The Communist Party of China (CPC)’s 19th National Congress has pioneered a new wave of change in thisera-which is one that builds on the achievements of the past, continues with the relentless efforts for a better tomorrow and guides the people into a flourishing future. The next four years are of greater importance to China, and the lead-up to the zero hour will show how China is turning the last page tothe fruitful chapter of its revolution. But what is so special about the year 2021?
“Moderately Prosperous Society”or “Xiaokang society” is the new catchphrase in China nowadays, with it being frequently overheardduring speeches of Chinese officials, in media reports, and think tank papers. “Xiaokang” appeared for the first time in the oldest existing collection of Chinese poetry, that is Classic in nature. It was used to indicate moderate prosperity, in reference to a well-off society that encapsulates the dreams of Chinese people for a better life. The 18th CPC National Congress proposed the idea of completing “the building of a ‘Xiaokang’ society in all respects” in 2020, with doubling China’s 2010 levels of GDP and per capita income for both urban and rural residents as one of the main criteria that would be a leap-forward in their journey of progress and growth.
Mr. Xi Jinping the Chinese President and General Secretary of CPC has mentioned the concept of “two centenary goals” over 100 times in speeches and articles since the 18th CPC National Congress in 2012. In his speech to the opening session of the 19th Party Congress on October 18 this year, he recapped the greater importance of achievingthe two goals.
The first goal is to build a moderately prosperous society in all respects by 2021, the year that marks the 100th anniversary of the CPC’s founding. The second is to fully build a “modern socialist country that is prosperous, strong, democratic, culturally advanced, harmonious and beautiful” by 2049, to celebrate the 100th anniversary of the founding of the People’s Republic of China.
The main aim of a moderately prosperous society is to allow the Chinese population to live comfortable and affluent life with a progressive mindset to move forward and pave the way for future generations. The concept invokes increasing the per capita income and realizing a better, fairer and more equal distribution of wealth resulting from the economic growth. But while upping living standards for all Chinese lies at the heart of the concept, a “Xiaokang” society is by no means a strictly economic notion.
“Xiaokang” society has been called the Chinese equivalent of “middle class.” One estimate puts the number of middle-class households in China at 440 million after the country achieves the goal, and a Brookings Institution report predicted that the country will add 850 million to its middle class by 2030 – in other words, the middle class will make up 73 percent of the population which no doubt is the backbone and lynchpin of greater China.Chinaplans to set its real economic growth target at about 8% for 2021, several government sources say, the country nears and will succeed from a full recovery from the coronavirus pandemic it suffered this year.
China’s gross domestic product is estimated to have increased just about 2% this year due to the pandemic. But the government expects the economy to bounce back in full force next year on strong exports and a recovery in private-sector investment.”Exports are expected to stay strong in 2021, so we can achieve growth of around 8% even with less government spending,” a government source said.
GDP could jump 19% in January-March from a year prior, when the country logged its first quarter of negative growth on record, the Chinese Academy of Social Sciences predicts.The 8% target was likely approved at the Central Economic Work Conference, China’s annual economic planning meeting that ended recently.
The administration of President Xi Jinping will also work to prevent the economy from overheating and to keep debt levels under control, the sources say, by carefully reining in fiscal and monetary measures deployed to help the Chinese economy overcome the coronavirus. The plan is to also build up capital at banks so that they can dispose of nonperforming debt.Chinese President Xi Jinping said the new development paradigm will enable China to fully unlock its market potential and create greater demand for other countries.”As China’s economy grows, our people naturally want to lead an even better life. This will create more demand for a greater variety of quality products, technologies and services from across the world,” he said.”From next year (2021) on, China will embark on new journey toward fully building a modern socialist country,” 67-year-old Xi said while addressing the Asia-Pacific Economic Cooperation (APEC) CEO Dialogues via video link recently.
“We will foster a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other,” he said.”The new development paradigm is a strategic decision we have made based on the current stage and conditions of development in China and with full consideration given to economic globalization and changes in the external environment,” he said.Last month, a key conclave of the ruling Communist Party of China (CPC) headed by Xi adopted his proposals for the formulation of the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035. While the 14th Five-Year plan envisages a massive overhaul of the country’s domestic market to boost consumption in order to reduce China’s reliance on shrinking exports markets, the Vision 2035 visualizes a long-term plan, reflecting the developmental vision of the President Xi Jinping..
