Innovation emblematic of Chinese pursuit of high-quality development

The Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization, which was approved by the third plenary session of the 20th CPC Central Committee upon its conclusion on Thursday, demonstrates the significance the Party attaches to the pursuit of innovation.

It is the great uncertainties in the internal and external situation that have spurred the country to make all-out efforts to pursue innovation-driven growth. While it has made remarkable development achievements since 2012, the daunting challenges it now faces mean that seeking development from know-how rather than cheap labor and resources is mandatory.

The country already has a strong foundation and favorable conditions for it to become one of the leading innovative economies in the world. Over the past 12 years, China has established the world's largest education system, with the number of people with a college education reaching 250 million. China's total number of R&D personnel ranks first in the world, and the total R&D expenditure of the whole Chinese society ranks second globally.