Page 8 - Hold High the Great Banner of Socialism with Chinese Characteristics and Strive in Unity to Build a Modern Socialist Country in All Respects

problem of absolute poverty in China, making significant contributions to the

cause of global poverty reduction.
—We have put forward and applied a new development philosophy, worked hard
to promote high-quality development, and pushed to foster a new pattern of
development. We have carried out supply-side structural reform, formulated a
series of major regional strategies important to China’s overall development,
and brought about a historic rise in China’s economic strength.

In the past decade, China’s GDP has grown from 54 trillion yuan to 114
trillion yuan to account for 18.5 percent of the world economy, up 7.2
percentage points. China has remained the world’s second largest economy,
and its per capita GDP has risen from 39,800 yuan to 81,000 yuan. It ranks first

in the world in terms of grain output, and it has ensured food and energy
security for its more than 1.4 billion people. The number of permanent urban
residents has grown by 11.6 percentage points to account for 64.7 percent of
the population. China’s manufacturing sector is the largest in the world, as
are its foreign exchange reserves. China has built the world’s largest networks
of high-speed railways and expressways and made major achievements in
building airports, ports, and water conservancy, energy, information, and
other infrastructure.

We have accelerated efforts to build our self-reliance and strength in
science and technology, with nationwide R&D spending rising from 1 trillion
yuan to 2.8 trillion yuan, the second highest in the world. Our country is now
home to the largest cohort of R&D personnel in the world.

We have grown stronger in basic research and original innovation, made
breakthroughs in some core technologies in key fields, and boosted emerging
strategic industries. We have witnessed major successes on multiple fronts,
including manned spaceflight, lunar and Martian exploration, deep sea and
deep earth probes, supercomputers, satellite navigation, quantum
information, nuclear power technology, new energy technology, airliner
manufacturing, and biomedicine. China has joined the ranks of the world’s

innovators.
—We have comprehensively deepened reform with tremendous political courage.
We have carried out critical tasks and enhanced top-level design for reform.
We have dared to brave uncharted waters, take on tough problems, navigate

potential dangers, and face new issues and challenges. We have broken the
shackles of stale thinking, torn down barriers erected by vested interests, and
removed institutional obstacles in all areas. This has enabled us to put in place
foundational institutional frameworks in all sectors, to achieve historic,
systemic, and holistic transformations in many fields, and to complete a new
round of reform in Party and state institutions. The system of socialism with
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