At China’s Economic Operation and Policy Forum 2019 held in Guangzhou on Nov. 29, scholars held in-depth discussions on such issues as the vision and planning of China’s high quality economic development during the Fourteenth Five-Year Plan (2021–2025) and the development of the Greater Bay Area during that period.

CASS Vice President Gao Peiyong delivered a special address for the opening ceremony of the forum. He said that the fourth plenary session of the 19th CPC Central Committee has deployed comprehensive measures for advancing China’s high quality economic development. The Fourteenth Five-Year Plan will be implemented based on the building of a moderately prosperous society in all respects.

China’s macroeconomic environment is currently undergoing profound changes. More attention should be drawn from policy adjustment to deepened reform. Supply-side structural contradictions that may arise during the Fourteenth Five-Year Plan can be resolved by means of reform and opening up. The Fourteenth Five-Year Plan will be a key period for China to cross the middle-income trap, march towards basic modernization and realize the great rejuvenation of the Chinese nation, Gao said.

Gao stressed that the Guangdong-Hong Kong-Macao Greater Bay Area, as an important engine for China’s successful rise in the past four decades, bears the great mission of driving the whole country toward high quality innovative development. It is necessary to ensure the stability, prosperity, transformation and upgrading of the Bay Area and to build Guangzhou and Shenzhen into international cities with strong competitiveness, Gao said.