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Opinion | Under Xi Jinping, China’s development will power the global economy and strengthen world peace

  • China is charting a course to becoming a modern socialist nation, bringing hope to the world while promoting its vision of a community with a shared future for mankind
  • A delegation of foreign dignitaries and business leaders from Hong Kong will soon visit the Greater Bay Area to explore opportunities brought about by China’s new development paradigm

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President Xi Jinping makes a public pledge of allegiance to the constitution at the Great Hall of the People in Beijing on March 10. Xi was unanimously re-elected president and chairman of the Central Military Commission. Photo: Xinhua
China’s “two sessions”, the annual meetings of China’s legislature and top political advisory body, have successfully concluded. This carries special significance as it is the first such event since last October’s party congress.
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The 14th National People’s Congress elected a new state leadership in its first session. Xi Jinping was unanimously re-elected president and reappointed chairman of the Central Military Commission, which reflected the will of the whole party, the military and people of all ethnic groups.

This year’s two sessions attracted widespread attention as countries around the world expect China to inject more certainty into an increasingly uncertain world. Given the deep interdependence between China and the rest of the world, the nation’s development brings hope to all.

Here are three key takeaways from the two sessions. First, China’s high-quality development will power the global economy. In the face of the pandemic and many other uncertainties both at home and abroad, the Central Committee with Xi at the core charted a course for China’s high-quality development.
This is the primary task to ensure China becomes a modern socialist country. During this year’s two sessions, Xi underlined the importance of high-quality development on many occasions. This year’s government work report also put forward specific measures to coordinate policies and form a synergy for development.

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China's 'two sessions': Premier Li Keqiang emphasises achievements, economy in final work report

China's 'two sessions': Premier Li Keqiang emphasises achievements, economy in final work report
The report sets China’s GDP growth target at about 5 per cent, a goal that fits economic rules and the reality on the ground. It demonstrates to the world China’s determination to achieve high-quality development.
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