The drive is part of a grand blueprint to build China into a great socialist country that is prosperous, strong, democratic, culturally advanced, harmonious and beautiful by the middle of the century.
Xi said the modernized economy should integrate all social and economic activities that are interrelated.
He outlined major systems that needed to be developed in an integrated manner.
An industrial system should be built with innovation playing a leading role and featuring coordinated development between the real economy, technological innovation, modern finance and human resources, Xi said.
A market system that is unified, open, competitive and well-ordered is needed, he said.
An efficient and fair income distribution system and a green development system that conserves resources and is environmentally friendly are also essential for a modernized economy, according to Xi.
Meanwhile, he demanded a system of coordinated urban-rural and regional development to help local regions develop their own strengths.
To develop an open economy of higher standards, Xi called for a diverse, balanced, secure and efficient system for opening up on all fronts.
He went on to stress giving full play to market forces and enhancing the role of the government so that the economy has more effective market mechanisms, dynamic micro-entities, and sound macro-regulation.
"The modernized economy we develop should draw on the useful practices of developed countries, but it should be more in line with China's own national conditions and feature Chinese characteristics," the general secretary said.
【国内英语资讯:China Focus: Xi stresses developing modernized economy】相关文章:
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