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We will give higher priority to the quality of development

At the 10th Meeting of the Financial and Economic Commission of the CPC Central Committee, "We need to make development more balanced, coordinated, and inclusive," setting out clear requirements on how to better implement the new vision of development in the new stage of development and promote common prosperity through high-quality development.


Adhering to the new development concept is a profound reform that has a bearing on China's overall development. Innovative development addresses the driving force of development; coordinated development addresses the imbalance of development; green development addresses the harmony between man and nature; open development addresses the linkage between internal and external development; and shared development addresses the issue of social equity and justice. The new development concept is an integral part of development, and the development process will be affected if any one of them is not fully implemented.


Development in the new era and at this new stage must follow the new development philosophy and be high-quality. At present, the principal contradiction facing Chinese society has turned into one between unbalanced and inadequate development and the people's ever-growing needs for a better life. The contradictions and problems in development are mainly reflected in the quality of development. For example, the task of reform in key areas and key links remains arduous; innovation capacity does not meet the need for high-quality development; the foundation of agriculture is not yet solid; there is a large gap in development between urban and rural areas and between regions and in income distribution; This requires that we must put the quality of development in a more prominent position, and strive to improve the quality and efficiency of development.


We will accelerate the improvement of the socialist market economy. To accelerate the improvement of the socialist market economy in the new era, we must fully implement the new vision on development, give full play to the decisive role of the market in allocating resources, and better play the role of the government. We will ensure that public ownership is the mainstay and that economic entities under various forms of ownership develop together, and that micro entities become more dynamic. With the focus on improving the property rights system and market-based allocation of factors of production, we will comprehensively deepen reform of the economic system, build a high-standard market system, and ensure that property rights provide effective incentives, factors of production flow freely, prices are flexible, competition is fair and orderly, and enterprises survive the fittest.


We will accelerate reforms that will improve the quality and efficiency of development. On the basis of the existing reform, based on the implementation of new development concept and building a new pattern of development, adhere to the problem oriented, strengthen innovation ability, promote the balanced development, improve the ecological environment, improve the level of opening, promote the development of Shared key areas and crucial links, such as continue to push the reform thorough, more precisely, a reform plan, to perfect the institutional system in a comprehensive way.


We need to see that the fruits of development are shared by all people in a more equitable way. As we enter a new stage of development, we must fully, accurately and fully implement the new vision of development, and we must pay more attention to achieving common prosperity. Meeting the people's new expectations for a better life has always been the starting point and goal of development. We have taken the initiative to address regional disparities, urban-rural disparities, and income disparities, and ensured and improved people's well-being through development. We will work to expand the size of the middle-income group and bring more low-income people into the middle-income bracket. We will promote equal access to basic public services, and improve the systems for old-age care, medical care, assistance to those most in need, and housing supply and security. We will strengthen regulation and regulation of high incomes and clean up and regulate unreasonable incomes. We will protect property rights and intellectual property rights, protect legal prosperity, and promote the healthy development of all kinds of capital.


At present, the global epidemic is still evolving, the external environment is becoming more complex and severe, the domestic economic recovery is still unstable and uneven, and the production and operation of enterprises in some industries are somewhat fragmented. We need to apply the new development philosophy to the whole process and all areas of economic and social development, focus our work on improving the quality and efficiency of development, make regional development more balanced, strengthen the coordination of industrial development, support the development of small and medium-sized enterprises, and promote steady and sustained economic growth.


Source: State-owned Assets Supervision and Administration Commission of the State Council