Ambassador Extraordinary
and Plenipotentiary of China to T&T
The 20th Central Committee of the Communist Party of China (CPC) convened its fourth plenary session in Beijing from October 20-23. The meeting reviewed and adopted the recommendations of CPC Central Committee for Formulating the 15th Five-Year Plan for National Economic and Social Development, systematically summarising the achievements of the previous plan and outlining a grand blueprint for China’s economic and social development over the next five years.
I. During the 14th plan, China achieved new pioneering progress, breakthrough transformations, and historic accomplishments in its economic and social development.
The recently concluded 14th plan period was an exceptionally significant five years in the course of China’s development. In the face of a complicated international landscape and challenging domestic tasks of advancing reform, promoting development and ensuring stability, China’s economic and social development achieved new pioneering progress, breakthrough transformations, and historic accomplishments.
• Sustained enhancement
of economic strength
The total economic output has surpassed 130 trillion RMB, and is expected to reach approximately 140 trillion RMB by 2025, with a contribution rate to global economic growth maintaining at around 30%. The total value of import and export of goods trade increased from 32.2 trillion RMB to 43.8 trillion RMB, while final consumption contributed an average of 56.2% to economic growth.
• Strong momentum
in technological innovation
Total R&D expenditure remains the second highest in the world, becoming the top ten of the Global Innovation Index for the first time. Major national equipment, including the domestically produced C919 large aircraft and large cruise ships, made their debut, a number of key core technologies achieved breakthroughs, and emerging industries continued to grow.
• Significant improvement
in people’s well-being
The world’s largest education, social security, and healthcare systems were established. Residents’ average life expectancy reached 79 years. Urban new employment remained stable above 12 million annually. More than 11 million units of affordable housing were secured. Achievements in poverty alleviation were consolidated and expanded. And the rural revitalisation strategy was comprehensively implemented.
• Marked improvement
in the ecological environment
The world’s largest renewable energy system was built. Production and sales of electric vehicles have ranked first globally for ten consecutive years; energy consumption per unit of GDP decreased cumulatively by 11.6%, equivalent to a reduction of 1.1 billion tons of carbon dioxide emissions. Significant progress was made in building a beautiful China.
• Reform and opening-up
were comprehensively deepened
The negative list for market access has been reduced to 106 items. The market-oriented, law-based, and internationalised business environment has continued to improve. The island-wide independent customs operation in Hainan Free Trade Port has been launched. The high-level opening-up is being accelerated and the high-quality Belt and Road Initiative cooperation is being advanced.
II. Using medium- and long-term plans to guide economic and social development a key governance approach
The reason China has been able to continuously promote economic development and social progress through successive five-year periods lies in a set of effective governance wisdom. Employing medium- and long-term plans to guide economic and social development is a key governance approach of CPC and a crucial political advantage of the socialism with chinese characteristics. Within this, several experiences merit sharing:
First, maintain strategic resolve and continuity in decision-making. The long-term development of a nation requires a clear direction and persistent endeavour. China’s practice shows that a widely recognised and scientifically formulated development strategy can overcome short-term fluctuations and disturbances, ensuring that the state steadily advances toward its established objectives. CPC, as the strong leadership core, plays a crucial role in formulating and promoting the plans. Through scientific decision-making and top-level design, it ensures that the plans align closely with the times, embody the will of the people, and safeguard long-term interests.
Second, emphasise concentrating efforts to accomplish major tasks. Facing key tasks and significant challenges in the development process, the effective concentration of resources to form synergy is the indispensable guarantee for swiftly overcoming bottlenecks and achieving breakthroughs. The planning system led by the five-year plan is established, decomposing the national overall objectives into multiple sub-goals across different levels and categories, fully mobilising resources and forces from all sectors to form a unified national effort, thereby accomplishing many pivotal matters relating to the national economy and people’s livelihood.
Third, adhere to carrying out the set blueprint until it becomes reality. Development cannot be accomplished overnight. China’s planning system emphasises both inheriting from the past and continuous efforts into the future. Each round of planning not only consolidates and elevates the achievements of the preceding plan but also lays the foundation and charts the course for the next stage of development. This spirit of “carrying out the set blueprint until it becomes reality” ensures the continuity and progressive advancement of the national development strategy, enabling long-term visions to be gradually realised through the accumulation of phased objectives.
The above experiences, rooted in China’s national conditions and practice, fundamentally lie in achieving the unity of development efficiency and stability through the integration of scientific top-level design and broad social participation, offering valuable reference for advancing the modernisation of governance.
III. China’s development will bring opportunities to the world
Development is the enduring theme of a nation’s prosperity and progress. During the 15th Five-Year Plan period, China will place greater emphasis on high-quality development, build a modern industrial system, lead the formation of new quality productive forces, accelerate the establishment of a new development pattern, earnestly advance comprehensive rural revitalisation, promote co-ordinated regional development, accelerate the comprehensive green transformation of economic and social development, continuously enhance people’s well-being, and expand opening-up at a higher level. This is not only a road map for China’s own modernisation, but also provides broader prospects for deepening China’s cooperation with countries worldwide, including T&T.
Although I have been in T&T for only two months, I have observed that this is a nation full of potential and hope. Under the leadership of Prime Minister Kamla Persad-Bissessar, the Government of T&T is striving to advance the country’s modernisation process. Even though China and T&T are geographically distant and the two nations have different conditions and realities, both of them belong to the Global South. The peoples share a strong yearning for a better life, and the governments of both countries actively implement the people-centered development philosophy.
As a trusted friend and reliable partner of T&T, China will regard the 15th Five-Year Plan as a new starting point, focus on advancing the five programmes for building a China–Latin America and Caribbean Community with a shared future —solidarity, development, civilisation, peace, and people-to-people connectivity, which is proposed by President Xi Jinping, maintain close dialogue and exchanges with the T&T, enhance the alignment of development strategies, broaden areas of common interests, and jointly advance along the path of shared prosperity and progress to create a brighter future.
