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Ideological Monument Benefiting the World and People in the New Era

Submit Time:11-04-2018 | Zoom In | Zoom Out

Author:Ma Jiantang | Source:People’s Daily (March 22, 2018)

Abstract:

After the Eighteenth National Congress of the Communist Party of China, Comrade Xi Jinping, with the penetrating insight, keen judgment and strong sense of historical mission of a Marxist politician and theorist, fundamentally answered major questions such as how to judge the Chinese economy and how to do economic work in the new era and formed the economic aspect of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era with the new vision for development as the main content. This economic thought based on the national conditions, putting the world into perspective and leading the future is the latest achievement of socialist political economics with Chinese characteristics, a profound summery of the practical experience of China’s economic development in the new era, especially after the beginning of reform and opening up, and a fundamental guideline for doing economic work in the new era sparkling with the truth of Marxism and offering Chinese wisdom and a Chinese approach to solving the problems facing mankind. 

Sticking to and Strengthening the Party’s Centralized and Unified Leadership in Economic Work 

After the Eighteenth National Congress of the Communist Party of China, the CPC Central Committee with Comrade Xi Jinping as the core followed the general trend, made overall plans, took effective measures to address real issues, upheld the underlying principle of pursuing progress while ensuring stability and successfully controlled the overall situation of China’s economic development. China’s economic strength has reached a new level, and the cause of socialist modernization is developing in the right direction with success. The fundamental reason for these achievements is the CPC Central Committee’s unified leadership in economic work and the scientific guidance of the economic aspect of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. 

We must strengthen our consciousness of the need to maintain political integrity, think in big-picture terms, follow the leadership core, and keep in alignment. The defining feature of socialism with Chinese characteristics is the leadership of the Communist Party of China; the greatest strength of the system of socialism with Chinese characteristics is the leadership of the Communist Party of China. Our Party is a governing party, and economic work is the core of the Party’s governance. Our Party is duty-bound to do a good job in economic work, and the CPC Central Committee must assume total responsibility and implement all-round leadership for economic work. Strengthening the Party’s unified leadership in economic work is conducive to pooling the wisdom of the masses, reaching consensus, mobilizing various parties and creating a synergy. At the 2017 Central Economic Work Conference, Comrade Xi Jinping emphasized that we should strengthen the Party’s centralized and unified leadership in economic work and make sure that the Chinese economy develop in the right direction. In the face of the new era, new tasks, new opportunities and new challenges, we should maintain political integrity, think in terms of the big picture, follow the leadership core and keep in alignment with the central Party leadership, work harder to uphold the authority and centralized and unified leadership of the Central Committee, stick to taking the economic aspect of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as a guide for economic work, stick to strengthening the Party’s unified leadership in economic work and fully improve the Party’s ability and level of leadership in economic work in order to secure a decisive victory in building a moderately prosperous society in all respects and follow the trend to embark on a new journey toward fully building a modern socialist country. 

Continuing Commitment to Our People-centered Philosophy of Development 

“Basic to administration is the principle that it should comply with the people’s wishes, enrich the people’s livelihood and comfort and not trouble the people.” The wellbeing of the people is always Comrade Xi Jinping’s major concern. Development for the people and relying on the people with the fruits shared by the people is a “red line” running throughout the economic aspect of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. Comrade Xi Jinping points out that to lead the people to a better life is our Party’s abiding goal. We must put the people’s interests above all else, see that the gains of reform and development benefit all our people in a fair way, and strive to achieve shared prosperity for everyone. “Rural living standards are the measure of success in our drive toward moderate prosperity in China.” “We should promote residents’ income growth in sync with economic growth.” “Lucid waters and lush mountains are invaluable assets.” “We should see that the people breathe fresh air, drink clean water, eat safe food and live in pleasant environment.” “We should take the people’s health as a strategic priority in development.” These important instructions of Comrade Xi Jinping have deeply rooted among the people and become important guidelines for economic and social development. 

