in the next five years and even longer, which will have a profound impact on the world.

The conference's adherence to the concept and path of reform and development will effectively boost people's confidence in the prospects of the world economy and prevent further spread of pessimistic expectations.


The 20th National Congress of the Communist Party of China plays a 'constant' for the changing situation of the world economy - Lujuba

On October 16th, the 20th National Congress of the Communist Party of China was grandly opened in the Great Hall of the People in Beijing. China News Agency reporter Mao Jianjun photo


At a time when China's total economic volume has reached one trillion yuan, the report of the 20th National Congress reiterated the creed of the CCP for many years: development is the party's first priority in governing and rejuvenating the country. In the report, important expressions familiar to generations of Chinese people, such as "adhering to and improving the basic socialist economic system", "unswervingly consolidating and developing the public sector economy, and unswervingly encouraging, supporting and guiding the development of the non-public sector economy" remain. in a prominent position.

In the past ten years, these economic development concepts and routes have not only made a historic leap in China's economic strength, but also benefited the world. The report of the 20th National Congress of the Communist Party of China pointed out that China will unswervingly follow this proven road of success.

's insistence is the most powerful response to some previous concerns and doubts about China's economic policies overseas, and it also gives the world economy a "reassurance". In the words of Guo Mu, global senior vice president of Herbalife and , "The Twenty Major Reports let us see the certainty of the Chinese market", which is enough to bring confidence to the global economic development.

The conference also issued a declaration that China will unswervingly expand opening up, which is of great significance to stabilizing the "basic market" of the world economy.

Right now, the world economy is at a crossroads. The aftermath of the epidemic has not yet dissipated, and anti-globalization, unilateralism, and protectionism are on the rise, geopolitical tensions have repeatedly escalated, and there have been many obstructions in the industrial chain and supply chain. Whether to continue to "open the door to welcome guests" and communicate with each other to the greatest extent possible, or to "build a wall and build a fortress" to further divide the multilateral trading system, the answers of various countries to this question largely determine the future of the global economy. Decades and beyond. The report of the 20th National Congress of the Communist Party of China gave China's answer: adhere to the basic national policy of opening up, firmly pursue the opening-up strategy of mutual benefit and win-win results, and adhere to the correct direction of economic globalization. A series of deployments such as "steadily expanding rules, regulations, management, standards and other institutional openings", "accelerating the construction of a trade powerhouse", and "maintaining a diversified and stable international economic structure and economic and trade relations" provide concrete evidence for China's determination to open up. Support and footing.


The 20th National Congress of the Communist Party of China plays a 'constant' for the changing situation of the world economy - Lujuba

Data map: Shanghai Yangshan Deepwater Port. Photo by Yin Liqin


As a major trading partner of more than 140 countries and regions in the world, China's adherence to high-level opening up will not only bring new broad markets and massive opportunities to other countries, help them get out of the trough as soon as possible, but also play a role in helping other countries. a demonstration effect.

"The more 'decoupling and breaking the chain' is rampant, the more we must do the opposite, and continue to 'build the chain' through open cooperation, create new connections, and keep the international economic structure stable. In the long run, this is a negative impact on the global economy. Governance is the most responsible behavior," said Wei Jianguo, former vice minister of China's Ministry of Commerce.

If viewed from a grander perspective, the report of the 20th National Congress of the Communist Party of China not only injected a "strengthening shot" into the world economy, but also opened a new window for it to look into a better future. At present, the "submission time" of the United Nations' 2030 Agenda for Sustainable Development is getting closer, but the problems of unbalanced and insufficient internal development in various countries, especially in developing countries, have not been effectively resolved. In this conference, high-quality development is listed as the primary task of comprehensively building a socialist modern country, hoping to find a way to get as much output as possible with as little input as possible, and to better benefit all the people., a new way to realize the harmonious coexistence of man and nature. This is a pretty high goal and pursuit. Once it is realized, it will not only provide valuable experience for many countries that are also exploring the development path, but will also mark an indelible mark in the entire human history.

China International Economic Exchange Center Chief Economist Chen Wenling told China News Agency reporter that high-quality development is the only practical option to resolve the various stock contradictions and potential incremental contradictions accumulated by the development of human society today. China's exploration of high-quality development will provide "China's answer" to the global solution to sustainable development problems and make China's contribution.


Source: China News Service

Author: Li Xiaoyu

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