The 20th Central Committee of the Communist Party of China concluded its third plenary session on Thursday, focusing on comprehensively deepening reform to advance China’s modernization efforts.
Ma Liang, a professor of public administration and researcher at the National Academy of Development and Strategy at Renmin University of China, praised the session’s outcomes. “The resolution has comprehensively explained the tasks in 14 fields of deepening reforms, and China’s path to modernization,” he said.
Ma highlighted the communique’s emphasis on the “unswerving consolidation and development of the public sector,” alongside the “unswerving encouragement, support, and guidance for the development of the non-public sector.” He noted, “This is timely and significant, especially for boosting confidence in the private economy.”
To build a high-quality socialist market economy, the communique stated that the role of the market must be better leveraged. It called for fostering a fairer and more dynamic market environment and allocating resources as efficiently as possible.
“This is an important signal to create a better business environment for private enterprises and entrepreneurs in the future,” Ma said.
He also emphasized that the communique offers a strong example of how China understands the direction of its future development. “It will better guide policy introductions in various fields to build a better business environment in the future, both at home and abroad,” he said.
The professor stressed that the country will focus on raising the people’s quality of life, building a “Beautiful China,” and pursuing high-quality opening up. “This means specific policies or measures will be introduced accordingly,” he added.
Ma noted that the reforms mentioned in the communique are highly valued and anticipated by the Chinese people. “The next step is to implement the reform policies and measures, which are much more important,” he pointed out, acknowledging that the tasks are challenging.
To overcome these challenges, Ma said it’s important to enhance the sense of participation among people from all walks of life, raise their passion, and motivate them to take part in future reforms.
Reference(s):
Expert: Third plenary session 'timely' and 'significant' for China
cgtn.com
