Home Business ​British economic expert: China will definitely achieve the goals set by the Fifth Plenary Session of the 19th Central Committee
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​British economic expert: China will definitely achieve the goals set by the Fifth Plenary Session of the 19th Central Committee

by YCPress

October 3, former director of the London Department of Economics and Business Policy and a senior researcher at the

Chongyang Institute of Finance of Renmin University of China, accepted an exclusive telephone interview with a headquarter reporter in London.

The Fifth Plenary Session of the 19th Central Committee of the Communist Party of

China proposed to form a strong domestic market, insist on expanding domestic demand

And build a new development pattern; implement a high-level opening up to the outside world and open up a new situation of win-win cooperation. 

Luo Siyi said: “Since China’s reform and opening up in 1978 for more than 40 years

Chinese technology has mainly relied on imports. However, in the new period

China will mainly develop its own technology and invest in it to promote the development

of new and advanced technologies in the domestic economy. Use. In this case, China’s domestic economy will dominate while using external resources, so China’s “double cycle” will succeed.”

Luo Siyi believes that although the United States is resisting China’s technology

this does not mean that the United States can succeed. He said, “It’s clear that the United States is trying to resist

China in a certain way, such as sanctions on Huawei and TikTok

but this does not mean that the United States can succeed.

The United States’ approach goes against the interests of many American companies. A naive policy.”

Luo Siyi pointed out that the “14th Five-Year Plan” emphasizes technological and scientific development and research, which requires national efforts. 

China has overcome many difficulties in its development, and it will certainly succeed this time. 

Luo Siyi said that China will certainly be able to realize the “14th Five-Year Plan”. 

He said, “In the past 40 years, both China and the

Communist Party of China have achieved the goals they set.

I am sure that this goal will be achieved.”