Topic: BusinessStrategy

Last updated: October 20, 2019

19th party congress The Chinese nation has achieved a tremendous transformation: It has stood up, grown rich, and is now becoming strong. .

It has greatly evolved from the contradiction between the ever-growing material and cultural needs of the people and the backwardness of social production to the one between unbalanced and inadequate development and the people’s ever-growing needs for a better life. Third, the Thought will serve as a guideline to implement the new blueprint. As per achieving the two centenary goals, China aims to accomplish the task of building a moderately prosperous society in all respects by 2020 when the Communist Party of China celebrates its centenary anniversary. Building on this achievement, we will strive for developing China into a strong modern socialist country by 2050 when the country celebrates its centenary anniversary. he 19th National Congress has drawn up a two-step approach to achieve this goal. In the first stage from 2020 to 2035, socialist modernisation will be basically realised. In the second stage from 2035 to 2050, we will develop China into a great modern socialist country that is prosperous, strong, democratic, culturally advanced, harmonious, and beautiful. Fourth, the Thought is abundant in content which includes comprehensively deepening reform, advancing law-based governance, exercising full and rigorous governance over the party as well as policy guidance on political affairs, economy, culture, education, foreign affairs and national defence.

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The overarching goal is to realise socialist modernisation and the great rejuvenation of the Chinese nation. Third, China will continue making development the top priority, reform and open up, and promote further integration into the world. It will present greater opportunity for China to advance mutually beneficial cooperation with India and the rest of the world.Fourth, a stable and sound international environment and order is highly required for China to transform the new blueprint into reality. This has determined that China must stay committed to an independent foreign policy of peace, upholding the five principles of peaceful coexistence, and promoting good neighbourliness and friendship. . The 16th Party Congress in 2002, for instance formulated a “three pillars” foreign policy strategy for China to include relations with major powers, neighbours, and developing countries.

The next 17th Party Congress in 2007 extended these three pillars to five pillars to include multilateralism and soft power. The 18th Party Congress in 2012, which brought Xi Jinping to power, reiterated the five pillars in addition to directing the armed forces to play bigger role “commensurate to the international standing” of China. Xi has told his party colleagues that China will not sacrifice its “core interests” even if these contradict with its developmental interests. He is not only likely to be re-elected to all his three powerful positions at the 19th Party Congress – as president, as general secretary of the CPC and as chairman of the Military Commission – there is talk that Xi will remain China’s most powerful leader when the 20th Party Congress meets five years from now.


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