Third plenum highlights new reform blueprint and expanded global engagement

The just-concluded third plenary session of the 20th Central Committee of the Communist Party of China serves as an essential window to observe China's efforts to promote high-quality development and further its high-level opening up, as well as showcasing Beijing's resolve to share its development dividends with the world, analysts said. "As the first delegation from the United States business community to visit China after the plenum, they can feel the opportunities derived from China's further deepening reform and opening up to the world, especially to the US," said Gao Lingyun, a researcher with the Institute of World Economics and Politics with the Chinese Academy of Social Sciences. Faced with a new round of techno-scientific revolution and industrial transformation, Gao said science and technology have been given a prominent role, which would forcefully drive China's high-quality development. China's huge market would continue to drive global economic growth and at the same time Beijing could offer its advanced factors of production, such as finance and technologies, to countries in need, which would help them upgrade their economies and better explore ways to achieve modernization, he said.