Applying the New Development Philosophy, Creating a New Development Pattern and Promoting High-Quality Development
(October 17, 2022)
The National Development and Reform Commission
Since the 18th National Congress of the Communist Party of China（CPC）, the CPC Central Committee with Comrade Xi Jinping at its core united and led the whole Party and Chinese people of all ethnic groups in forging ahead. We ensured a holistic approach to the Five-Sphere Integrated Plan and coordinated implementation of the Four-Pronged Comprehensive Strategy, responded to Covid-19 and pursued economic and social development in a well-coordinated way, ensured both development and security. Following the general principle of pursuing progress while ensuring stability, we made every effort to promote the progress of building a moderately prosperous society in all respects, apply the new development philosophy in full, in the right way, and in all fields of endeavor, strive to promote high-quality development, and proactively create a new pattern of development. China’s economic and social development has scored historic achievements and gone through historic changes.
China’s economic strength has risen by a significant margin, with its GDP reaching 114.4 trillion yuan in the year of 2021 compared with 53.9 trillion yuan in the year of 2012. The proportion of China’s GDP in the world’s GDP expanded from 11.3% to 18.5%, and per capita GDP jumped from 6,300 USD to 12,551 USD. We continuously refined the demand structure and steered Chinese manufacturing industry toward the medium-and high-end. The output of major industrial and agricultural products has been steady to hold world front row. ODI and FDI rank among the top in the world. The position as the second largest world economy, the second largest consumption market, and the largest country in manufacturing, trade in goods and foreign exchange reserves has been further consolidated and lifted. China has been the biggest driving force for world economic growth. Meanwhile, we worked to improve people’s wellbeing continuously. All of the 98.99 million rural residents who were lying below the current poverty line have been lifted out of poverty, and the historic achievement of eradicating absolute poverty has been made. Nearly 10 million people in poverty have been relocated from inhospital areas, and a total of 13 million urban jobs were newly created at an annual average. Growth in personal income is higher than the per capita GDP growth in the corresponding period and China has established the world’s largest social security system.
One will never know how difficult a task is, unless one has tried it himself. These extraordinary and remarkable achievements in China’s economic development did not come easily and have been achieved under the background of severe and complex international situation when huge risks and challenges emerge one after another. We owe our achievements to the steering of General Secretary Xi Jinping, the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, the scientific guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and the concerted efforts of the CPC and Chinese people of all ethnic groups.
There is no end to practice, nor to theoretical innovation. Xi Jinping’s economic thought insists on observing, grasping and leading the times with Marxism and has formed a series of theoretical achievements with distinct contemporary and creative characteristics in adapting to the new situation, solving new problems and meeting new challenges. It has made important original contributions to the development of Marxist political economy. Xi Jinping’s economic thought has creatively put forward the overarching theoretical view of strengthening overall CPC leadership over economic work, the people-centered philosophy of development, the new vision of innovative, coordinated, green, open and shared development, and the important judgment that China’s economy has been transitioning from a phase of rapid growth to a stage of high-quality development. It has creatively put forward the important thought of developing and improving the socialist market economy, the major policy of supply-side structural reform, the major strategy of creating a new pattern of development, and the important thought of steering economic globalization in the right direction.
Xi Jinping’s economic thought is extensive, profound and rich in content. It has chartered the right course for economic work in the new era, guiding us on how to remove impediments and increase impetus to development and how to foster an advantage in our development. It has set a fundamental guideline to scientifically responding to major risks and challenges and building a modern socialist country in all respects. We should study, publicize and implement in an earnest manner the important report delivered by General Secretary Xi Jinping at the 20th CPC National Congress. Study and digest Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, especially Xi Jinping’s economic thought and make strides in all aspects in our work.
Currently, China has achieved the first centenary goal, and is now marching on a new journey toward its second centenary goal. We are closer than ever before to the goal of national rejuvenation, and more confident and capable of making it a reality. We are now faced with changes of the world, of our times and of history, along with new strategic opportunities, tasks, stages, requirements and environment. With the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, the institutional strength of socialism with Chinese characteristics of pooling the resources to accomplish major initiatives, the solid material foundation laid down by economic and social development since the reform and opening-up, especially since the 18th CPC National Congress, and the mighty force of the Chinese people of all ethnic groups to work together and work hard to forge ahead in the new era, we are confident and committed to realizing the strategic goal of building a modern socialist country in all respects and advance the rejuvenation of the Chinese nation on all fronts.