国内英语资讯:Xi Focus: How will China shape its development strategy for new stage?_时事

国内英语资讯:Xi Focus: How will China shape its development strategy for new stage?

Experience has shown that conducting mid- to long-term planning would allow the market to play a decisive role in the allocation of resources, while allowing the government to play a better role, Xi said at the symposium.

"The 14th Five-Year Plan will be a critical plan, drawn up at a critical time," said Wang Changlin, president of the Academy of Macroeconomic Research of the National Development and Reform Commission, who attended the symposium.

China should be fully aware of both the increasingly complicated external environment and its distinctive advantages, staying strategically focused and preparing for a "protracted war," said Wang.

AN OPEN DUAL CIRCULATION

First introduced in May this year, the new development pattern known as "dual circulation", which takes the domestic market as the mainstay while letting domestic and foreign markets boost each other, has been placed high on the authorities' agenda.

Describing the new pattern as a "strategic choice," Xi said it is by no means a closed domestic loop, but an open dual circulation that involves both the domestic and foreign markets.

He also reaffirmed that opening-up is a fundamental national policy, noting that China will see its status continue to rise in the world economy, with closer ties, and the country will provide more extensive market opportunities for other countries.

Lu Ming, a professor with Shanghai Jiaotong University who was another speaker at the symposium, said Xi's remarks have sent a clear signal dispelling concerns that China will shift its focus from opening-up to the domestic market.