Xi Jinping delivers report to CPC congress
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The Communist Party of China opens the 19th National Congress at the Great Hall of the People in Beijing, Oct 18, 2017. [Photo/Xinhua] |
Economy
Xi called for focusing on the real economy, and working faster to build China into a manufacturer of quality.
"We will move Chinese industries up to the medium-high end of the global value chain, and foster a number of world-class advanced manufacturing clusters," he said.
- New methods to improve economic macro-regulation
Xi called for developing new methods to improve macro-regulation by better coordinating fiscal, monetary, industrial, regional, and other economic policies.
- Xi calls for furthering SOE reform
Xi called for furthering reform of State-owned enterprises (SOEs) and making them "stronger, better and bigger."
"We will further reform of SOEs, develop mixed-ownership economic entities, and turn Chinese enterprises into world-class, globally competitive firms," he said.
- Boosting fundamental role of consumption in China's economic growth
"We will improve systems and mechanisms for stimulating consumer spending, and leverage the fundamental role of consumption in promoting economic growth," Xi said.
Reform of the investment and financing systems will also be deepened to enable investment to play a crucial role in improving the supply structure, he added.
- Cause of CPC, nation see 'historic shifts' in past five years
Xi said that "historic shifts" have been made in the cause of the Communist Party of China and the country in the past five years.
China's GDP rose from 54 trillion to 80 trillion yuan ($8.2-$12.1 trillion) over the past five years, he said.
More than 60 million people have been lifted out of poverty over the past five years, Xi said.
