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Plenary session of Central committee of CPC concludes, with China vowing to build powerful domestic market

2020-10-30 15 Dailymotion

이젠 '국내 대순환'…중국 40년만에 내부로 '중심 이동'<br /><br />Chinese top officials have agreed to speed up the country's dual circulation,... focusing on its domestic market as the mainstay.<br />Kim Hyo-sun has the details.<br />The fifth plenary session of the 19th Central Committee of the Communist Party of China came to an end on Thursday,... with Beijing's top officials vowing to build a more powerful domestic market.<br />According to the communique,... Beijing has set its goals for economic and social development in the 14th Five-Year Plan to be implemented from next year to 2025.<br />They include realizing healthy and continuous economic development, enhancing the country's response to public emergencies and enhancing progress on national defense and modernization of the country's army.<br />It also explains that the country will speed up its "dual circulation" during this period.<br />In short, it aims to take the domestic market as the mainstay while allowing domestic and foreign markets to boost one another.<br />The top officials agreed that internal circulation must be made smoother to ensure its dual circulation policy is also performed smoothly.<br />This is the first time in some four decades that the Chinese government has put a greater emphasis on domestic internal circulation,... as the country has been strengthening its connectivity with the rest of the world since 1978.<br />Accelerating scientific and technological innovation are also a major part of the plan.<br />Chinese President Xi Jinping highlighted during the meeting that Beijing should be more forward-looking and develop a new generation of high technology and strive to gain first-mover advantages.<br />The blueprint that has been mapped out as the country is faced with major challenges - strategic containment from the U.S. and the public health challenge posed by the COVID-19 pandemic - is deemed crucial in preparing China for the next five years ahead.<br />Kim Hyo-sun, Arirang News.<br />

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