Page 3 - ON BUILDING A HUMAN COMMUNITY WITH A SHARED FUTURE

A NEW BLUEPRINT FOR GLOBAL GROWTH

proud to have friends throughout the globe.

Ladies and Gentlemen,
Friends,
Thirty-eight years of reform and opening up have passed in what
seems like the twinkling of an eye. Today, as China’s economy expands
and its cooperation with the world deepens, questions regarding the
outlook for its economy have attracted close international attention.
Many wonder whether China can continue to grow in a sustainable and
steady manner, whether it can continue its reform and opening up, and
whether it can avoid the “middle income trap.”
Actions speak louder than words. And China has answered these
questions with concrete action. Early this year, we drew up China’s 13th
Five-Year Plan for economic and social development. Based on the goal
of building a moderately prosperous society in all respects, this plan
envisages the cherishment and implementation of a vision of innovative,
coordinated, green, open, and shared development, as a direct response
to the acute challenges of uneven, uncoordinated, and unsustainable
development.
The China of today stands at a new historical starting point. This is
a starting point from which it will deepen reform across the board and
foster new drivers of economic and social development; from which it
will adapt its economy to a new normal and transform its growth model;
from which it will deepen its interaction with the rest of the world and
open its doors wider. We have the confidence and ability to maintain
a medium-high rate of growth and to provide more development
opportunities to the world as we continue to develop.
Proceeding from this new starting point, we will steadfastly and
comprehensively deepen reform to open up brighter prospects for
development. China’s economic development has entered a new normal,
an inevitable stage if we are to upgrade our economy, optimize our
division of labor, and establish more rational structures. To maintain
medium-high growth rate under the new normal, reform is a must. Being
hidebound by convention will lead us nowhere. Being afraid to advance
will only result in lost opportunities. The direction of China’s reform
has been set and we will not waver from this. China will push its reform

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