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China to accelerate development of modern industrial system

China aims to speed up the development of modern industrial system and push economic optimization and upgrade, according to the full text of the the Party leadership's development proposals.

The document, the Party leadership's proposals for formulating the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035, was adopted at the fifth plenary session of the 19th CPC Central Committee which closed on Oct. 29.

China will continue to take the real economy as the focus of its economic development, unswervingly build up its strength in manufacturing, quality and cyberspace, and build a digital country, said the document.

The country will work to advance its industrial foundation to a higher level, promote the modernization of its industrial chain, and improve the quality, efficiency and core competitiveness of its economy, according to the document.

China to accelerate development of modern service industry

China will intensify efforts to develop the modern service industry, according to the full text of the the Party leadership's development proposals.

The country will push the production service industry toward specialization and higher end of the value chain, encourage various market entities to provide services, and accelerate the development of the sectors including R&D and design, modern logistics and legal services, the document said.

The country vows to enhance the deep integration of modern services with advanced manufacturing and modern agriculture, and improve the digitalization of the service industry, it said.

China will push for the diversification and upgrading of consumer service sectors including health, nursing, culture, sports and tourism, and enhance supply of basic and public welfare services, the document added.

China to introduce more green development measures

China will introduce a series of measures to facilitate the overall green transformation of economic and social development, according to the full text of the CPC Central Committee's development proposals.

China will reduce its carbon intensity, or the amount of carbon emissions per unit of GDP, and make an action plan to achieve the goal of having CO2 emissions peak before 2030.

With pollution prevention high on the agenda, China vows persistent efforts to basically eliminate days with severe pollution and "black and odorous" water bodies in cities.

In this regard, the country will implement a license system on pollution discharge and promote the trading of pollution discharge rights, energy and water utilization rights, and carbon emission quotas.

China will actively take part in and lead international cooperation in tackling climate change and other ecological and environmental protection initiatives.

The country will establish a nature reserve system with national parks at its heart, while implementing major projects on biodiversity protection.

Efforts will be made to strengthen ecological protection of major rivers, lakes and wetlands, and well implement the 10-year Yangtze River fishing ban.

China will monitor the impact of global warming in vulnerable areas and carry out performance evaluation on ecological protection.

The efficiency of resource utilization will be raised in an all-round way.

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