Xinhua Insight: "Xi political economy" renews China's modernization drive (3)

mainly adjusting the relationship between government and the market -- over the past three-plus decades have built China into the world's second-largest economy, said Liu Shangxi, adding that "it's like a human being having physically grown, but in need of a healthy mentality and mature spirit as well."

He believes that social reform should become very important in the overall reform agenda, stressing that only when social reform improves can economic, political, cultural reforms and ecological construction go forward.

He went on to say that deepening social reform means pursuing socialist common prosperity and combining a market economy with common prosperity.

In Liu's view, whether China can lead civilization in the 21st century hinges on whether it can realize common prosperity through letting the well-off help those who lag behind.

Hu Angang echoed Liu's view, saying that a society that features common prosperity will be characterized by common development, sharing the results of development and eliminating poverty.

China's pursuit of a commonly prosperous society has been reflected in the international arena, said Hu, adding that China and other countries are a community of shared interests and shared future.

Over the past three years, China has been sharing its capital, technology and poverty alleviation experience, which it gained amid globalization, with other developing and underdeveloped countries through the Belt and Road Initiative and the establishment of the Asian Infrastructure Investment Bank, said Hu.

It is just as President Xi elaborated at the WEF meeting at Davos: "We are not jealous of others' success; and we will not complain about others who have benefited so much from the great opportunities presented by China's development."

"We will open our arms to the people of other countries and welcome them aboard the express train of China's development," Xi added. Endi