Xi calls for more reform, innovation
Print Edition
PRESIDENT Xi Jinping yesterday called for more reform and innovation as the country prepares to enter its 13th Five-Year Plan period.
"Reform and development have achieved a high degree of integration. Further development needs to be based on reform, while progress in reform gives a strong impetus for development,"he said during the 18th meeting of the central leading group for comprehensively deepening reform.
The spirit of reform and innovation must be strengthened and the country's governance system must be modernized, said Xi, who also heads the leading reform group.
The Communist Party of China Central Committee last week announced a comprehensive proposal for the next five years.
The leading group said that further reforms on mass organizations will be launched to make them more efficient.
The importance of creating a network of free trade areas, which can better mobilize domestic and international resources, was noted yesterday.
The leading group emphasized that the market should be allowed to play a decisive role in allocating resources and that the government should play a better role. China will also open its service sector wider.
Innovation is called for in processing trade so that China can gain a new edge in international competition while maintaining its traditional advantages. Consistency in government policy is needed to help the processing trade develop and move up the global value chain.
China will attach greater importance to quality rather than quantity in foreign trade, with the aim of becoming an international trading powerhouse, according to a statement issued after the meeting.
Plans to develop an inclusive financial system aim to improve the coverage and accessibility of financial services and meet the rising demand of the people, especially farmers, owners of micro-firms, and urban residents on low incomes, it said.
Urban management will be improved to meet the demands of new-type modernization, while China will pilot the construction of high-end think tanks to provide better policy research and consultation, it said.
In the proposals for the five-year plan, five development ideas are stressed: innovation, coordination, green development, opening up and sharing.
These are crucial for the overall development layout, and further reforms will be launched in these directions, it said.
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