Xi Jinping unveils strategic vision for China’s financial empowerment: embracing modernization with Chinese characteristics

During a conference on promoting high-quality financial development in China, President Xi Jinping outlined strategic objectives to ensure the financial power of the People’s Republic of China

According to the People’s Daily publication, Xi Jinping emphasized the importance of a strong economic foundation and financial strength that reflects China’s status as a global leader.

According to the statements of the Chinese leader, the country’s financial power should be based on economic strength, scientific and technological innovation, and comprehensive national power. He also highlighted the need for a strong currency, a robust central bank, a sound financial structure, an international financial center, efficient financial supervision, and a qualified financial personnel team.

In a call for the consolidation of financial power, Xi Jinping urged the acceleration of building a modern financial system with specific Chinese characteristics. According to the mentioned publication, China has become a major global financial power, boasting the world’s largest banking system, the second-largest market for insurance, stocks, and bonds, as well as the largest foreign exchange reserves in the world.

In conclusion, the publication calls for closer unity around the Central Committee of the Communist Party of China, with Xi Jinping at its core, thus supporting the general secretary’s idea of socialism with Chinese characteristics in the new era. High-quality financial development is presented as an essential pillar for building a strong country and the national rejuvenation of China.