Ladies and Gentlemen,
Friends,
China's development is an evolving historical process. Last month, the 19th National Congress of the Communist Party of China was successfully convened in Beijing. Responding to our people's desire for a better life, the Congress formulated a guide to action and a development blueprint for China in the new era. It is envisaged that by 2020, China will turn itself into a moderately prosperous society in all respects, and by 2035, China will basically realize socialist modernization. By the middle of this century, China will become a great modern socialist country that is prosperous, strong, democratic, culturally-advanced, harmonious and beautiful. Under the leadership of the Communist Party of China, the Chinese people will embark on a new journey.
First, this is a new journey of deepening reform across the board and unleashing dynamism for development. To resolve difficulties and problems on the way forward, we must deepen all-round reform. We will focus more on solving problems, get rid of all outdated thinking and ideas and all institutional ailments and break through the blockades of vested interests to inspire creativity and vitality throughout society. We will develop a set of institutions that are well conceived, fully built, procedure based, and efficiently functioning and achieve modernization of China's system and capacity for governance. Next year, we will celebrate the 40th anniversary of China's launching of the reform and opening-up initiative. China's reform will cover more areas; and more and stronger steps will be taken in pursuing this endeavor.
Second, this is a new journey of moving with the times and exploring new model of development. China's economy is in a transition from a phase of rapid growth to a stage of high-quality development. We will be guided by a new development philosophy, put quality first, give priority to performance and develop a modernized economy. We will pursue supply-side structural reform as our main task, work hard to achieve better quality and higher efficiency performance, and create more robust growth through reform. We will raise total factor productivity and accelerate the building of an industrial system that promotes coordinated development of the real economy with technological innovation, modern finance, and a talent pool. We will endeavor to develop an economy with more effective market mechanisms, dynamic micro-entities, and sound macro-regulation. All these efforts will make China's economy more innovative and competitive. We will promote further integration of the internet, big data, and artificial intelligence with the real economy, and cultivate new drivers of growth in digital economy, sharing economy, clean energy and other areas. We will continue to explore new mechanisms and pathways for achieving coordinated development among regions, promote coordinated development of the Beijing-Tianjin-Hebei region, Yangtze Economic Belt, Xiongan New Area, and Guangdong-Hong Kong-Macao Greater Bay Area, build world-class city clusters and foster new source of growth.
As China works hard to pursue innovation and higher quality of growth, new forms of business will keep emerging, more innovations will be used, and development of various regions in China will become more balanced. All this will create a more powerful and extensive impact, present more opportunities of cooperation and enable more countries to board the express train of China's development.
