BEIJING, February 27 (INP):  Upcoming two sessions, the biggest annual event in China's political calendar to be held from 4th March in the backdrop of regional and international challenges, will offer significant clues about China’ second centennial goals, economic outlook, development blueprints and global vision in 2024. Two sessions of the National People's Congress (NPC), the national legislature, and the Chinese People's Political Consultative Conference (CPPCC), the top political advisory body, is occurring at the time when China is marching on the second centenary goal of building a modern socialist country that is prosperous, strong, democratic, culturally advanced and harmonious by 2049. China has already accomplished its first centenary goal of building xiaokang - a moderately prosperous society in all respects by 2021. 

According to Gwadar Pro, two sessions will allow the world to fathom how China has drawn up a two-stage development plan for the period from 2020 to the middle of this century. In the first stage from 2020 to 2035, China will build on the foundation created by the moderately prosperous society with a further 15 years of hard work to see that socialist modernization is basically realized," and "In the second stage from 2035 to the middle of the 21st century, China will, building on having basically achieved modernization, work hard for a further 15 years and develop China into a great modern socialist country that is prosperous, strong, democratic, culturally advanced, harmonious and beautiful.

Two sessions are descending at a moment when China’s 14th Five-Year plan (2021-2025), officially endorsed by the National People’s Congress (NPC) on 11 March 2021, entered into its 4th years with landmark achievements. Through the window of NPC and CPPCC meetings, world will be abreast of core connotation of 14th Five-Year plan and its philosophy of "dual-circulation, innovation and green growth."  It says policies should help unleash the full potential of the domestic market, facilitating firms to provide higher-quality goods and services to better stimulate domestic demand.  And at the same time, Beijing promised greater access to foreign investors and encouraged Chinese companies to trade more with the outside world. 

Beijing wants this round of opening-up "to be on a greater scale, across more sectors and on a deeper level." With tenacious focus on “Two sessions”, international community will be charged up to know about China's manufacturing industry as world's biggest industry in terms of scale for the 14th consecutive year with several sectors such as auto and shipbuilding ranking top in the world, offering more evidence of China's solid economic performance despite various challenges. Beyond its sheer size, the Chinese manufacturing industry has also seen several milestones in 2023, with the rise of the new-energy vehicles (NEVs) and commercial operation of China's first domestically built large passenger aircraft and the voyage of the first domestically made cruise ship. 

These are all vivid examples of the fact that China's economy is not only rebounding in terms of size, but also improving in terms of quality. Information in this article comes from third party providers. This website does not provide explicit or implied warranty for such information and is not liable for any losses directly or indirectly caused by using such information.

Credit: Independent News Pakistan (INP) — Pak-China