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Nation Makes New Progress on Path Set by Deng

Nation Makes New Progress on Path Set by Deng

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Introduction

On a hilltop at Lianhuashan Park in Shenzhen, Guangdong province, stands the bronze statue of late Chinese leader Deng Xiaoping (1904-97), the chief architect of China's reform and opening-up policy.

Every year, hundreds of thousands of visitors from across the country come to visit the site with a view to having a better understanding of how Deng and the policy he initiated have led Shenzhen, a metropolis that arose from a fishing village, to achieve an economic miracle. Ahead of the 120th anniversary of Deng's birth, which falls on Thursday, Zhang Xinqiang, 40, a tourist in Shenzhen, visited Deng's statue to pay respects to the late Chinese leader."China's modernization is making progress based on the blueprint set out by Deng Xiaoping. The reform and opening-up he initiated has turned out to be a right path leading the country toward prosperity and progress," Zhang said.

Practical economic reform policy from Deng Xiaoping

Embarking on the path set by Deng, China has achieved new milestones in its economic and social development. Per capita GDP increased phenomenally from about $155 in 1978 to over $10,000 today, and more than 700 million people have been lifted out of poverty. Deng's reform and opening-up policy was officially embraced at the third plenary session of the 11th CPC Central Committee in December 1978. The policy outlined the need to follow new economic management methods, introduce advanced technologies, boost economic exchanges with the outside world and scale down centralism in the planned economy to spur vitality and development. His legacies in terms of politics, the economy and diplomacy have continued to inspire China across the years. Li Junru, former vice-president of the Party School of the CPC Central Committee, said that Deng led the Party and the people in advancing reform and opening-up, aiming to achieve socialist modernization.

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The impact and influence of this policy

With the reform measures, the Chinese economy has not only sustained robust growth but also more than doubled since 2012, cementing the country's status as a major contributor to global growth.Like Deng, Xi has provided a philosophy for the next stage of fast-track development. Led by Xi, China's reforms aim to not only achieve a stable growth rate by making structural adjustments, but also to rid the country of internal and external challenges and coordinate development and security.Starting with reform and opening-up (in 1978), the Chinese Communists have embarked on a new path of wholeheartedly focusing on development, achieving remarkable historic accomplishments. The blueprint for socialist modernization outlined by Comrade Deng Xiaoping is gradually turning into a reality


Post time: Aug-23-2024