Fifth Plenary Session of 19th CPC Central Committee
China's new development proposals help promote global economic recovery, say experts
Though the economic outlook may appear grim as Europe is battered by a second wave of COVID-19 and U.S. cases hit new records two days in a row, experts have said China's new development proposals inject confidence to the global economic recovery.
The fifth plenary session of the 19th Central Committee of the Communist Party of China, which concluded last month, proposed major social and economic development targets for the 14th Five-Year Plan period (2021-2025).
According to a communique released after the session, China will strive to make new strides in economic development during the period.
Noting that China's new development proposals pay more attention to the quality and efficiency of economic development by expanding domestic demand, opening up to the outside world, focusing green development, and scientific and technological innovation, Christine Bierre, editor-in-chief of France's Nouvelle Solidarite magazine and an expert at the Schiller France Institute, said the proposals will boost China's prosperity and development and also contribute to the recovery of the world economy in the post-pandemic era.
B.R. Deepak, professor and sinologist at Jawaharlal Nehru University in India, told Xinhua that China's new development proposals have offered insights for other developing countries.
Since China is likely to take the lead in such technologies as AI, big data, 5G and new energy vehicles, it will create new industrial supply chains and "continue to drive global economic growth and offer opportunities for various stakeholders," Deepak said.
Lauding Chinese achievements in the past five years, Yuri Tavrovsky, head of the Expert Council of the Russian-Chinese Committee for Friendship, Peace and Development, said China's achievements during the 13th Five-Year Plan and the coming 14th Five-Year Plan are important for Russia.
"This gives us a chance to intensify our economic ties. More significantly, we can study and reflect upon the Chinese experience," he said.
China's new development proposals underscore the roles of opening-up. In this regard, the ongoing third China International Import Expo (CIIE) demonstrates China's willingness to share its development opportunities with the world at a time when the world is facing grave challenges in economic recovery.
China's decision to expand its domestic market is "good news for" Italian companies to export their products to China, the Milan-based Italy China Foundation said Thursday in a statement released on the sidelines of the CIIE, which kicked off on Nov. 5 and runs through Nov. 10.
"The strategic choice of increasing the internal market that was set out in the 14th Five-Year Plan ... has been clearly confirmed (and) this is certainly positive for exports from our country," Italy China Foundation President Mario Boselli said.