Hold High the Great Banner of Socialism

Hold High the Great Banner of Socialism

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

Full Text Report to the 20th National Congress of the Communist Party of China
October 16, 2022
Xi Jinping

PART-III

It is the modernization of material and cultural-ethical advancement. Material abundance and cultural-ethical enrichment are fundamental goals of socialist modernization. Material want is not socialism, nor is cultural impoverishment. While continuing to consolidate the material foundation for modernization and improve the material conditions for people’s wellbeing, we will strive to develop advanced socialist culture, foster strong ideals and convictions, and carry forward China’s cultural heritage. We will thus promote all-around material abundance as well as people’s well-rounded development.

-It is the modernization of harmony between humanity and nature. Humanity and nature make up a community of life. If we extract from nature without limit or inflict damage on it, we are bound to face its retaliation. China is committed to sustainable development and to the principles of prioritizing resource conservation and environmental protection and letting nature restore itself. We will protect nature and the environment as we do our own lives. We will continue to pursue a model of sound development featuring improved production, higher living standards, and healthy ecosystems to ensure the sustainable development of the Chinese nation.

-It is the modernization of peaceful development. In pursuing modernization, China will not tread the old path of war, colonization, and plunder taken by some countries. That brutal and blood-stained path of enrichment at the expense of others caused great suffering for the people of developing countries. We will stand firmly on the right side of history and on the side of human progress. Dedicated to peace, development, cooperation, and mutual benefit, we will strive to safeguard world peace and development as we pursue our own development, and we will make greater contributions to world peace and development through our own development.

The essential requirements of Chinese modernization are as follows: upholding the leadership of the Communist Party of China and socialism with Chinese characteristics, pursuing high-quality development, developing whole-process people’s democracy, enriching the people’s cultural lives, achieving common prosperity for all, promoting harmony between humanity and nature, building a human community with a shared future, and creating a new form of human advancement.

To build China into a great modern socialist country in all respects, we have adopted a two-step strategic plan:
nBasically realize socialist modernization from 2020 through 2035
nBuild China into a great modern socialist country that is prosperous, strong, democratic, culturally advanced, harmonious, and beautiful from 2035 through the middle of this century
China’s overall development objectives for the year 2035 are as follows:

nSignificantly increase economic strength, scientific and technological capabilities, and composite national strength; substantially grow the per capita GDP to be on par with that of a mid-level developed country
nJoin the ranks of the world’s most innovative countries, with great self-reliance and strength in science and technology
nBuild a modernized economy; form a new pattern of development; basically achieve new industrialization, informatization, urbanization, and agricultural modernization
nBasically modernize the system and capacity for governance; improve the system for whole-process people’s democracy; build a law-based country, government, and society
nBecome a leading country in education, science and technology, talent, culture, sports, and health; significantly enhance national soft power
nEnsure that the people are leading better and happier lives; bring per capita disposable income to new heights; substantially grow the middle-income group as a share of the total population; guarantee equitable access to basic public services; ensure modern standards of living in rural areas; achieve long-term social stability; make more notable and substantive progress in promoting the people’s well-rounded development and prosperity for all
nBroadly establish eco-friendly ways of work and life; steadily lower carbon emissions after reaching a peak; fundamentally improve the environment; largely accomplish the goal of building a Beautiful China
nComprehensively strengthen the national security system and national security capabilities; achieve basic modernization of national defense and the armed forces.

After basically realizing modernization, we will continue to work hard and build China into a great modern socialist country that leads the world in terms of composite national strength and international influence by the middle of the century.
The next five years will be crucial for getting our efforts to build a modern socialist country in all respects off to a good start. Our main objectives and tasks for this period are as follows:

nMake breakthroughs in promoting high-quality economic development; achieve greater self-reliance and strength in science and technology; make major progress in creating a new pattern of development and building a modernized economy
nMake new strides in reform and opening up; make further progress in modernizing China’s system and capacity for governance; further improve the socialist market economy; put in place new systems for a higher-standard open economy
nFurther enhance the institutions, standards, and procedures of whole-process people’s democracy; improve the system of socialist rule of law with Chinese characteristics
nEnrich the intellectual and cultural lives of our people; enhance the cohesion of the Chinese nation and the appeal of Chinese culture
nEnsure personal income grows basically in step with economic growth and pay rises in tandem with increases in productivity; ensure much more equitable access to basic public services; develop a better multi-tiered social security system
nSubstantially improve urban and rural living environments; make notable progress in building a Beautiful China
nFurther consolidate national security; fulfill the goals for the centenary of the People’s Liberation Army in 2027; make solid progress in building a Peaceful China
nFurther increase China’s international standing and influence; enable China to play a greater role in global governance
Building a modern socialist country in all respects is a great and arduous endeavor. Our future is bright, but we still have a long way to go. At present, momentous changes of a like not seen in a century are accelerating across the world.

