China stresses the importance of making efforts to promote the development of the Chinese economy

Beijing, (ST) – Chinese President Xi Jinping stressed the importance of making efforts to promote the development of the Chinese economy, prepare promising plans, support the growth of the private sector and private enterprises, and stimulate innovative strength of various business entities.

During his participation in the work of the second session of the 14th National People’s Congress held in the capital, Beijing, Xi called for the development of new, high-quality productive forces, according to local conditions, and to focus on high-quality development as a top priority. He referred that it is necessary to prevent the reckless rush towards projects and the formation of artificial bubbles and avoid adopting only one mode of development.

During his meeting with legislators from Jiangsu Province, Xi expressed his approval of the government work report, praised the new progress achieved in the province’s economic and social development, and stressed turning this province into an important frontier for the development of new high-quality productive forces.

Xi also called for planning major moves to further deepen comprehensive reform to inject strong momentum into promoting high-quality development and Chinese-style modernization He said that it is necessary to accelerate the improvement of basic institutions in areas such as property rights protection, market access, fair competition, and social credit system in order to build a high-level socialist market economy system.

Yesterday, the second session of the 14th National People’s Congress opened in Beijing in the presence of many Chinese officials.

Raghda Sawas