2026-03-24
Since the 18th National Congress of the Communist Party of China, facing a complex and severe domestic and international environment, the giant ship of the Chineseonomy has plowed through the waves and forged ahead with determination. In the magnificent practice of economic construction, Xi Jinping Thought on Economics has been formed and developed, providing scientific theoretical guidance for prhigh-quality economic development in China. As the latest achievement in adapting and evolving Marxist political economy to the Chinese context and the needs of the times, Xi Jinping Thought on Economics profoundly reveals ternal logic behind the bright prospects of China's economy. Recently, *Study and Q&A on Xi Jinping Thought on Economics* (hereinafter referred to as *Q&en published. Divided into 14 sections and covering 50 questions, it provides in-depth, comprehensive, and precise answers to a series of hot and difficult issues regara's economic development in a question-and-answer format, serving as an important auxiliary reading material for Party members, cadres, and the general public to deeply study and implement Xi Jinpinon Economics. Studying and using *Q&A* well, and understanding the bright underlying tone of China's economy, is of great significance for unifying thinking, building consensus,d opening up new horizons for the development of the cause.
Understanding the Greatest Advantage: The Party's Leadership
The key to managing China's affairs lies in the Party; the key to doing eic work well lies in upholding and strengthening the Party's overall leadership. Marxism holds that the economy is the foundation of politics, and politics is the concentrated expression of the economy. Sgthening the Party's overall leadership over economic work is the fundamental guarantee for China's economic development.
General Secretary Xi Jinping emphasized that "the greatest strength of the system of socialism with Chinese chateristics is the leadership of the Communist Party of China." Economic work is the central task of the Party and the country, and doing economic work well is a major task for the Communrty of China in governing the country. Since the 18th National Congress of the Party, China's economic development has been affected by the sustained sluggishness of the world economy following the ial financial crisis, facing multiple shocks such as the COVID-19 pandemic and geopolitical crises. With a long-term vision and a comprehensive grasp of the overall situation, the CPC Central Cotee with Comrade Xi Jinping at its core has comprehensively strengthened the Party's strategic planning and unified leadership over economic work, leading the Chinese economy to achieve historic accomplishments. At critic development and major historical junctures, General Secretary Xi Jinping has put forward a series of major propositions and made a series of major decisions and plans, ensuring that the shina's economy sails steadily and far.
The second section of the "Q&A" systematically expounds on why it is necessary to uphold and strengthen the Party's overall leadership oconomic work, how to transform the institutional advantages of the Party's leadership over economic work into governance effectiveness, and how to improve the Party's capacity and level of leadership over economic worviding clear guidance for a profound understanding of the distinct characteristics and institutional advantages of China's economy. Strengthening the Party's overall leadership over economic work helps to fully leverage the greatest ntage of the system of socialism with Chinese characteristics. This advantage is reflected in the fact that we have a complete set of systems and mechanisms for the Party to lead economic work: the Politicureau of the CPC Central Committee regularly studies and analyzes the economic situation; the Central Committee for Financial and Economic Affairs (Leading Group) and the Central Committee for Deepening Overall Reform (Lading Group) timely study major issues and reforms regarding economic and social development; the Central Economic Work Conference sets the policy tone every year; and effective supervision, such as political inspection, ensures the immentation of major decisions and plans of the CPC Central Committee. This advantage is also reflected in the Party's approach to state governance and administration. Taking the formulation of five-year plans a an example, the plenary session of the CPC Central Committee proposes suggestions for the plan; the State Council drafts the outline; and after review and approval by the National People's Con, it is promulgated and implemented, effectively transforming the Party's propositions into the will of the state and the joint action of the whole society. This advantage is further reflected in th concentrate resources on major tasks. By adhering to the principle of "one national chessboard" and leveraging the advantages of the new national system, resources are concentrated on key nateas, helping the Chinese economy calmly cope with risks and challenges and move forward steadily.
Understanding Innovation as the Primary Driving Force
China's economy is often likened to a giant ship or a high-speeain; the key to its favorable development trend lies in the robustness of its power system. Only with a powerful power system can economic development maintain lasting vitality and competitiveness. General Secretary Xi Jinping empsized that "innovation is the primary driving force leading development" and that "in advancing Chinese modernization, science and technology must take the lead, and technological innovation is the only w" profoundly elucidating the pivotal role of innovation in the process of modernization.
The tenth section of the *Q&A* systematically expounds on the significance of innovation-driven developm, as well as the focal points of work regarding developing new quality productive forces, achieving high-level self-reliance and self-strengthening in science and technology, and comprehensively , attracting, and utilizing talent. It provides authoritative theoretical guidance for unswervingly following the path of independent innovation with Chinese characteristics. Understanding innovation-driven development means understanding the secret bea's economic miracle and its bright prospects. Currently, the new round of technological revolution and industrial transformation is accelerating, and global competition is centered on technological innovation. Only by placing the foundation ofvelopment on innovation can we break away from traditional path dependence and achieve a transformation of the driving force. Since the 18th National Congress of the Communist Party of China has upheld the core position of innovation in the overall modernization drive and regarded self-reliance and self-strengthening in science and technology as a strategic support for national devlopment. In 2025, total R&D investment exceeded 3.92 trillion yuan, with an R&D intensity of 2.8%, and the innovation index ranose to tenth globally. Major breakthroughs have been achieved in fields such as manned spaceflight, lunar and Mars exploration, making innovation a powerful engine for high-quality
Promoting innovation-driven development hinges fundamentally on enhancing independent innovation capabilities, with the key being the effective utilization of talent as the primary resource. General Secretary Xi Jinpinhasized that "in today's world, the competition of comprehensive national strength ultimately boils down to the competition for talent and the quality of the workforce," and that "innovation-driven development isially talent-driven." China has become a major country in terms of talent resources, with over 5 million graduates in science, technology, engineering, and mathematics (STEM) fiels each year, ranking first in the world in the total volume of human resources in science and technology and R&D personnel. The continuous release of the talent dividend is laying a solid foundation for innovativedevelopment.
Looking to the future, we must unswervingly place innovation at the core of the country's overall development, advance education, science and technology, a talent in a coordinated manner, optimize the innovation ecosystem, use scientific and technological innovation to lead industrial innovation, actively cultivate and develop new quality productive forces, and inject inexhaustible momentum ihigh-quality development of the Chinese economy.
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