Comprehensively Deepening Reform and Expanding High Level Opening up to the Outside World - Review of the Fifth Series of Implementing the Spirit of the Central Political Bureau Meeting to Do Current Economic Work Well
2023-05-05
Reform and opening up are a powerful driving force for promoting economic and social development. The Political Bureau meeting of the Central Committee of the Communist Party of China held on April 28th emphasized the need to comprehensively deepen reform, expand high-level opening up to the outside world, and make important arrangements for implementing the Party and state institutional reform plan, stabilizing the basic situation of foreign trade and foreign investment, and aligning with international high standard economic and trade rules. Strengthening endogenous driving force and promoting overall improvement in economic operation. Since the beginning of this year, with the rapid and stable transition of epidemic prevention and control, the recovery of production and living order has accelerated, and positive factors have accumulated and increased. The economic operation has started well. The meeting of the Central Political Bureau affirmed that "economic development is showing a rebound and positive trend", while pointing out that "the current improvement in China's economic performance is mainly restorative, with weak endogenous momentum and insufficient demand". The contribution of endogenous power to economic growth is not only a quantitative increase, but also a qualitative improvement. "Yang Guangpu, an associate researcher at the Development Research Center of the State Council, said that comprehensively deepening reform and expanding high-level opening up to the outside world are key measures to continuously stimulate market vitality, enhance endogenous power, unleash demand potential, and promote the effective improvement of economic operation in terms of quality and reasonable growth in terms of quantity. To enhance endogenous driving force, deepening reform should be regarded as an important choice to tap into the potential of economic growth, efforts should be made to break down the institutional and institutional barriers that constrain growth, organically combine expanding demand with deepening supply side structural reform, combine policy effectiveness with stimulating market vitality, and continuously improve the efficiency of factor allocation and product circulation. Accelerate the implementation of the Outline of the Strategic Plan for Expanding Domestic Demand (2022-2035) and the Implementation Plan for Expanding Domestic Demand during the 14th Five Year Plan period; Prioritize the restoration and expansion of consumption, enhance consumption capacity, improve consumption conditions, and innovate consumption scenarios; Effectively and orderly promoting the construction of 102 major projects in the 14th Five Year Plan, effectively driving investment from the whole society through government investment and policy incentives... A series of policy measures have laid the foundation for promoting a virtuous cycle of the national economy. To enhance the endogenous driving force, we need to expand opening up to promote deepening reform, promote better mutual promotion of domestic and international dual circulation, and introduce international high-end factor resources such as technology, funds, and talents through the implementation of a higher level of opening up to the outside world, in order to add new vitality and expand new space for promoting high-quality development of China's economy. The meeting conveyed a clear signal to the outside world that China is determined to strengthen its endogenous driving force, deepen reform and opening up, and increase innovation efforts. Yang Guangpu stated that in the future, comprehensive measures will be taken to unleash the potential of domestic demand, vigorously deepen reform, expand high-level opening up to the outside world, promote sustained overall improvement in economic operation, and take a good step towards the comprehensive construction of a socialist modernized country. Brave breakthroughs, good innovation, and adhering to the principle of promoting development through reform. This Central Political Bureau meeting emphasized that "we will conscientiously implement the reform plan of the Party and state institutions, and promote the modernization of the national governance system and governance capabilities. Reorganize the Ministry of Science and Technology, establish the State Administration for Financial Supervision and Administration, and the National Data Bureau... More than a month ago, the "Party and State Institutional Reform Plan" was released. Reform is a systematic project. The party and government organizations belong to the superstructure and must meet the requirements of the economic foundation. In the context of the new era, this institutional reform plan focuses at a higher level
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Xinhua
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