Title: President Xi Jinping Leads Efforts to Build New System for Higher-Level Open Economy and Dual Carbon Control
Date: July 11, 2022
Location: Beijing, China
On July 11th, President Xi Jinping presided over the second meeting of the Central Committee for Comprehensively Deepening Reforms in Beijing. During the meeting, several important topics were discussed, including the construction of a new system for a higher-level open economy, dual controls of energy consumption and carbon emissions, as well as reforms in various sectors such as education, oil and gas, and power systems.
President Xi Jinping emphasized the importance of establishing a new higher-level open economic system as a strategic measure to promote reform and development through opening up. The focus is on strengthening institutional opening, deepening reforms in key areas such as finance and innovation, and actively raising China’s level of openness. This new development pattern will revolve around services, investment, and trade.
In terms of agricultural and rural development, President Xi Jinping highlighted the need to prioritize the modernization of agriculture and rural areas. This includes addressing the relationship between farmers and land, improving agricultural and rural development, and laying a solid foundation for building a modern socialist country.
Recognizing the need to reduce carbon emissions, China aims to gradually shift from dual control of energy consumption to dual control of carbon emissions. The meeting stressed the importance of regulating total energy consumption and intensity while developing a comprehensive system to control total carbon emissions. This is in line with China’s commitment to ecological civilization and sustainable development.
The meeting also addressed the reform of the salary system for college teachers and scientific research personnel. By establishing a salary system that stimulates innovation, knowledge value, effective management, and guarantees and incentives, China aims to enhance the vitality and creativity of institutions of higher learning and scientific research institutes.
Furthermore, the reform of the oil and gas market system was discussed, with a focus on improving the country’s oil and gas security capability. The meeting called for the steady promotion of reforms in the upstream, midstream, and downstream systems and mechanisms of the oil and gas industry, ensuring stable and reliable supply.
Lastly, the meeting emphasized the need to deepen the reform of the power system and accelerate the construction of a new power system that is clean, low-carbon, safe, and abundant. This will further promote the revolution in energy production and consumption, contributing to national energy security.
The meeting was attended by Li Qiang, Wang Huning, and Cai Qi, members of the Standing Committee of the Political Bureau of the CPC Central Committee and deputy directors of the Central Committee for Comprehensively Deepening Reform.
The meeting acknowledged that China’s development is facing a complex and severe international situation and emphasized the importance of improving the top-level design of the new open economic system. It called for the deepening of reforms in trade, investment, market access, and the business environment to attract global resources and improve the quality and level of trade and investment cooperation.
In conclusion, President Xi Jinping’s leadership at the meeting highlighted China’s commitment to comprehensive and deep-reaching reforms in various sectors. The establishment of a new system for a higher-level open economy, dual controls of energy consumption and carbon emissions, and reforms in education, oil and gas, and power systems are aimed at advancing China’s development and contributing to global sustainable growth.