Page 4 - SECURE A DECISIVE VICTORY IN BUILDING A MODERATELY PROSPEROUS SOCIETY IN ALL RESPECTS AND STRIVE FOR THE GREAT SUCCESS OF SOCIALISM WITH CHINESE CHARACTERISTICS FOR A NEW ERA

China a leader among the major economies. With the gross domestic product

rising from 54 trillion to 80 trillion yuan, China has maintained its position as the
world’s second largest economy and contributed more than 30 percent of global
economic growth. Supply-side structural reform has made further headway,
bringing a steady improvement in the economic structure. Emerging industries like
the digital economy are thriving; the construction of high-speed railways,
highways, bridges, ports, airports, and other types of infrastructure has picked up
pace. Agricultural modernization has steadily advanced, with annual grain
production reaching 600 million metric tons. The level of urbanization has risen by
an annual average of 1.2 percentage points, and more than 80 million people who

have moved from rural to urban areas have gained permanent urban residency.
Regional development has become more balanced; the Belt and Road Initiative,
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the coordinated development of the Beijing-Tianjin-Hebei region, and the
development of the Yangtze Economic Belt have all made notable progress.
Through devoting great energy to implementing the innovation-driven
development strategy, we have seen much accomplished toward making China a
country of innovators, with major advances made in science and technology,

including the successful launch of Tiangong-2 space lab, the commissioning of the
deep-sea manned submersible Jiaolong and of the five-hundred-meter aperture
spherical telescope (FAST) Tianyan, the launch of the dark matter probe satellite
Wukong and the quantum science satellite Mozi, and the test flight of the airliner
C919. Construction on islands and reefs in the South China Sea has seen steady
progress. The new institutions of the open economy have been steadily improved.
China now leads the world in trade, outbound investment, and foreign exchange
reserves.

 We have made major breakthroughs in deepening reform.

We have taken comprehensive steps to deepen reform swiftly but steadily, and
worked with resolve to remove institutional barriers in all areas. We have taken
moves across the board, achieved breakthroughs in many areas, and made further
progress in reform. We have pursued reform in a more systematic, holistic, and
coordinated way, increasing its coverage and depth. Thanks to the launch of over
1,500 reform measures, breakthroughs have been made in key areas, and general
frameworks for reform have been established in major fields. The system of
socialism with Chinese characteristics has been further improved, with notable

1 This refers to the Silk Road Economic Belt and 21st Century Maritime Silk Road Initiative.

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