Central spirit

Xi Jinping stressed in the third collective learning of the Political Bureau of the CPC Central Committee
Deeply understand the importance of building a modern economic system
Promote China's economic development to a new level with new vitality

Date of issue: 2018-02-01 Source: People's Daily
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On the afternoon of January 30, the Political Bureau of the CPC Central Committee conducted the third collective study on building a modern economic system. Xi Jinping, General Secretary of the Central Committee of the Communist Party of China, stressed that building a modern economic system is a big article, not only a major theoretical proposition, but also a major practical topic, which needs in-depth discussion from the combination of theory and practice. Building a modern economic system is the strategic goal of China's development, and it is also an urgent requirement to transform the mode of economic development, optimize the economic structure, and transform the driving force of economic growth. The whole party must deeply understand the importance and difficulty of building a modern economic system, scientifically grasp the goals and priorities of building a modern economic system, and promote China's economic development to radiate new vitality and reach a new level.

This time, the Politburo of the CPC Central Committee studied collectively, and the Politburo comrades of the CPC Central Committee learned by themselves and exchanged experiences. Liu He, Sun Chunlan, Li Xi, Li Qiang, Li Hongzhong, Chen Quanguo, Chen Miner, Hu Chunhua, and Cai Qi made key speeches on this issue. The Politburo comrades of the CPC Central Committee listened to their speeches and discussed relevant issues.

Xi Jinping delivered a speech when he presided over the study. He pointed out that building a modern economic system is a major decision made by the CPC Central Committee from the perspective of the overall cause of the Party and the state, with a view to achieving the "two centenary goals" and meeting the new requirements of socialism with Chinese characteristics entering a new era. If a country is strong, its economic system must be strong. Only by forming a modern economic system can we better comply with the trend of modernization development and win the initiative of international competition, and can we provide strong support for modernization in other fields. We should speed up the construction of a modern economic system in accordance with the requirements of building a modern socialist power, and ensure that the goal of building a modern socialist power is achieved on schedule.

Xi Jinping stressed that the modern economic system is an organic whole composed of the interrelationships and internal links of all links, levels and fields of social and economic activities. It is necessary to build an industrial system led by innovation and coordinated development, realize the coordinated development of the real economy, scientific and technological innovation, modern finance and human resources, so that the contribution share of scientific and technological innovation in the development of the real economy will continue to increase, the ability of modern finance to serve the real economy will continue to increase, and the role of human resources in supporting the development of the real economy will continue to optimize. We need to build a unified, open and orderly market system, achieve smooth market access, open and orderly markets, full market competition, and standardized market order, and accelerate the formation of a modern market system in which enterprises operate independently and compete fairly, consumers choose freely and consume independently, and commodities and factors flow freely and evenly. We should build an income distribution system that reflects efficiency and promotes fairness, achieve reasonable income distribution, social fairness and justice, and common prosperity for all people, promote the equalization of basic public services, and gradually narrow the income distribution gap. It is necessary to build a urban-rural regional development system that highlights advantages, coordinates and links, realize regional benign interaction, urban and rural integrated development, and overall optimization of land and sea planning, cultivate and give play to regional comparative advantages, strengthen regional complementary advantages, and shape a new pattern of regional coordinated development. We should build a green development system that is resource-saving and environmentally friendly, achieve green, circular, low-carbon development, and harmonious coexistence between people and nature, firmly establish and practice the concept that green water and green mountains are golden mountains and silver mountains, and form a new pattern of harmonious development between people and nature and modernization. We should build a diversified, balanced, safe and efficient system of comprehensive opening up, develop a higher level of open economy, and promote the transformation of opening up towards optimizing the structure, expanding the depth, and improving efficiency. It is necessary to build an economic system that gives full play to the role of the market and the role of the government, so that the market mechanism is effective, the micro main body is dynamic, and the macro-control is moderate. The above systems are unified and should be built and promoted as a whole. The modern economic system we are building should learn from the beneficial practices of developed countries, and more importantly, should be in line with China's national conditions and have Chinese characteristics.

Xi Jinping pointed out that building a modern economic system requires solid and effective policy measures and actions. We should focus on the following aspects. First, we should vigorously develop the real economy and lay a solid foundation for a modern economic system. The real economy is the foundation of a country's economy, the fundamental source of wealth creation, and an important pillar of national prosperity. We need to deepen the supply side structural reform, accelerate the development of advanced manufacturing, promote the deep integration of the Internet, big data and artificial intelligence with the real economy, promote the concentration of resource factors, the tilt of policies and measures to the real economy, and the strengthening of work force to the real economy, and create a down-to-earth, industrious and entrepreneurial development environment and social atmosphere for industry to become rich. Second, we need to accelerate the implementation of the innovation driven development strategy, strengthen the strategic support of the modern economic system, strengthen the construction of the national innovation system, strengthen strategic scientific and technological forces, promote the deep integration of scientific and technological innovation and economic and social development, and shape more innovation driven and first mover advantage oriented development. Third, we should actively promote the coordinated development of urban and rural areas and regions, optimize the spatial layout of the modern economic system, implement the strategy of coordinated regional development, promote the coordinated development of Beijing Tianjin Hebei and the Yangtze River Economic Belt, and coordinate the development of the Guangdong Hong Kong Macao Greater Bay Area. Rural revitalization is a big game, and we should play it well. Fourth, we should focus on developing an open economy, improve the international competitiveness of the modern economic system, make better use of global resources and markets, and continue to actively promote international exchanges and cooperation under the "Belt and Road" framework. Fifthly, we should deepen the reform of the economic system, improve the institutional guarantee of the modern economic system, speed up the improvement of the socialist market economy, resolutely eliminate the drawbacks of various systems and mechanisms, and stimulate the innovation and entrepreneurship vitality of the whole society.