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CPC Central Committee adopts resolution on further deepening reform comprehensively

Xinhua | Updated: 2024-07-18 16:30
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Xi Jinping, Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi attend the third plenary session of the 20th Communist Party of China (CPC) Central Committee in Beijing, capital of China. The plenary session was held from July 15 to 18, 2024. [Photo/Xinhua]

"We will improve the institutions and mechanisms for fostering new quality productive forces in line with local conditions, for promoting full integration between the real economy and the digital economy, for developing the service sector, for modernizing infrastructure, and for enhancing the resilience and security of industrial and supply chains," it stated.

In supporting all-around innovation, the Party will deepen comprehensive reform in education, structural scientific and technological reform, and institutional reforms for talent development.

In improving macroeconomic governance, the communique urged pursuing coordinated reforms in the fiscal, tax, financial, and other major sectors and enhancing the consistency of macro policy orientation, with the national strategic planning system and policy coordination mechanisms to be improved.

On integrated urban and rural development, the Party must promote equal exchanges and two-way flows of production factors between the cities and the countryside, so as to narrow the disparities between the two and promote their common prosperity and development, according to the communique. Reform of the land system will be deepened, it added.

Describing opening up as a "defining feature of Chinese modernization," the communique said that the Party will "steadily expand institutional opening up, deepen the foreign trade structural reform, further reform the management systems for inward and outward investment, improve planning for regional opening up, and refine the mechanisms for high-quality cooperation under the Belt and Road Initiative."

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