President Xi Emphasizes Modern Corporate System and Innovation at Reform Meeting

Beijing, The Gulf Observer: Chinese President Xi Jinping underscored the necessity of advancing the modern corporate system with Chinese characteristics and creating a globally competitive open environment for scientific and technological innovation during a high-level meeting on Tuesday.

In his capacity as General Secretary of the Communist Party of China (CPC) Central Committee and Chairman of the Central Military Commission, Xi Jinping presided over the fifth meeting of the Central Commission for Deepening Overall Reform of the 20th CPC Central Committee.

During the session, President Xi emphasized the importance of enhancing the modern corporate system, which aligns with the unique socio-economic model of China. He highlighted the need for fostering an environment conducive to scientific and technological innovation, crucial for China’s global competitiveness.

The meeting focused on strategic reforms aimed at bolstering China’s economic and technological prowess. Xi’s remarks reinforced the commitment of the CPC to integrate traditional Chinese values with modern economic practices, ensuring sustainable and inclusive growth.

The discussions also revolved around initiatives to streamline corporate governance and encourage innovation-driven development. By advocating for these reforms, President Xi aims to position China as a leader in global scientific and technological advancements, ensuring that Chinese enterprises can compete effectively on the world stage.

The session was a pivotal moment in China’s ongoing reform agenda, reflecting the country’s dedication to maintaining robust economic growth while adhering to its unique developmental path.