Page 4 - ON BUILDING A HUMAN COMMUNITY WITH A SHARED FUTURE

ON BUILDING A HUMAN COMMUNITY WITH A SHARED FUTURE

forward steadily and will not slow its pace.
China’s reform has now sailed into uncharted waters fraught with
tough challenges. But we have the courage and resolve to undergo the
painful adjustments and transformations needed to deal with the ills
and afflictions that have built up over many years, particularly the deep-
rooted problems and entrenched interests, so as to carry reform through
to the end. We will continue to advance supply-side structural reform
in response to the major problems in current economic development,
working to raise the performance of the supply system by optimizing the
allocation of production factors and adjusting the industrial structure.
With these efforts, we can energize the market and promote coordinated
development. We will continue to innovate institutional mechanisms,
break down the barriers of vested interests, and advance law-based
governance in every respect to better leverage both the decisive role of
the market in resource allocation and the due role of the government.
Proceeding from this new starting point, we will steadfastly
pursue an innovation-driven development strategy to unleash stronger
growth drivers. Scientific and technological innovation holds the key to
development. We are keenly aware that despite their size, many sectors
in China’s economy are neither strong enough nor competitive enough.
Over the years, they have depended on the input of resources, capital,
and labor to grow and expand, but this model is no longer sustainable.
China now faces the formidable task of transforming its growth drivers
and model and adjusting its economic structure. To build itself into an
innovative country and a leader in science and technology is not just a
pressing task for China but the only way forward.
We are implementing the innovation-driven development strategy
to leverage innovation as a primary growth driver and to make growth
quality rather than quantity based. We will promote all-embracing,
multi-tiered, and cross-sectoral changes to development concepts, institutional
structures, and business models and realize a fundamental shift in the
internal forces and dynamics driving development. We will strive to make
breakthroughs in major projects and priority areas and take the lead in
undertaking major international scientific programs and projects. We will
study in depth to address urgent science and technology-related issues
holding back economic and industrial development. We will accelerate

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