Xi stresses on enhanced reforms

From Our
Correspondent

BEIJING: President Xi Jinping on Tuesday called for efforts to promote deeper-level reform and pursue higher-level opening-up to provide strong impetus for establishing a new development pattern.
Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks while presiding over the 15th meeting of the central committee for deepening overall reform.
Xi stressed that accelerating the establishment of a new development pattern featuring dual circulation, which takes the domestic market as the mainstay while letting domestic and foreign markets boost each other, is a strategic decision made in accordance with changes in China’s development stage, environment and conditions, and a systematic deep-level reform concerning the overall situation of the country.
Efforts should be made to give full play to reform, remain firm in strategic determination, uphold and improve the socialist system with Chinese characteristics, and modernize China’s governance system and capacity, he said.
Li Keqiang, Wang Huning and Han Zheng, all members of the Standing Committee of the Political Bureau of the CPC Central Committee and deputy heads of the central committee for deepening overall reform, attended the meeting.
To build a new development pattern, both short-term responses and medium and long-run growth should be considered as a whole, and the country needs to accelerate reforms that help increase the efficiency of resource allocation, and reforms that help improve growth quality and efficiency, Xi said.
It is necessary to link up the construction of a new development pattern with the implementation of the strategy for coordinated regional development and the construction of pilot free trade zones, and explore building a new development pattern and creating a new highland of reforms and opening-up in regions where conditions permit, he said.
He stressed the importance of the forward-looking study of reforms, active and effective handling of unstable and uncertain factors, expanding policy space, and enhancing institutional resilience.