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Building on its major strategic gains in fighting COVID-19, China has made steady strides in economic development. The recently concluded Fifth Plenary Session of the 19th CPC Central Committee adopted recommendations for formulating China’s 14th five-year plan. The plenum underscored that China will finish building a moderately prosperous society in all respects within the set time frame, and will embark on a new journey next year toward fully building a modern socialist country. Based on a scientific analysis of the new stage of China’s development, we will stay committed to the new development philosophy, and actively foster a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other. This new development paradigm is by no means a closed-door policy. Instead, it urges efforts on both the supply and demand sides to ensure unimpeded flow in production, distribution, exchange and consumption. While making the Chinese economy more resilient and competitive, it also aims to build a new system of open economy of higher standards. This will create more opportunities for the world to benefit from China’s high-quality development.

The RCEP, recently inked at the leaders' meetings on East Asian cooperation, is of great significance for participating countries to jointly tackle the uncertainties in the international landscape, increase intra-regional trade, stabilize industrial and supply chains, enhance people's well-being and facilitate China's high-level opening-up, according to the meeting chaired by Premier Li Keqiang.

In Gansu, many people came out of poverty with the help of industries, e-commerce and rural tourism, among others.

The two sides should deepen cooperation in such fields as pandemic containment supplies, technology and medicines, support Chinese and Indonesian enterprises to work for vaccine development and production, and jointly oppose politicization and stigmatization of the pandemic, Li said.

For their part, the attending U.S. delegation members, including USCBC's Chairman Tom Linebarger and President Craig Allen, said the council attaches great importance to ties with China, hailing China's return to normalcy in economic development and the impetus injected into a global recovery.