Better use Xi’s thought on ecological progress in economic recovery: Expert

A senior Chinese economic expert has called for the government to better practice President Xi Jinping’s thought on ecological progress by incorporating green development into the country’s economic recovery and the 14th Five-Year Plan (2021-2025).

“The economic recovery in the first half this year is generally in line with expectations,” said Liu Shijin, deputy director of the Economic Committee of the National Committee of the Chinese People’s Political Consultative Conference, the country’s top political advisory body, in a seminar on President Xi Jinping’s thought on ecological progress on Saturday.

In the second quarter, the country reported 3.2-percent GDP growth. While the growth rate in the second half of the year may reach about 6 percent, the overall growth rate this year may be 3 percent or even higher, he said.

As an emerging economy, China boasts great economic development potential in promoting technology development, upgrading industrial and consumption structures and promoting urbanization. Generally, these potentials can be divided into two types: Those that have been tapped in developed nations and emerging ones.

As to the exploration of the first type of potential, China needs to make efforts to catch up with developed countries. The country could, however, keep pace with these major economies and even lead the world in tapping the second type of potential, he noted.

“We have noticed that the recent economic stimulus plan introduced in the European Union has especially emphasized digital economy and green development and considers the duo as pillars. Actually, they are new and cutting-edge potential sectors in the whole world,” he noted.

He stressed that there is great likelihood that digital economy and green development could become China’s new competitive edges, considering that China has advanced development philosophy and a super-large market scale.

Green development will be an increasingly important impetus for the country’s development during the 14th Five-Year Plan (2021-2025) as it further upgrades industrial and consumption structures. China should better practice Xi’s concept that “lucid waters and lush mountains are invaluable assets” and specify the development philosophy, policies, system and mechanism needed for green development and the key sectors for future efforts during the five years, he noted.

Xi came up with the concept in his visit to Anji in 2005, when he was Party secretary of East China’s Zhejiang province.

Liu also stressed that China should endeavor to realize a green economic recovery in the short term.

“Green development has been one of the key concerns for different sectors of society as the country’s economic recovery continues amid COVID-19 prevention and control,” said Liu, who also is Chinese chief adviser to the China Council for International Cooperation on Environment and Development.

Established in 1992, the council is a high-level international advisory body comprising officials and experts from China and overseas who provide policy advice to the Chinese government.

Green recovery has been a term frequently mentioned by advisers with the council in their recent research. They believe that China, which is among the first in the world to realize economic growth after bringing the novel coronavirus pandemic under effective control, should stick to its resolve of adhering to green development and endeavor to realize a green economic recovery, he said.

China should give priority to developing renewable energy, low-carbon infrastructure, green technologies and energy-efficient buildings as it makes efforts to recover the economy, and avoid driving the recovery with fossil energy, he said.

 

Source: chinadaily