A new round of scientific and technological revolution and industrial transformation is well under way, and a significant shift is taking place in the international balance of power, presenting China with new strategic opportunities in pursuing development. At the same time, however, the once-in-a-century pandemic has had far-reaching effects; a backlash against globalization is rising; and unilateralism and protectionism are mounting. The global economic recovery is sluggish, regional conflicts and disturbances are frequent, and global issues are becoming more acute. The world has entered a new period of turbulence and change.

At home, we face many deep-seated problems regarding reform, development, and stability that cannot be avoided or bypassed. In our efforts to strengthen the Party, and especially to improve conduct, build integrity, and combat corruption, we are confronted with many stubborn and recurrent problems. External attempts to suppress and contain China may escalate at any time.

Our country has entered a period of development in which strategic opportunities, risks, and challenges are concurrent and uncertainties and unforeseen factors are rising. Various “black swan” and “gray rhino” events may occur at any time. We must therefore be more mindful of potential dangers, be prepared to deal with worst-case scenarios, and be ready to withstand high winds, choppy waters, and even dangerous storms. On the journey ahead, we must firmly adhere to the following major principles.

-Upholding and strengthening the Party’s overall leadership. We must resolutely uphold the Party Central Committee’s authority and its centralized, unified leadership and see that Party leadership is exercised in all aspects and every stage of the endeavors of the Party and the country. This will ensure that our Party always remains the pillar that the Chinese people can lean on in times of difficulty, that our socialist modernization advances along the right path, and that we have the political cohesion and confidence in our development to inspire the people to strive in unity. It will see us forming a mighty force to overcome all difficulties with one heart and one mind.

-Following the path of socialism with Chinese characteristics. We must continue to pursue economic development as our central task, uphold the Four Cardinal Principles, remain committed to reform and opening up, and stay independent and self-reliant. We must keep to our path and not sway in our commitment. We must not return to the isolation and rigidity of the past, or veer off course by changing our nature or abandoning our system. We must develop our country and our nation with our own strength, and we must maintain a firm grasp on the future of China’s development and progress.

-Applying a people-centered development philosophy. We must protect the people’s fundamental interests, improve their wellbeing, and work tirelessly to ensure that development is for the people and by the people and that its fruits are shared by the people. We must do a better job of seeing that the gains of modernization benefit all our people fairly.

-Remaining committed to deepening reform and opening up. We must intensify efforts to advance reform and explore new ground, and we must remain steadfast in expanding opening up. We must work hard to remove deep-seated institutional barriers so as to fully tap into the strengths of socialism with Chinese characteristics and continuously imbue our socialist modernization endeavors with fresh dynamism and vitality. We must do better in translating our country’s institutional strengths into effective governance.

-Carrying forward our fighting spirit. We must foster a firmer sense of purpose, fortitude, and self-belief in the whole Party and the Chinese people so that we cannot be swayed by fallacies, deterred by intimidation, or cowed by pressure. We must meet obstacles and difficulties head on, ensure both development and security, and dig deep to surmount the difficulties and challenges on the road ahead. Let us harness our indomitable fighting spirit to open up new horizons for our cause.

Comrades,
Today, we are closer, more confident, and more capable than ever of reaching the goal of rejuvenating the Chinese nation. At the same time, we must be prepared to work even harder to get there. All of us in the Party must forge ahead with confidence and determination; proactively identify, respond to, and steer changes and prevent and defuse risks; and keep on striving to secure new successes in building a modern socialist China in all respects.

IV. Accelerating the Creation of a New Development Pattern and Pursuing High-Quality Development

To build a modern socialist country in all respects, we must, first and foremost, pursue high-quality development. Development is our Party’s top priority in governing and rejuvenating China, for without solid material and technological foundations, we cannot hope to build a great modern socialist country in all respects. We must fully and faithfully apply the new development philosophy on all fronts, continue reforms to develop the socialist market economy, promote high-standard opening up, and accelerate efforts to foster a new pattern of development that is focused on the domestic economy and features positive interplay between domestic and international economic flows.

