New development philosophy helps China prosper, benefits the world – Xinhua English.news.cn

Photo taken on March 5, 2022 shows a view of the Great Hall of the People in Beijing, capital of China. (Xinhua/Xing Guangli)

BEIJING, March 18 (Xinhua) — Chinese President Xi Jinping again stressed on March 5 the need for the country to put the new development philosophy into practice, calling it the way forward to make China a strong in the new era.

“As long as we apply the new development philosophy in full, in the right way and in all areas of business, accelerate efforts to create a new development model, promote high-quality development, and accelerate capacity building science and technology of our country, we will definitely be able to constantly improve the competitiveness and sustainability of our country’s development, take the lead and embrace a good future in increasingly fierce global competition,” said Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission. Xi made the remarks while attending the deliberations of the Inner Mongolia Autonomous Region delegation at the of the fifth session of the 13th National People’s Congress.

The new development philosophy, characterized by innovative, coordinated, green, open and shared development, was proposed by Xi in 2015. It emphasizes the quality of economic and social development and comprehensively answers key questions surrounding the future development of China, including its purpose, driving force and methods. In addition, it manifests the CPC’s understanding of the development path and model, as well as its values ​​and political stance.

With the philosophy charting a development path that matches China’s actual situations, the country has made historic achievements and witnessed historic changes in its economic and social development under his leadership. In particular, amid fundamental changes in the world and the unprecedented challenges they bring, the Chinese economy has shown remarkable resilience.

In recent years, the world has seen a rise in anti-globalization sentiment. Due to this, and travel and transportation restrictions caused by the COVID-19 pandemic, parts of the global industry and supply chain have been shut down. China’s domestic economic circulation has been largely affected.

To solve the problem, in addition to adopting strong measures to coordinate pandemic control and economic growth, and expanding high-level opening-up, China has also actively built a “dual circulation” development paradigm. in which domestic and foreign markets are mutually reinforcing with the domestic market as the mainstay.

The timely adoption of these strategies has strengthened the resilience of the Chinese economy and helped shield it from the global impact. As a result, China has become the first major economy to record positive economic growth amid the pandemic. In 2020 and 2021, after experiencing average GDP growth of over 5%, China continued to be a stabilizing force in the global economy.

Robots operate on a production line in an automotive glass workshop of Fuyao Glass Industry Group Co., Ltd. at Fuqing City in Fuzhou, southeast China’s Fujian Province, Jan. 12, 2021. (Xinhua/Jiang Kehong)

Moreover, determined to pursue economic development characterized by openness and shared benefits, China has actively shouldered its responsibilities in stabilizing the global industrial chain and supply chain. For example, despite the impact of the pandemic, the China-Europe freight train has remained in operation, playing a pivotal role in international transportation. In 2021, a total of 15,183 China-Europe freight train trips were made, bringing the total number of trips to more than 50,000.

China’s development path and the results it produces are recognized by the international society. “China has achieved a truly remarkable recovery,” said Kristalina Georgieva, Managing Director of the International Monetary Fund. “As China is a vital engine for global growth, taking strong action to support high-quality growth will not only help China, but the world.”

It is vitally important to stay true to the right path in the showers and against the headwind. Prepared to face more complicated situations and more arduous tasks in the new stage of development, China is bound to continue to implement the new development philosophy, bring more tangible benefits to its people and contribute to development. global economic and social.