Beijing (FN), Oct. 16 – Development is a priority of the Communist Party of China (CPC) in governing and rejuvenating China. Through the new development philosophy, China has seen a historic rise in China’s economic strength and remained the world’s second largest economy in the past decade, Chinese president Xi Jinping said Sunday at the opening session of the 20th National Congress of the CPC.

China has worked hard to promote high-quality development, and pushed to foster a new pattern of development, Xi underlined.

“China’s GDP has grown from 54 trillion yuan to 114 trillion yuan (about USD16 trillion), accounting for 18.5 percent of the world economy, up 7.2 percent points,” Xi added.

Meanwhile, China ranks first in the world in terms of grain output, and it has ensured food and energy security for its more than 1.4 billion population, Xi underscored.

According to the National Food and Strategic Reserves Administration, China has made a comprehensive assessment to protect against potential risk affected the food security by touching on five key performances, including 1) innovating farmland production system, 2) putting forward agricultural technological innovation, 3) promoting production layout and comprehensive capacity production, boosting law and regulations on food security, 4) stepping up purchase and storage regulation, and 5) promoting food conservation, waste reduction, as well as boosting nutrition and health.

China’s manufacturing sector has become the largest in the world, so has its foreign exchange reserves, Xi said. The country accounted for 30 percent of the global manufacturing output in 2021, marking an increase from 22.5 percent in 2012 as the industry grew bigger and stronger, and the manufacturing value added output had expanded from 16.98 trillion yuan in 2012 to 31.4 trillion yuan (approximately USD4 trillion) in 2021.

Xi continued, in the past decade, China has built the world’s largest network infrastructure with advanced technology, including high-speed railways and expressways and other significant infrastructure.  
=FRESH NEWS