China will share more benefits with developing countries like Nepal, says Ambassador Song

Chinese Ambassador to Nepal Chen Song has said that the recently concluded third plenary session of the Communist Party of China (CPC) has drawn a new blueprint for China’s economic and social development, and is of great significance to China and the world.

In a statement released today, Ambassador Song said the third plenary session has focused on reform issues and made plans and arrangements for China’s development in the coming five to ten years.

"In promoting high-level opening-up, China will expand unilateral opening-up to the least developed countries, and open to the rest of the world its goods, service, capital, and labor markets in an orderly way, which will bring more development opportunities and share more benefits with developing countries like Nepal," Ambassador Song stated.

The Chinese Ambassador has quoted the key statements by Chinese President Xi Jinping saying "In the face of new developments and tasks, we must further deepen reform to continue refining institutions and mechanisms in various sectors, which will enable us to better translate our country’s institutional strengths into effective governance".

Ambassador Song said that the plenary session has sent a positive not only to China but also to the whole world, elevating their confidence for further investment and development in the country and injecting stability into the world amid growing geopolitical tensions and protectionism.

The plenary session has endorsed a resolution for developing support institutions and mechanisms for all-ground innovation to ensure coordinated efforts to promote integrated reform of institutions and mechanisms in the education, science and technology sectors.

The resolution sets forth plans for further deepening reform across the board and makes overall arrangements for both economic structural reform and reform in other areas, which include concerning democracy and the rule of law, the cultural sector, the system for ensuring and improving the people’s wellbeing, the system of ecological conservation, according to Ambassador Song.