Page 4 - Recommendations of the Central Committee of the Communist Party of China for Formulating the 15th Five-Year Plan for National Economic and Social Development

impact on the domestic development of every country. China is in a period of
development where strategic opportunities exist alongside risks and

challenges and uncertainties and unforeseen factors are rising.
Internationally, momentous changes of a magnitude not seen in a
century are unfolding across the world at a faster pace. A profound shift is

taking place in the international balance of power, and breakthroughs are
accelerating in the new round of technological revolution and industrial
transformation. All this has created positive factors enabling China to make

proactive moves in the international arena and shape a favorable external
environment. Meanwhile, the changes we see in the world are intertwined
with disturbances, turmoil continues to mount, and geopolitical conflicts flare

up all too easily and frequently. Unilateralism and protectionism are on the
rise, and hegemonism and power politics pose greater threats. The
international economic and trade order is facing grave challenges, and global

economic growth lacks steam. Major-country rivalry is becoming more
intricate and intense than ever.
Domestically, the Chinese economy has a solid foundation, advantages in

many areas, strong resilience, and great potential. The conditions for and
underlying trend of long-term growth remain unchanged. More and more, we
are seeing the strengths of socialism with Chinese characteristics, China’s

enormous market, its complete industrial system, and its abundant human
resources all coming to the fore. However, development imbalances and
inadequacies remain prominent. Effective demand is sluggish, and

bottlenecks and obstacles are impeding economic flows. The task of
transitioning to new growth drivers is formidable, and agricultural and rural
modernization is lagging behind. There is considerable pressure weighing on

employment and personal income growth, and gaps and weak links still exist
in our work to ensure public wellbeing. Changes in China’s demographic
structure pose new challenges for economic development and social

governance, and risks and hidden dangers persist in some key areas.
Changes engender opportunities, and challenges bolster morale. All of us
in the Party must acquire a deep understanding of the decisive significance of

establishing Comrade Xi Jinping’s core position on the Party Central
Committee and in the Party as a whole and of establishing the guiding role of
Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era;

become more conscious of the need to maintain political integrity, think in
big-picture terms, follow the leadership core, and keep in alignment with the

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