CHINA-ECONOMY: PEOPLE'S DAILY PUBLISHES ARTICLE BY CASS VICE PRESIDENT GAO PEIYONG EXPLAINING 'NEW DEVELOPMENT STAGE'

The People's Daily (December 30) published an article captioned 'Correctly understand and grasp the new development stage' by Gao Peiyong, Vice President of the Chinese Academy of Social Sciences (CASS). The article said it is necessary to "Correctly understand and grasp the strategic goal of achieving common prosperity" calling it "a very important prerequisite and basis for these major theoretical and practical issues" ... "and to correctly understand and grasp the new development stage." Gao Peiyong explained "The "newness" of the new development stage is reflected in the profound and complex changes that have taken place in the development environment. From an international perspective, the world today is undergoing major changes unseen in a century. Compared with the relatively stable environment in previous years, the current world situation is turbulent and complex; compared with the development reality of China's industries and developed countries that are more complementary to developed countries in previous years, the competition is now more competitive. Coupled with the intertwined effects of the world’s century-old changes and the epidemic in the century, the international environment has become increasingly complex, and uncertainties and instability have increased significantly. From a domestic perspective, our country is in a critical period of realizing the great rejuvenation of the Chinese nation." He said, "it is now significantly more difficult to grasp opportunities and identify risks and challenges" and "that the opportunities faced by the new development stage are more strategic and plastic, and the challenges faced are more complex and overall." He clarified that "the construction of a new development pattern is a systematic and deep-level change that concerns the overall situation. It is not limited to the economic field and stops at the economic system level. To achieve a benign interaction between high-quality development and high-level safety. This shows that the construction of a new development pattern reflects the strategic considerations of overall development and safety". Gao Peiyong observed that the Central Economic Work Conference had summarized the "four musts": "we must adhere to the centralized and unified leadership of the Party Central Committee, respond calmly to major challenges, and move forward in unison. It is necessary to adhere to high-quality development. It is the party's basic line to adhere to economic construction as the center. The whole party must concentrate on implementing it and promote the steady improvement of quality and reasonable growth of the economy. We must persist in seeking progress while maintaining stability, adjust policies and promote reforms to grasp the effectiveness of timeliness, and insist on standing first and then breaking through, and fighting steadily. We must strengthen overall coordination and adhere to the system concept."





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