Pursuing high-quality development as our overarching task, we will make sure that our implementation of the strategy to expand domestic demand is integrated with our efforts to deepen supply-side structural reform; we will boost the dynamism and reliability of the domestic economy while engaging at a higher level in the global economy; and we will move faster to build a modernized economy. We will raise total factor productivity, make China’s industrial and supply chains more resilient and secure, and promote integrated urban-rural development and coordinated regional development, so as to effectively upgrade and appropriately expand China’s economic output.

1. Building a high-standard socialist market economy
We must uphold and improve China’s basic socialist economic systems. We must unswervingly consolidate and develop the public sector and unswervingly encourage, support, and guide the development of the non-public sector. We will work to see that the market plays the decisive role in resource allocation and that the government better plays its role.

We will deepen reform of state-owned capital and state-owned enterprises (SOEs); accelerate efforts to improve the layout of the state-owned sector and adjust its structure; work to see state-owned capital and enterprises get stronger, do better, and grow bigger; and enhance the core competitiveness of SOEs.

We will provide an enabling environment for private enterprises, protect their property rights and the rights and interests of entrepreneurs in accordance with the law, and facilitate the growth of the private sector. We will improve the modern corporate system with distinctive Chinese features, encourage entrepreneurship, and move faster to help Chinese companies become world-class outfits. We will support the development of micro, small, and medium enterprises.

We will intensify reforms to streamline government administration, delegate power, improve regulation, and upgrade services. We will build a unified national market, advance reforms for the market-based allocation of production factors, and put in place a high-standard market system. We will refine the systems underpinning the market economy, such as those for property rights protection, market access, fair competition, and social credit, in order to improve the business environment.

We will improve the system of macroeconomic governance, give full play to the strategic guidance of national development plans, and enhance coordination between fiscal and monetary policies. We will work to expand domestic demand and better leverage the fundamental role of consumption in stimulating economic growth and the key role of investment in improving the supply structure. We will improve the modern budget system, optimize the tax structure, and improve the system of transfer payments.

We will deepen structural reform in the financial sector, modernize the central bank system, and strengthen and refine modern financial regulation. We will reinforce the systems that safeguard financial stability, place all types of financial activities under regulation according to the law, and ensure no systemic risks arise.

We will improve the functions of the capital market and increase the proportion of direct financing. We will take stronger action against monopolies and unfair competition, break local protectionism and administrative monopolies, and conduct law-based regulation and guidance to promote the healthy development of capital.

2. Modernizing the industrial system
In pursuing economic growth, we must continue to focus on the real economy. We will advance new industrialization and move faster to boost China’s strength in manufacturing, product quality, aerospace, transportation, cyberspace, and digital development. We will carry out industrial foundation reengineering projects and research projects on major technologies and equipment; support enterprises that use special and sophisticated technologies to produce novel and unique products; and move the manufacturing sector toward higher-end, smarter, and greener production.

We will consolidate our leading position in industries where we excel, work faster to shore up weaknesses in sectors vital to China’s development security, and improve our capacity for securing the supply of strategic resources. We will promote the integrated and clustered development of strategic emerging industries and cultivate new growth engines such as next-generation information technology, artificial intelligence, biotechnology, new energy, new materials, high-end equipment, and green industry.

We will build a new system of efficient and high-quality services and promote further integration of modern services with advanced manufacturing and modern agriculture. We will accelerate development of the Internet of Things and build an efficient and smooth logistics system to help cut distribution costs.

We will accelerate the development of the digital economy, further integrate it with the real economy, and build internationally competitive digital industry clusters. We will build a modern infrastructure system with a better layout and structure, more effective functions, and greater system integration.

3. Advancing rural revitalization across the board
The most challenging and arduous tasks we face in building a modern socialist China in all respects remain in our rural areas. We will continue to put agricultural and rural development first, pursue integrated development of urban and rural areas, and facilitate the flows of production factors between them. We will move faster to build up China’s strength in agriculture and steadily promote the revitalization of businesses, talent, culture, ecosystems, and organizations in the countryside.

