BEIJING — At weeklong 20th National Congress of the Communist Party of China (CPC), which concluded on Oct 22 in Beijing, a blueprint for China's future development has been mapped out.
As the world economy is facing a tough situation this year, with probably tougher prospects for the next, China's economic outlook carries global significance. Voicing their confidence in China's future growth, business communities worldwide believe that China's modernization stride and innovation-driven growth will inject more certainty into the global economy.
China will accelerate creating a new development pattern and pursue high-quality development, said President Xi Jinping, also general secretary of the CPC Central Committee, while delivering a report at the CPC congress.
Chinese modernization, a key term defining China's journey to national rejuvenation and another buzzword in the CPC report, has spurred a heated discussion in business communities both domestic and abroad.
While invigorating its economy, China has made innovation a top priority in its planning. The country rose to 12th place on the Global Innovation Index 2021, up from 34th place in 2012, said the World Intellectual Property Organization. It ranked first among middle-income economies.
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