Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. [Photo by Wang Gang/For China Daily]
The third plenary session of the 20th Central Committee of the Communist Party of China has unveiled a strategic road map to deepen reform and advance modernization, which will further boost China’s socioeconomic development and improve its people’s lives, overseas analysts said.
The third plenum concluded on Thursday, with a communique issued to announce the adoption of a resolution on further deepening reform comprehensively to advance Chinese modernization.
Michael Dunford, emeritus professor at the University of Sussex in the United Kingdom, said the key meeting was “striking in its extraordinary comprehensiveness and scope of the reform agenda, affecting every aspect of Chinese society”.
New quality productive forces have the potential to transform many aspects of life, contribute to China’s economic, political, cultural, social and ecological advancements, and drive the growth in productivity, Dunford said, adding that these are “key to improved living standards and an improved quality of life”.
Jasna Plevnik, president of the Croatian think tank Geoeconomic Forum, said the third plenum has set the stage for China to enter an era of high-quality development faster, with the support of new and long-term comprehensive economic reforms.
The communique sends clear, firm and encouraging messages that the country is continuing with peaceful Chinese modernization, a socialist market economic system and economic globalization, she said.
According to Linda Tjia Yin Nor, an associate professor in the Department of Public and International Affairs at City University of Hong Kong, the promotion of new quality productive forces by the plenum resolution is not only about developing high-end technology, but also about strengthening innovation.
Innovation doesn’t necessarily mean using state-of-the-art technology, but could also mean the smart application of existing technologies, Tjia said, noting that China is focusing on how technology can be used to benefit a greater number of people.
Shakeel Ahmad Ramay, CEO of the Asian Institute of Eco-civilization Research and Development in Pakistan, said the plenum resolution shows that China is launching a comprehensive governance modernization program.
China has made great efforts to strengthen and advance whole-process people’s democracy, he said, adding that Chinese democracy ensures inclusiveness, continuity of interaction among the Party, the government and the people, and rules-based governance.
Dennis Munene, executive director of the China-Africa Center at the Africa Policy Institute in Kenya, said the key meeting underscored that China is a country governed by high-quality vision and values, and that China aims to build itself into a modern socialist country in all respects.
Wang Xiaodong in Nairobi and Xu Weiwei and Prime Sarmiento in Hong Kong contributed to this story.