The people-centered philosophy of development fully reflecting the materialistic view of history that people are the fundamental driving force behind development, inheriting and developing the Marxist thought about people’s free and full development and keeping China’s fine traditional culture alive and strong manifests the essential requirement for socialism with Chinese characteristics. After the Eighteenth National Congress of the Communist Party of China, our Party implemented the people-centered philosophy of development in depth, a whole raft of initiatives to benefit the people was seen implementation, urban and rural residents’ income kept growing, historic achievements were made in the fight against poverty, people-centered new urbanization was pushed forward smoothly, notable progress was made in ecological and environmental governance, and hundreds of millions of people as masters of the country shared the fruits of reform and development more fairly. At present, socialism with Chinese characteristics has entered a new era. We should implement the people-centered philosophy of development to ensure coordinated implementation of the five-sphere integrated plan and the four-pronged comprehensive strategy, always regard as our goal the people’s aspirations to live a better life, ensure people’s basic quality of life, and keep up with people’s ever-growing needs for a better life. We will continue to promote social fairness and justice, develop effective social governance, and maintain public order. With this we should see that our people will always have a strong sense of fulfillment, happiness, and security. 

Basing Ourselves on the Overall Situation and Grasping the Laws Governing Economic and Social Development 

To do a good job in economic work, we should first of all correctly judge the stage of development and accurately grasp the laws governing development. After the Eighteenth National Congress of the Communist Party of China, Comrade Xi Jinping accurately grasped the laws governing China’s economic and social development, sharply perceived the trend of evolution in the stage of economic development and operation, and made the important judgment that China has entered a new normal in economic development. Comrade Xi Jinping points out that now China’s economic development shows the three characteristics of changing speed, improving structure and shifting momentum. Adapting to, grasping and leading the new normal is the great logic for China’s current and future economic development. We should adapt to and grasp the characteristics of the trend in the new normal of China’s economic development, completely abandon the idea of realizing high-speed growth again with old logic of thought, modes and methods, strive for innovation, progress and breakthroughs in change and blaze out a new path of development featuring higher quality, better efficiency, improved structure and full release of advantages. 

The major judgment that China has entered a new normal in economic development provides a scientific answer about the stage of and historic juncture in China’s economic development, reveals the objective laws governing economic operation in the new stage, and plays an important role in scientifically coping with the international financial crisis, withstanding the downward pressure on the economy and ensuring that economic operation remain in a rational range. On this basis, the 2017 Central Economic Work Conference made an important judgment: “Socialism with Chinese characteristics has entered a new era, and China’s economic development has also entered a new era. The basic characteristic is that China’s economy has been transitioning from a phase of rapid growth to a stage of high-quality development.” This judgment further deepens our understanding of the laws governing economic and social development and makes it clear that promoting high-quality development is a basic requirement for determining thoughts of development, formulating economic policies and implementing macro-regulation now and in the future. 

Guiding High-quality Development with the New Vision for Development 

Visions are precursors of action. After the Eighteenth National Congress of the Communist Party of China, the CPC Central Committee with Comrade Xi Jinping as the core put forward the new vision of innovative, coordinated, green and open development for everyone, raising our Party’s theory about development to a new height. This vision for development in five mutually connected and promoting aspects is an organic whole. Among them, innovation solves the problem of driving forces behind development, coordination solves the problem of unbalanced development, green solves the problem of harmony between man and nature, openness solves the problem of interaction between the inside and outside, and sharing solves the problem of social fairness and justice. The shift from adapting to, grasping and leading the new normal of economic development to leading high-quality development epitomizes the new idea of the CPC Central Committee with Comrade Xi Jinping as the core about the laws governing economic and social development. 

The new vision for development is an important part of the economic aspect of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, a strategic guide and basic principle for promoting high-quality development and a voice produced by China on the global stage of development. High-quality development is development capable of meeting the people’s increasing needs for a better life, development reflecting the new vision for development, and development with innovation as the primary driving force, coordination as the internal characteristic, green as the general form, openness as the only way and sharing as the fundamental goal. Promoting high-quality development will certainly propel China to successfully overcome the “middle-income trap”, get closer to the center of the world stage and greatly enrich Chinese elements in the world’s treasure house of thoughts on development. 

