In the first year of the "14th Five-Year Plan", foreign media have predicted that the development of
China's growth story in the
next five years
will still be amazing (International Commentary)
As far as China is concerned, 2021 is a year of special significance.
2021 is the first year of the Fourteenth Five-Year Plan, and is the historical convergence period of the "two centenary" goals.
From this, China will start the first five years of the new journey of building a modern socialist country in an all-round way.
For the world, 2021 is an important window to understand China's direction in the next 5 years and beyond.
Standing at a new starting point, how will China move toward a new stage of development?
The global eye is eager.
"China is firmly on the right track of development"
In October 2020, the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China reviewed and approved the "Proposals of the Central Committee of the Communist Party of China on Formulating the Fourteenth Five-Year Plan for National Economic and Social Development and Long-Term Goals for 2035." China's economic and social development has provided a guide for action for a long time.
With the arrival of the first year of the "14th Five-Year Plan", foreign media have made positive predictions about China's economic prospects.
The British "Guardian" pointed out that in the spring of 2021, China will formulate the "14th Five-Year Plan" outline and set a new development agenda.
At present, although the new crown pneumonia epidemic affects many countries around the world, China has quickly emerged from the haze, economic rebound and social progress have been accelerating, and it has long been on the right track of development.
"No matter how many times you have heard about China's growth story, it still has amazing capabilities. In terms of scale and speed, China's performance is not the same as many countries." The Aksios News website quoted Columbia University. According to the historian Adam Toze.
The online article pointed out that China is the only major economy in the world to achieve economic growth rather than shrinking in 2020, and it is expected that China's economy will grow by about 8.4% in 2021.
The first issue of the 2021 Global Economic Outlook released by the World Bank a few days ago also predicts that China’s economy is expected to grow by 7.9% in 2021, and will drive the overall economic growth of emerging markets and developing economies by 5%.
The Russian "Newspaper" quoted professionals as saying that China is currently the driving force of the global economic recovery. Although there are constraints, under any circumstances, China will have surprising results in 2021.
Bloomberg noted that the Central Economic Work Conference held at the end of 2020 pointed out that the macro policy in 2021 should maintain continuity, stability and sustainability.
At the same time, policy operations must be more precise and effective, without making a sharp turn.
According to Reuters, 2021 is the first year of China's new five-year economic development plan. This five-year plan is essential to overcome the so-called "middle income trap."
According to reports, China's economy has steadily rebounded from the crisis of the new crown pneumonia epidemic.
Economists predict that China's easing policy implemented at the beginning of the epidemic will shrink in 2021.
"The first step in building a new development pattern"
The "14th Five-Year" plan proposes to build a new development pattern of "dual cycles", continue to implement high-level opening up, and open up new prospects for cooperation and win-win results.
In 2021, what attitude China will enter into a new stage of development will become a hot spot for foreign media.
The Greek scholar Haier believes that 2021 will be a solid first step for China to build a new development pattern. The new development pattern with China’s domestic cycle as the main body and the mutual promotion of domestic and international double cycles will help boost China’s domestic market demand. Promote industrial transformation and upgrading, and provide a strong impetus for China's economic development.
The French Radio Cultural Station reported that "dual cycle" has become a new theme of China's economy. Less reliance on exports, more technological independence, and a stronger domestic market are the main principles of China's "14th Five-Year Plan".
Although there are uncertainties in the external environment, China still has economic data that other G20 countries envy in 2020.
This gives China more confidence in the new year to focus on the development of the domestic market and achieve economic recovery around the domestic and international dual cycles.
"To reverse the slowdown in economic growth, deeper reforms are needed." Reuters quoted analysis as saying that the "14th Five-Year Plan" will continue to seek a balance between growth and reform.
China will develop towards a consumption-oriented, high value-added, green and sustainable growth direction to achieve economic balance.
Foreign scholar Umut Ergonsu pointed out that China's transformation from a low-income country to an upper-middle-income country has mainly benefited from continuous structural reforms.
The "14th Five-Year Plan" is a manifestation of the latest structural reforms.
The rapid growth in recent decades has made China more prosperous and has also allowed hundreds of millions of Chinese people to enjoy a higher standard of living.
The "14th Five-Year Plan" will further downplay the GDP growth target and pay more attention to green growth.
The International Monetary Fund recently issued a statement after concluding its Article 4 negotiations with China, approving the continued progress of China's structural reforms.
The statement stated that China's structural reforms will be the key to boosting potential growth, reducing external imbalances, and building a more resilient, greener and more inclusive economy.
"Independent and controllable become a new keyword"
The return device successfully returned to Earth with lunar samples, the Chinese quantum computing prototype "Nine Chapters" came out, the "Struggle" all-sea deep manned submersible completed the 10,000-meter sea trial and successfully returned to the sea, the Beidou system completed the global network deployment, China The 350-kilometer-per-hour high-speed freight sports car unit developed is officially off the assembly line... In 2020, China will hand over a brilliant scientific and technological innovation report card, which will make the international community look at China's technological progress with admiration.
Many foreign media believe that China's innovation leadership role will continue to increase in 2021, adding new momentum to high-quality development.
"Nihon Keizai Shimbun" pointed out that it can be seen from the "14th Five-Year Plan" proposal that China will accelerate its self-sufficiency in cutting-edge technology.
The newspaper reported that "independent and controllable" has become a new keyword.
In the new five-year plan, integrated circuits and artificial intelligence are placed at the strategic height of key scientific fields. China seeks to build a self-sufficient supply chain to defuse the impact of foreign sanctions.
"The meeting required to implement key core technology research and solve the'stuck neck' problem as soon as possible, showing that getting rid of core technology from being constrained by other countries is a major focus of China's economic work in the future." Unsurprisingly, the Economic Work Conference ranked "strengthening the national strategic scientific and technological strength" and "enhancing the independent controllability of the industrial chain supply chain" as the top two key tasks in 2021.
Bloomberg also pointed out that in 2021, China will take the strengthening of national strategic scientific and technological strength as a key task, enhance the independent controllability of the industrial chain and supply chain, and solve a number of "stuck neck" problems as soon as possible.
Brazil's "São Paulo State Daily" stated that China's vigorous implementation of innovation-driven development strategies and intellectual property strategies is conducive to supporting technological innovation and promoting market investment in new technologies.
The British "Financial Times" quoted analysis as saying that China has been attaching importance to independent technological innovation for decades and will pay more attention to the progress of local technology in the next five years starting from 2021.
Reuters also quoted related reports as saying that for China, independent technological innovation has become more important than ever.
In the next five years, China is expected to provide more support for basic research, cutting-edge research and advanced technology, strengthen intellectual property protection, and encourage more technological innovation.