Keeping in view these ground realities China pulled further ahead of other major economies in November as industrial output and retail sales strengthened, reinforcing expectations of healthy growth in 2021.Industrial production rose 7% in November from a year earlier, while retail sales expanded 5% in the period. Fixed-asset investment grew 2.6% in the first 11 months of the year from the same period in 2019. The data matched the median estimates in a Bloomberg survey of economists.
China’s control over the pandemic is widening its divergence with other major nations, many of which are now re-imposing virus restrictions amid new waves of cases. After an early reliance on state-led investment to spur the economy, the latest figures show China’s recovery has broadened out to consumers, with spending on goods like cosmetics and jewelry picking up strongly.Oxford upgraded its estimate for China’s 2021 growth to 8.1% from 7.8% based on recent data. Economists surveyed by Bloomberg predict growth will accelerate to 5.9% in the current quarter and reach 2% for the whole of 2020.
While the strong recovery has given the central bank reason to reassess its policy stance, it isn’t withdrawing support just yet amid a spate of corporate defaults that have roiled debt markets. The People’s Bank of China added liquidity on recently Tuesday to ease financing pressures, $145 billion of one-year cash via the medium-term lending facility, more than offsetting the amount maturing in December.
The solid activity reduces the need for the People’s Bank of China to cut interest rates in the near future, but it doesn’t mean the PBOC will be able to withdraw policy support quickly. We expect the central bank to take steps to smooth corporate funding as it begins the long process of policy normalization.China is benefiting from its status as manufacturer to the world. Exports have skyrocketed in recent months as new virus restrictions in many of China’s biggest markets fueled demand for medical equipment and work-from-home electronic devices.
Still, the recovery has some way to go. Retail growth remains below the 8%-plus pace reached last year, and for the first 11 months of 2020, sales were still down 4.8% year-on-year. Restaurants and catering declined 0.6% in November from a year ago, suggesting that consumers are still somewhat nervous about eating out.China`s President Xi Jinpingand senior members of his team have signaled they’re considering further measures to boost household incomes and spending, with the ruling Communist Party’s Politburo, it’s top decision-making body, last week promising “demand-side reform.” Incomes may also get a boost from a tightening labor market, with Tuesday’s data showing the urban unemployment rate dropping slightly to 5.2% in November.
According to Fu Linghui, a spokesman for the National Bureau of Statistics projected “relatively fast” expansion in 2021 driven by consumption. Goldman Sachs Group Inc. also upgraded its growth forecasts based on Tuesday’s report, raising this year’s to 2.4% from 2% and next year’s to 8% from 7.5%.Fixed-asset investment growth slowed slightly in November from the previous month, but remained well above levels seen in recent years. Manufacturing investment grew 10.8% year-on-year in November, up sharply from October in a trend driven by export growth, Goldman Sachs analysts said in a report. Infrastructure investment growth moderated slightly, while property investment growth remained at high levels.
The data suggested that private sector sentiment is improving, with fixed asset investment by privately-owned companies up 0.2% in the 11 months through November, the first positive reading this year.
“The impressive export growth in 2020, by helping to boost the V-shaped recovery in the domestic economy since the second quarter of 2020, has for the past couple of months reduced the government’s need to ramp up infrastructure spending,” Nomura Holdings Inc. economists led by Lu Ting wrote in a note. “That said, we expect manufacturing investment growth to remain elevated in coming quarters.”The US and Europe have seen a massive rise in imports from a resurgent China, causing serious distortions in their economies and raising possible threats to their security. They now appear keen on getting out of a Chinese embrace, or becoming excessively dependent on China.
China is said to have accounted for more than half of all global AI investment over the last five years and in just the next three years alone Beijing expects a tenfold increase in the advancement of AI within a few years.”The hype around China’s investment in AI is definitely the highest in the world,” The huge AI investment is all part of what Beijing calls “Made in China 2025”
President Xi Jinping’s Government knows this. It sees AI as an economic game-changer, something that will “profoundly change human social life and the world”.
“By 2030, we shall make artificial intelligence theory, technology, and application at the world’s leading level,” the Chinese Government said in its top-level AI plan.”[China will] be the major artificial intelligence innovation Centre of the world.”AI in real life will directly be related to the Social media feeds, Smart phones, Voice recognition, Language translation, Facial recognition, Email filters, Defense systems like drones, Medical diagnoses, Fraud prevention in banking and Internet browsing.