We must reinforce the foundations for food security on all fronts. We will ensure that both Party committees and governments assume responsibility for ensuring food security and that China’s total area of farmland does not fall below the redline of 120 million hectares. We will work to gradually develop all permanent basic cropland into high-standard cropland. We will invigorate the seed industry, support the development of agricultural science, technology, and equipment, and refine the mechanisms for ensuring the incomes of grain growers and for compensating major grain-producing areas. With these efforts, we will ensure that China’s food supply remains firmly in its own hands.

We will adopt an all-encompassing approach to food, develop protected agriculture, and build a diversified food supply system. We will foster rural industries with local features to create more channels for increasing rural incomes. We will consolidate and expand our achievements in poverty alleviation and help areas and people that have just shaken off poverty build their own momentum for growth. We will develop infrastructure and public services in rural areas in a well-planned and coordinated way and build a beautiful and harmonious countryside that is desirable to live and work in.

We will consolidate and improve the basic rural operation system, develop new rural collective economies, cultivate new types of agribusiness and commercial agricultural services, and support appropriately scaled agricultural operations. We will advance reform of the rural land system and grant farmers more adequate property rights and interests. We will safeguard the lawful land rights and interests of rural residents who have moved to urban areas and obtained permanent residency, and we will encourage law-based, voluntary, and paid transfers of such rights and interests. We will improve the systems for supporting and protecting agriculture and the rural financial services system.

4?Promoting coordinated regional development
We will thoroughly implement the coordinated regional development strategy, major regional strategies, the functional zoning strategy, and the new urbanization strategy. We will improve the distribution of the major productive forces and develop a regional economic layout and a territorial space system that complement each other’s strengths and promote high-quality development.

We will make further progress in the large-scale development of the western region, achieve new breakthroughs in the full revitalization of the Northeast, accelerate the rise of the central region, and encourage the eastern region to modernize more quickly.

We will support old revolutionary base areas and areas with large ethnic minority populations in speeding up development. We will promote development in border areas to boost local economies, raise local living standards, and ensure local stability.

We will promote coordinated development in the Beijing-Tianjin-Hebei region, the development of the Yangtze Economic Belt, the integrated development of the Yangtze River Delta, and ecological conservation and high-quality development in the Yellow River basin. We will build the Xiongan New Area to a high standard and drive forward the development of the Chengdu-Chongqing economic zone.

We will improve the functional zoning system and the development of territorial space. We will advance people-centered new urbanization and work faster to grant permanent urban residency to eligible people who move from rural to urban areas.

We will leverage the role of city clusters and metropolitan areas to promote coordinated development of large, medium, and small cities and push forward with urbanization that is centered on county seats. Guided by the principle that cities should be built by the people and for the people, we will improve urban planning, construction, and governance and move faster to change the development models of super-large and mega cities. We will carry out urban renewal projects and improve urban infrastructure to build livable, resilient, and smart cities.

We will develop the marine economy, protect the marine ecological environment, and step up efforts to build China into a strong maritime country.

5. Promoting high-standard opening up
We will leverage the strengths of China’s enormous market, attract global resources and production factors with our strong domestic economy, and amplify the interplay between domestic and international markets and resources. This will position us to improve the level and quality of trade and investment cooperation.

We will steadily expand institutional opening up with regard to rules, regulations, management, and standards. We will upgrade trade in goods, develop new mechanisms for trade in services, and promote digital trade, in order to accelerate China’s transformation into a trader of quality.

We will make appropriate reductions to the negative list for foreign investment, protect the rights and interests of foreign investors in accordance with the law, and foster a world-class business environment that is market-oriented, law-based, and internationalized. We will promote the high-quality development of the Belt and Road Initiative.

We will better plan regional opening up, consolidate the leading position of eastern coastal areas in opening up, and more widely open the central, western, and northeastern regions. We will accelerate the construction of the New International Land-Sea Trade Corridor in the western region. We will work faster to develop the Hainan Free Trade Port, upgrade pilot free trade zones, and expand the globally-oriented network of high-standard free trade areas.

We will promote the internationalization of the RMB in an orderly way, deeply involve ourselves in the global industrial division of labor and cooperation, and endeavor to preserve the diversity and stability of the international economic landscape and economic and trade relations.

V. Invigorating China through Science and Education and Developing a Strong Workforce for the Modernization Drive

Education, science and technology, and human resources are-Xinhua
(To be Continued)