Pursuing Supply-side Structural Reform as the Main Task for Economic Work 

Once the key link is grasped, everything falls into place. Grasping the principal contradiction and the principal aspect of contradiction is an important methodology of Marxist material dialectics. In the new era, the old problems existing under the original mode of development and the new problems emerging in the new stage are intermingled. Simply relying on the “three drivers” on the demand side cannot effectively solve the problem of driving forces behind development, to say nothing of the problem of the quality of development. Supply-side efforts are urgently needed to solve the problem of the mismatch between supply and demand and major structural imbalance. Comrade Xi Jinping points out: The ultimate goal of supply-side structural reform is to meet demand, the main direction is to improve the quality of supply and the fundamental path is to deepen reform; we must take improvement of the supply-side structure as the main direction, proceed from the side of production, improve the quality and efficiency of the supply system, expand effective and mid- and high-end supply, enhance the supply-side structure’s adaptiveness to changes in demand and promote China’s economic development towards the direction of higher quality, better efficiency, more fairness and greater sustainability. 

Supply-side structural reform is a good way to solve many difficult problems for the Chinese economy, the key to forming a high-quality, efficient and diversified supply system in China and a systematic design integrating structural optimization, reform and innovation. It can be said that the transition from “simultaneously dealing with the slowdown in economic growth, making difficult structural adjustments, and absorbing the effects of previous economic stimulus policies” to the “new normal” and supply-side structural reform is a course of exploring practice and deepening understanding, not only solving the problem of how to judge the economic situation, but also pointing out what to do. In recent years, we pursued supply-side structural reform as the main task, strived to cut overcapacity, reduce excess inventory, deleverage, lower costs and strengthen areas of weakness, made efforts to revitalize the real economy, implemented the quality strategy in depth, promoted innovation-driven development, enhanced the vitality, control and influence of the state-owned sector of the economy, stimulated the vitality and creativity of the non-public sector of the economy, and gave strong impetus to economic development. At present, we should pursue supply-side structural reform as the main task, develop a modernized economy, promote evolution of the Chinese economy towards the stage of higher forms, better division of work and more rational structure and promote constant new progress in high-quality development. 

Maintaining Strategic Resolve and Thinking about Worst-case Scenarios 

The ability to think about worst-case scenarios is the ability to set the minimum goal according to the objective reality and strive for the maximum expectation based on the lowest point. At present, China is in the stage of overcoming the “middle-income trap” and becoming a high-income country, economic, political, cultural, social, ecological and military risks are intermingled, and the contradictions and problems facing China are acute and complicated. Comrade Xi Jinping has emphasized many times: “We should be good at using the ‘worst-case scenario’ method, prepare for the worst and strive for the best result. Only in this way can we ensure security and peace of mind and have the upper hand when anything unexpected happens.” Facts prove that only by anticipating the worst result of things’ development and preparing for the worst can we defend the bottom line and strive for the best result. In maintaining strategic resolve and thinking about worst-case scenarios, we must place risk prevention in a prominent position and be prepared for the worst before it happens, so as to ensure that we can prevent the occurrence of major risks or survive any major risk that might occur. 

Preventing and defusing major risks is one of the three fights mentioned at the Nineteenth National Congress of the Communist Party of China, an important guarantee for China’s sustained and healthy economic development, a prerequisite to achieving the two centenary goals and national rejuvenation and a creative use of worst-case scenarios. The key to preventing and defusing major economic risks is to resolutely defend the bottom line that no systematic risk will occur. Comrade Xi Jinping attaches great importance to economic and financial security, thinks maintaining financial security is a strategic and fundamental matter bearing on the overall situation of China’s economic and social development, and emphasizes “financial stability leads to economic stability”. Financial security is critically important to preventing economic risks. After the Eighteenth National Congress of the Communist Party of China, we thought about worst-case scenarios, placed risk prevention in a more prominent position, properly coped with risks such as “liquidity crises” and abnormal fluctuations on the foreign exchange market and the stock market, timely handled major financial cases and maintained national economic security. In the new era, as long as we follow Comrade Xi Jinping’s requirements, strengthen the top-level design for risk prevention and properly handle the relationship between symptoms and root causes and the relationship between the world and China, we can certainly defend the bottom line that no systematic risk will occur and see that our country enjoys enduring peace and stability and our people live and work in contentment.


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