This photo taken on Aug. 5, 2024 shows copies of a report titled "Deepening Reform Comprehensively to Advance Chinese Modernization: Major Achievements and Global Contributions." The report on the achievements and global contributions of China's reform endeavors in the new era was unveiled at a forum held Tuesday in Beijing.
Jointly issued by the think tanks under the Institute of Party History and Literature of the Communist Party of China (CPC) Central Committee and Xinhua News Agency, the report systematically summarizes the major achievements, basic principles and global contributions of the CPC's efforts in deepening reform comprehensively to advance Chinese modernization in the new era. (Xinhua/Cai Yang)
BEIJING, Aug. 6 (Xinhua) -- China is expected to be one of the favorite investment hot spots for enterprises and individuals from around the world thanks to the country's continuous efforts on reform and opening up, according to a think-tank report released Monday.
The report, jointly released by the Chongyang Institute for Financial Studies of Renmin University of China and three overseas think tanks, assessed China's achievements and challenges in the process of reform and opening up over the past decades, while mapping the outlooks for 2029 and 2035.
It projected that in 2029, China's new quality productive forces will continue to grow, with strategic emerging industries accounting for more than 20 percent of GDP, while more than 40 percent of Fortune 500 companies will be from China.
It also expected that China will become the world's largest economy by 2035, with the strength of science and technology in most industries reaching a first-class global standard. New institutions for a higher-standard open economy will be developed, making China deeply integrated with the global economy, and further enhancing China's international competitiveness and influence.
At a symposium on the report, experts shared their views on its content and commented on last month's tone-setting plenum and the resolution released, anticipating a more open China with more opportunities for cooperation.
Sergey Glaziev, vice president of the VEO of Russia, said he sees clearly that the Chinese leadership has a clear vision and strategic plans, which will be implemented because they are based on the scientific approach and are comprehensive.
Speaking via video link, he said this provides a new impulse for development, in the economic, social and technical spheres.
"I'm sure that in the new era of further comprehensively deepening reform and advancing Chinese modernization, this will create the core of a new world economic model," he said.
Mohammed Saqib, secretary general of the India China Economic and Cultural Council, said that overall, China's journey of reform and opening up is not just a national endeavor but a global one with far-reaching implications.
He said that China's ongoing development and global engagement will significantly influence the world.
The report also anticipated that China will achieve the goal of peaking carbon emissions ahead of the pre-set target of 2030. After that, China may further reduce over 400 million tonnes of carbon emissions on average annually, becoming the country with the highest annual emissions reduction in the world.
More than half of Chinese cities will be transformed into "green cities," it said.
China's environmental goals, including the early achievement of peaking carbon emissions and creating "green cities," will be crucial to global efforts to combat climate change, Saqib noted.
"As a foreign observer, I urge the nations, especially of the Global South, to engage with China's reform process. They should seek collaboration and cooperate for mutual benefit without any bias or external influence," he said. ■
