We should deepen reform of the investment and financing systems, carry out price reform and improve the pricing mechanism for resource products and the system of compensation for ecological damage.

We should continue to actively yet steadily advance function-based reform of public institutions.

The income distribution system is a basic system of vital importance for economic and social development, and an important cornerstone of the socialist market economy. We have formulated guidelines on deepening reform of the income distribution system, and we now need to promptly formulate specific policies, ensure that institutions are established and policies are implemented, resolve problems in income distribution, and narrow the income gap so that the fruits of development are more equitably shared by all the people.

We need to advance development of socialist democracy and the socialist rule of law. We should ensure that the people occupy the principal position, make people's democracy more extensive, fuller in scope and sounder, ensure that the people enjoy extensive rights and freedoms prescribed by law, and promote people's well-rounded development and safeguard social fairness and justice. We should govern the country on the basis of the law, and fully respect the authority of the Constitution and laws. We should ensure that the powers of policy making, implementation and oversight both constrain each other and function in concert and that government bodies exercise their powers in accordance with statutory mandates and procedures. We should continue to transform government functions, separate government administration from the management of enterprises, state assets, public institutions and social organizations, and build a well-structured, clean, efficient and service-oriented government that has scientifically defined functions and that the people are satisfied with. We should improve the conduct of our work, maintain close ties with the people, advocate hard work and plain living, practice thrift, oppose extravagance and waste, and eliminate formalistic and bureaucratic practices. We should uphold democratic oversight, legal oversight and public opinion-based oversight and improve the system of checks and oversight over the exercise of power to ensure that the people oversee the exercise of power and that power is exercised in a transparent manner. We should unwaveringly combat corruption, strengthen political integrity, establish institutions to end the excessive concentration of power and lack of checks on power and ensure that officials are honest, government is clean and political affairs are handled with integrity.

Profound changes in domestic and external environments place new and higher requirements on China in developing an open economy. We should adhere to the basic state policy of opening up and implement a more proactive opening up strategy. We should both keep exports stable and expand imports. We should raise the quality and returns of foreign trade rather than just increase its volume, and raise its overall competitive advantages instead of relying only on cost and price advantages. We should make China's exports more competitive in terms of technology, brand, quality and service. We should simultaneously use foreign investment in China and make Chinese investment overseas, and support Chinese enterprises in going global, to create new space for economic development. We should simultaneously deepen opening up in coastal areas and open inland and border areas wider so as to foster a balanced and coordinated pattern of opening up in which all regions have their own distinctive features, draw on each other's strengths, have a clear division of work, and cooperate with each other. We should continue to open up to both developed and developing countries and expand and deepen common interests with all other parties. Fellow Deputies,

We should fully and faithfully implement the Party's policy on ethnic groups; adhere to and improve the system of regional ethnic autonomy; and strengthen and develop socialist ethnic relations of equality, unity, mutual assistance and harmony.

We should fully implement the Party's basic policy on religion, promote harmonious religious relations, and get religious figures and believers actively involved in economic and social development.

We should assiduously implement the policy of the Party on overseas Chinese affairs and support overseas Chinese as well as returned Chinese and their relatives in endorsing and participating in China's endeavors to achieve modernization and peaceful reunification.

We should accelerate modernization of national defense and the armed forces so as to strengthen China's defense and military capabilities. We should resolutely uphold China's sovereignty, security and territorial integrity and ensure its peaceful development.

We should adhere to the principles of "one country, two systems"; the people of Hong Kong governing Hong Kong; the people of Macao governing Macao; and both regions enjoying a high degree of autonomy. We should rally our compatriots in Hong Kong and Macao around us and maintain long-term prosperity and stability of the two regions.

We should adhere to the policy of the Party Central Committee on Taiwan-related work; fully implement the important thinking on cultivating peaceful cross-Straits relations; strengthen and deepen the political, economic, cultural and social foundation for their growth; and accomplish the reunification of the motherland in the course of working together with our compatriots in Taiwan to achieve the great rejuvenation of the Chinese nation.

We should continue to hold high the banner of peace, development, cooperation and mutual benefit; unswervingly pursue peaceful development; adhere to our independent foreign policy of peace; and promote durable peace and common prosperity in the world.

Fellow Deputies,

We have achieved remarkable progress along the path of socialism with Chinese characteristics in the past, and now we envision an ever-brighter future for our great country. Under the leadership of the Party Central Committee with Comrade Xi Jinping as General Secretary, let us unite as one and work hard to finish building a moderately prosperous society in all respects and achieve the great rejuvenation of the Chinese nation.

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