Reform and opening up have been a crucial move for China to catch up with the times in great strides and make great achievements in economic and social development, The New Times, Rwanda’s largest daily newspaper reported on Aug. 25.
Over the past 46 years, along with the main theme of reform and opening-up, the Communist Party of China (CPC) has continuously been planning new strategies and proposing new policies to point the direction for China’s economic and social development and modernization.
In 1978, the third Plenary Session of the 11th CPC Central Committee was convened, launching the reform and opening-up, and socialist modernization. In 2013, the Third Plenary Session of the 18th CPC Central Committee marked the beginning of a new journey of comprehensively deepening reform in the new era.
In 2022, the 20th National Congress of the CPC established the central task of building China into a great modern socialist country in all respects and achieving the Second Centenary Goal, realizing the great rejuvenation of the Chinese nation on all fronts through advancing Chinese modernization.
This year July, in order to implement the strategic plans made through the 20th National Congress, and turn the development blueprint into reality, the Third Plenary Session of the 20th CPC Central Committee adopted the “Resolution on Further Deepening Reform Comprehensively to Advance Chinese Modernization.”
In 2021, China built a moderately prosperous society in all aspects and thus achieved the First Centenary Goal. China also historically eradicated absolute poverty with 800 million people and stepped into a new era of economic and social development with new achievements.
In the past decade, China’s economy grew by an average annual rate of 6.1%, contributing to world economic growth more than 30% on average.
The domestic and international economic flows have scaled up commodity trade and recorded new highs. Residents’ income has steadily increased.
The fundamentals of China’s economy remain robust, and the general trend of high-quality development is still promising.