China’s AI industry attracted 60 per cent of the world’s funding for AI between 2013 and 2018 and ranked first in the quantity and citation of research papers. Moreover, the world is yet to see the newly introduced technology and a wave of change by the Communist Party in China. Overall, China is on the road to a consistent growth in terms of a homogeneous society, strong and robust economy, increased use of technology in economic and infrastructure development both at micro and macro levels and more importantly political stability are the indicators of a highly progressive society as well as country.

xosotin chelseathông tin chuyển nhượngcâu lạc bộ bóng đá arsenalbóng đá atalantabundesligacầu thủ haalandUEFAevertonfutebol ao vivofutemaxmulticanaisonbetbóng đá world cupbóng đá inter milantin juventusbenzemala ligaclb leicester cityMUman citymessi lionelsalahnapolineymarpsgronaldoserie atottenhamvalenciaAS ROMALeverkusenac milanmbappenapolinewcastleaston villaliverpoolfa cupreal madridpremier leagueAjaxbao bong da247EPLbarcelonabournemouthaff cupasean footballbên lề sân cỏbáo bóng đá mớibóng đá cúp thế giớitin bóng đá ViệtUEFAbáo bóng đá việt namHuyền thoại bóng đágiải ngoại hạng anhSeagametap chi bong da the gioitin bong da lutrận đấu hôm nayviệt nam bóng đátin nong bong daBóng đá nữthể thao 7m24h bóng đábóng đá hôm naythe thao ngoai hang anhtin nhanh bóng đáphòng thay đồ bóng đábóng đá phủikèo nhà cái onbetbóng đá lu 2thông tin phòng thay đồthe thao vuaapp đánh lô đềdudoanxosoxổ số giải đặc biệthôm nay xổ sốkèo đẹp hôm nayketquaxosokq xskqxsmnsoi cầu ba miềnsoi cau thong kesxkt hôm naythế giới xổ sốxổ số 24hxo.soxoso3mienxo so ba mienxoso dac bietxosodientoanxổ số dự đoánvé số chiều xổxoso ket quaxosokienthietxoso kq hôm nayxoso ktxổ số megaxổ số mới nhất hôm nayxoso truc tiepxoso ViệtSX3MIENxs dự đoánxs mien bac hom nayxs miên namxsmientrungxsmn thu 7con số may mắn hôm nayKQXS 3 miền Bắc Trung Nam Nhanhdự đoán xổ số 3 miềndò vé sốdu doan xo so hom nayket qua xo xoket qua xo so.vntrúng thưởng xo sokq xoso trực tiếpket qua xskqxs 247số miền nams0x0 mienbacxosobamien hôm naysố đẹp hôm naysố đẹp trực tuyếnnuôi số đẹpxo so hom quaxoso ketquaxstruc tiep hom nayxổ số kiến thiết trực tiếpxổ số kq hôm nayso xo kq trực tuyenkết quả xổ số miền bắc trực tiếpxo so miền namxổ số miền nam trực tiếptrực tiếp xổ số hôm nayket wa xsKQ XOSOxoso onlinexo so truc tiep hom nayxsttso mien bac trong ngàyKQXS3Msố so mien bacdu doan xo so onlinedu doan cau loxổ số kenokqxs vnKQXOSOKQXS hôm naytrực tiếp kết quả xổ số ba miềncap lo dep nhat hom naysoi cầu chuẩn hôm nayso ket qua xo soXem kết quả xổ số nhanh nhấtSX3MIENXSMB chủ nhậtKQXSMNkết quả mở giải trực tuyếnGiờ vàng chốt số OnlineĐánh Đề Con Gìdò số miền namdò vé số hôm nayso mo so debach thủ lô đẹp nhất hôm naycầu đề hôm naykết quả xổ số kiến thiết toàn quốccau dep 88xsmb rong bach kimket qua xs 2023dự đoán xổ số hàng ngàyBạch thủ đề miền BắcSoi Cầu MB thần tàisoi cau vip 247soi cầu tốtsoi cầu miễn phísoi cau mb vipxsmb hom nayxs