At the Fifth Plenary Session of its 18th Central Committee in 2015, the Communist Party of China (CPC) called for “innovation-driven development, coordinated development, green development, development for global progress, and development for the benefit of all.”
Of these five concepts for development, innovation should be given top priority, while interactions between all the individual fields must be properly managed. The basic state policy of resource conservation and environmental protection should be respected, as should the principle that opening to the world must be to the benefit of all parties involved. Development should be in the interests of the people, rely on their support, and be of direct benefit to them.
The thinking behind the five concepts for development embodies the CPC’s in-depth understanding of the laws of economic and social development, while the concepts offer a theoretical guideline for the leadership in building a moderately well-off society in all respects.