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Xi Jinping delivers report to CPC congress

( Xinhua/chinadaily.com.cn )

Updated: 2017-10-18

Opening-up

- China will only become more and more open

Xi said that China will not close its door to the world, and it will only become more and more open.

He stressed the importance of both "bringing in" and "going global," and called upon the country to pursue the Belt and Road Initiative as a priority.

- More market-based interest rates, exchange rates

Xi called for making China's interest rates and exchange rates more market-based.

He also stressed the importance of improving the financial regulatory system to "forestall systemic financial risks."

 

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 (about $8.2-$12.1 trillion) over the past five years, Xi said.

More than 60 million people have been lifted out of poverty over the past five years, Xi said.

CPC to develop China into 'great modern socialist country' by mid-21st century

Xi said that the Communist Party of China will develop China into a "great modern socialist country" by the middle of the 21st century.

The Communist Party of China will take a two-step approach to build China into a great modern socialist country that is prosperous, strong, democratic, culturally advanced, harmonious, and beautiful by the middle of the century, Xi said.

Achieving national rejuvenation will be "no walk in the park"

Citing a Chinese saying that "the last leg of a journey just marks the halfway point," Xi demands every Party member "be prepared to work even harder toward this goal."

"Today, we are closer, more confident, and more capable than ever before of making the goal of national rejuvenation a reality," Xi said.

"Realizing our great dream demands a great struggle," Xi said.

National rejuvenation just 'wishful thinking' without CPC leadership

Without the leadership of the Communist Party of China (CPC), national rejuvenation would just be "wishful thinking," Xi said.

"We must keep on strengthening the Party's ability to lead politically, to guide through theory, to organize the people, and to inspire society, thus ensuring that the Party's great vitality and strong ability are forever maintained," he said.

CPC to set up central leading group for advancing law-based governance in all areas

The move is aimed at exercising unified leadership over the initiative to build rule of law in China, he said.

Advancing law-based governance in all fields is a profound revolution in China's governance, Xi said.

Related:CPC to advance constitutionality review

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," Xi said.

Vowing to take effective measures to prevent the loss of state assets, the CPC will also work to ensure state assets "maintain and increase" their value, and support state capital in "becoming stronger, doing better, and growing bigger," Xi said.

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