vietlottxsmn hôm naycầu lô đẹpthống kê lô kép xổ số miền Bắcquay thử xsmnxổ số thần tàiQuay thử XSMTxổ số chiều nayxo so mien nam hom nayweb đánh lô đề trực tuyến uy tínKQXS hôm nayxsmb ngày hôm nayXSMT chủ nhậtxổ số Power 6/55KQXS A trúng roycao thủ chốt sốbảng xổ số đặc biệtsoi cầu 247 vipsoi cầu wap 666Soi cầu miễn phí 888 VIPSoi Cau Chuan MBđộc thủ desố miền bắcthần tài cho sốKết quả xổ số thần tàiXem trực tiếp xổ sốXIN SỐ THẦN TÀI THỔ ĐỊACầu lô số đẹplô đẹp vip 24hsoi cầu miễn phí 888xổ số kiến thiết chiều nayXSMN thứ 7 hàng tuầnKết quả Xổ số Hồ Chí Minhnhà cái xổ số Việt NamXổ Số Đại PhátXổ số mới nhất Hôm Nayso xo mb hom nayxxmb88quay thu mbXo so Minh ChinhXS Minh Ngọc trực tiếp hôm nayXSMN 88XSTDxs than taixổ số UY TIN NHẤTxs vietlott 88SOI CẦU SIÊU CHUẨNSoiCauVietlô đẹp hôm nay vipket qua so xo hom naykqxsmb 30 ngàydự đoán xổ số 3 miềnSoi cầu 3 càng chuẩn xácbạch thủ lônuoi lo chuanbắt lô chuẩn theo ngàykq xo-solô 3 càngnuôi lô đề siêu vipcầu Lô Xiên XSMBđề về bao nhiêuSoi cầu x3xổ số kiến thiết ngày hôm nayquay thử xsmttruc tiep kết quả sxmntrực tiếp miền bắckết quả xổ số chấm vnbảng xs đặc biệt năm 2023soi cau xsmbxổ số hà nội hôm naysxmtxsmt hôm nayxs truc tiep mbketqua xo so onlinekqxs onlinexo số hôm nayXS3MTin xs hôm nayxsmn thu2XSMN hom nayxổ số miền bắc trực tiếp hôm naySO XOxsmbsxmn hôm nay188betlink188 xo sosoi cầu vip 88lô tô việtsoi lô việtXS247xs ba miềnchốt lô đẹp nhất hôm naychốt số xsmbCHƠI LÔ TÔsoi cau mn hom naychốt lô chuẩndu doan sxmtdự đoán xổ số onlinerồng bạch kim chốt 3 càng miễn phí hôm naythống kê lô gan miền bắcdàn đề lôCầu Kèo Đặc Biệtchốt cầu may mắnkết quả xổ số miền bắc hômSoi cầu vàng 777thẻ bài onlinedu doan mn 888soi cầu miền nam vipsoi cầu mt vipdàn de hôm nay7 cao thủ chốt sốsoi cau mien phi 7777 cao thủ chốt số nức tiếng3 càng miền bắcrồng bạch kim 777dàn de bất bạion newsddxsmn188betw88w88789bettf88sin88suvipsunwintf88five8812betsv88vn88Top 10 nhà cái uy tínsky88iwinlucky88nhacaisin88oxbetm88vn88w88789betiwinf8betrio66rio66lucky88oxbetvn88188bet789betMay-88five88one88sin88bk88xbetoxbetMU88188BETSV88RIO66ONBET88188betM88M88SV88Jun-68Jun-88one88iwinv9betw388OXBETw388w388onbetonbetonbetonbet88onbet88onbet88onbet88onbetonbetonbetonbetqh88mu88Nhà cái uy tínpog79vp777vp777vipbetvipbetuk88uk88typhu88typhu88tk88tk88sm66sm66me88me888live8live8livesm66me88win798livesm66me88win79pog79pog79vp777vp777uk88uk88tk88tk88luck8luck8kingbet86kingbet86k188k188hr99hr99123b8xbetvnvipbetsv66zbettaisunwin-vntyphu88vn138vwinvwinvi68ee881xbetrio66zbetvn138i9betvipfi88clubcf68onbet88ee88typhu88onbetonbetkhuyenmai12bet-moblie12betmoblietaimienphi247vi68clupcf68clupvipbeti9betqh88onb123onbefsoi cầunổ hũbắn cáđá gàđá gàgame bàicasinosoi cầuxóc đĩagame bàigiải mã giấc mơbầu cuaslot gamecasinonổ hủdàn đềBắn cácasinodàn đềnổ hũtài xỉuslot gamecasinobắn cáđá gàgame bàithể thaogame bàisoi cầukqsssoi cầucờ tướngbắn cágame bàixóc đĩaAG百家乐AG百家乐AG真人AG真人爱游戏华体会华体会im体育kok体育开云体育开云体育开云体育乐鱼体育乐鱼体育欧宝体育ob体育亚博体育亚博体育亚博体育亚博体育亚博体育亚博体育开云体育开云体育棋牌棋牌沙巴体育买球平台新葡京娱乐开云体育mu88qh88