by Xinhua writer Sun Xiaoling
LONDON, Aug. 29 (Xinhua) -- "In the current complex international environment, China's clear layout of future plans bring strong confidence to people at home and abroad who are concerned about China's development," a British university scholar said here.
In a recent interview with Xinhua, professor Yu Xiong at the Surrey Business School in the University of Surrey, gave his analysis on the lastest signals delivered during a symposium on economic and social work held in Beijing earlier this week.
Chairing the symposium, Chinese President Xi Jinping stressed adopting a long-term perspective, grasping the trend of the times and extensively pooling wisdom to study new circumstances and make new plans.
Noting the country's economic and social strategy for the mid-and-long term, Xiong said the plans are "thoughtful, wide-scope, and forward-looking...China has a firm and accurate grasp of the situation."
China's new development pattern known as "dual circulation", which takes the domestic market as the mainstay while letting domestic and foreign markets boost each other, has been placed high on the authorities' agenda.
Xiong said it suggests that China will boost economy relying on domestic demand while "developing collaborative, mutually beneficial and win-win relationship with other countries" amid rising protectionism and risks of globe supply chain disruption.
Chair of Business Analytics and University Associate Dean International, Xiong spoke highly of the world's second largest economy's increasing engagement with technological innovation towards future development.
"More high-tech enterprises will develop, which will inject momentum into the country's technological and economic development," he said, adding that "innovation will further play a leading role in China's economy."
"The country's plan for scientific and technological development is very comprehensive, and the leaders obviously have taken full consideration of the country's conditions and given an accurate and powerful direction revolving around the innovative development," the scholar said.
Asked about China's aim to set up a high-standard market system through fair competition, Xiong said it indicates that private companies are expected to play "an irreplaceable role" in China's new round of economic high-level opening-up and reform.
"China is turning to an economy of high-quality development," said Xiong. China's development will benefit not only China itself but also the entire world, in particular under the headwinds of the COVID-19 pandemic, he noted. Enditem
