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Highlights: 19th CPC Central Committee holds press conference on fifth plenary session

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The 19th Central Committee of the Communist Party of China (CPC) held in a Press conference on Friday to introduce the guiding principles of its fifth plenary session. The four-day session concluded on Thursday with the release of a communique.

Here are some highlights of the press conference:

The agenda of the session have all been completed, said Wang Xiaohui, executive deputy head of the Publicity Department of the CPC Central Committee.

The proposals for formulating the 14th Five-Year Plan for National Social and Economic Development (2021-2025) and Long-Range Objectives for 2035 were adopted during the session, said Wang, calling it the most important outcome of the session.

This is the first time that China has set long-term objectives for the country to achieve socialist modernization by 2035, according to the official.

The drafting of the proposals, which consists of three parts and 15 chapters in total, has followed five principles, said Han Wenxiu, deputy director of the Office of the Central Economic and Financial Affairs Commission.

The principles include balancing the relationship between inheritance and innovation, government and market, opening-up and independence, development and security, as well as between strategy-making and operational tactics, according to Han.

 

Double development dynamic

The concept of double development dynamic emphasizes both domestic and international circulations, Han said.

It takes the domestic market as the mainstay and allows domestic and foreign markets to boost each other.

Focusing on the internal market is by no means a downgrade of opening-up, instead, the pattern aims to promote a higher level of opening-up by using two resources and two markets, said Han.

 

China-U.S. ties

“As the two largest economies in the world, the economic ties between China and the United States are determined by the complementary of their economic structures and the openness of the global economy,” Han said.

A complete decoupling between the two countries is unrealistic and will not benefit either nation as well as the world, said Han.

China will promote high-level opening-up to provide more opportunities for the rest of the world, Han told reporters.

Technological innovation

Talking about technological innovation, the Minister of Science and Technology Wang Zhigang told reporters that China has not and will never close its doors.

China is willing to hold international dialogues on sci-tech innovation with other countries.

The country will focus on climate change, energy resources, and public health and other global issues, strengthening intellectual property protection and providing better conditions for overseas talent.

 

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Pakistan Moves to Deepen Diplomatic, Economic Relations With Nigeria

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The Government of the Islamic Republic of Pakistan has called for deeper diplomatic and economic ties with the Nigerian government to foster development for both countries.

Mr Rana Ihsaan, the Coordinator to the Prime Minister of Pakistan made the call in an interview with the News Agency of Nigeria (NAN) during his working vist to Nigeria on Wednesday in Abuja.

NAN reports that the visiting Coordinator held a closed-door meeting with Yusuf Tuggar, the Minister of Foreign Affairs.

After the meeting, he said that both both sides had agreed on deepening relations in the areas of trade and commerce, among others.

Ihsaan said that both countries must see the need to accelerate efforts towards a Bilateral Trade Agreement (BTA).

He said that Pakistan had already submitted a draft BTA and was awaiting Nigeria’s response.

According to him, discussions centered on easing visa processes, expanding educational exchanges, and strengthening Cooperation in sectors such as Minerals, Youth training, and Defence were highlighted.

Ihsaan said that Pakistan had already implemented visa-on-arrival for Nigerians at no cost, and urged Nigeria to reciprocate to enhance people-to-people ties.

He stressed the importance of high-level engagements between both nations, describing Nigeria and Pakistan as very similar countries with large populations, youthful demographics, and vast economic potentials.

“Deeper collaboration will unlock opportunities in trade, education and investment, while further solidifying long-standing diplomatic relations,” he said.

He said that aside from visiting the foriegn Minister and other top government officials in Nigeria, he was also in the country to attend the on-going West Africa Beauty Exhibition holding in Lagos.

He described the exhibition as one of the continent’s largest cosmetic fairs, adding that he led a delegation of 19 Pakistani business people exploring Nigeria’s estimated 10 million dollar beauty and cosmetics market.

Ihsaan said that Nigeria was a gateway to Africa, adding that Pakistani products, like cosmetics, Textiles, Pharmaceuticals, Food items and Sports goods were already gaining traction in the country.

He encouraged Pakistani exhibitors to establish offices, Warehouses and logistics partnerships to strengthen their foothold in the Nigerian market.

Ihsaan further addressed concerns from Nigerian businesses on the ease of doing business in Pakistan.

He said that the Trade Development Authority of Pakistan had been supporting Nigerian participants at major exhibitions to achieve the ease of doing business.

“The Special Investment Facilitation Council (SIFC) serves as a one-stop platform for Nigerians interested in investing in Pakistan,” he said

Culled from NAN

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