Page 7 - Recommendations of the Central Committee of the Communist Party of China for Formulating the 15th Five-Year Plan for National Economic and Social Development

- Comprehensively deepening reform

With a focus on removing institutional barriers that impede high-quality
development, we must advance in-depth reform and expand high-standard
opening up. We should work to better adapt the relations of production to the
productive forces, the superstructure to the economic base, and national

governance to social development and make sustained efforts to increase
development momentum and boost the vitality of our society.

- Promoting both an efficient market and a well-functioning government
We should see that the market plays the decisive role in resource
allocation and that the government better fulfills its role. We should establish
a unified, open, competitive, and orderly market system, develop a

credit-based economy under the rule of law, and foster a first-rate business
environment that is market-oriented, law-based, and internationalized. This

will enable us to create an economic order defined by both market vitality and
effective regulation.
- Ensuring both development and security
It is essential for us to consolidate security in the course of development

and pursue development in a secure environment. We must better prepare
ourselves for worst-case scenarios, effectively prevent and mitigate all kinds

of risks, and enhance the resilience of our economy and society, so as to
safeguard China’s new pattern of development with its new security
architecture.
6. Major objectives

- Significant achievements in high-quality development
We should see that the economy keeps growing within an appropriate

range, realize steady gains in total factor productivity, and achieve a notable
increase in household consumption as a share of GDP. Domestic demand
should play an increasingly greater role as the principal engine of economic
growth, and the potential for growth should be fully unleashed. We should

advance the development of a unified national market and see to it that the
strengths of China’s enormous market continue to shine. We should secure

significant progress in new industrialization, informatization, urbanization,
and agricultural modernization, while working toward major breakthroughs
in developing new quality productive forces, fostering a new pattern of
development, and building a modernized economy.

- Substantial improvements in scientific and technological self-reliance and
strength

6