Political Lens

Xi stresses high-quality cultural-ethical advancement

President Xi Jinping has underscored the importance of promoting high-quality cultural and ethical development to provide robust spiritual support for building a strong nation and achieving national rejuvenation.

Xi, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks in a recent instruction, which was conveyed during a national conference on Friday that honored champions of cultural and ethical progress.

Noting that coordinated material and cultural-ethical advancement is a defining feature of Chinese modernization, Xi emphasized the significance of applying the Thought on Socialism with Chinese Characteristics for a New Era to enhance cohesion, deepen conviction and promote core socialist values.

Xi called for continued efforts to enrich the cultural lives of the people and foster well-rounded personal development, alongside coordinated progress in cultural-ethical development across both urban and rural areas.

Action plan eyes greener manufacturing sector

China adopted an action plan on Friday for the green and low-carbon development of its manufacturing sector from 2025 to 2027.

The State Council executive meeting chaired by Premier Li Qiang emphasized the need to expedite green technological innovation and the widespread application of advanced eco-friendly techniques.

To facilitate the green transition of China's traditional industries, large-scale equipment upgrade programs should be leveraged to enable the adoption of cutting-edge machinery and technologies.

Accelerating the uptake of clean energy and green products, as well as improving resource recycling, is among key priorities to shape the green trajectory of the country's emerging industries.

Role of foreign institutions in capital market emphasized

China welcomes foreign-funded financial institutions to take part in the development of its capital market, solidify partnerships and share in business opportunities, Vice-Premier He Lifeng said on Friday.

He made the remarks during his separate meetings with John Dugan, chairman of Citigroup Inc, and Harvey Schwartz, CEO of Carlyle Group, at the Great Hall of the People in Beijing. During the meetings, He highlighted China's firm commitment to expanding high-standard opening-up, aligning with the high-standard international economic and trade rules, and optimizing the business environment.

While saying that foreign enterprises are greatly encouraged to invest in China, he pledged that the country is ready to provide ample opportunities for multinational corporations to achieve stable and long-term growth potential.

Xinhua - China Daily