On January 7, 2020, when Chinese
President Xi Jinping presented a strategy to transform China into a
technology-based economy, a gathering of about 5,000 leading scientists and
engineers listened to the announcement in silence. On this occasion, China's highest
honour International Science and Technology Liberation Award was also given to
a few scientists in recognition of their services in global science and
cooperation with China. Raqim Al Haraf (Ata ul Rahman) was among the lucky ones
who received this honour from President Xi Jinping. China's rapid social and
economic development since 1978 is unparalleled in human history. These changes
began with the economic reforms introduced by Deng Xiaoping, whose main point
is change. These measures introduced decentralization of economic
decision-making, allowing private entrepreneurship (establishment of small
businesses) and market-based reforms. Subsidiary production was transformed
into collective farming, which significantly increased agricultural production and
rural incomes, which are key components of this strategy. Special Economic
Zones (SEZs) were established to attract foreign investment and technology
transfer, particularly in coastal areas, reducing bureaucratic obstacles to the
formulation of preferential reform policies, but perhaps most notably in China.
The main reform was to root out corruption, that is, by eliminating large-scale
corruption, China made extraordinary progress, and if we look at Pakistan and
other developing countries in this context, their debt burden is like a termite
on the national finances. Licking is due to the same corruption. President Xi
Jinping has launched a massive anti-corruption crackdown since 2013, including
efforts to root out corruption and promote fiscal discipline by the ruling
party. This remarkable campaign has achieved considerable success, including
high-profile arrests, investigations into white-collar crimes and convictions
of corrupt officials at all levels of government. The establishment of
specialized anti-corruption agencies such as the Central Commission for
Discipline Inspection (CCDI) has strengthened law enforcement and enabled more
effective monitoring and investigation of corruption cases. Exemplary
punishments were given to top government officials on the occasion and the
point was particularly emphasized that no person is above the law. Bushi Lai, a
former Politburo member and party secretary of Chongqing, was one of the most
important figures to be included in Xi Jinping's anti-corruption circle. Boko
was convicted in a high-profile trial in 2013 of bribery, embezzlement and
abuse of power. He was sentenced to life imprisonment. Zhao Yongkang, a former
member of the Politburo Standing Committee and head of China's security
agencies, became the second target of the anti-corruption campaign. Zhou was
convicted in 2015 of financial corruption, abuse of power and leaking state
secrets and sentenced to life in prison, making him the highest-ranking
official to stand trial on corruption charges since the founding of the
People's Republic of China. Became this crackdown on corruption increased
public confidence in the government and the party and demonstrated unwavering
commitment to accountability and the rule of law. To promote China's national
economy, foster innovation and entrepreneurship, SEZs were established,
starting with Shenzhen, Zhuhai and other coastal cities. SEZs facilitate
foreign investors and include tax exemptions, incentives, exemption from
bureaucratic procedures and access to cheap labour. SEZs also attracted foreign
direct investment while facilitating technology transfer and promoting
export-oriented manufacturing, transforming China today economically and into a
global economy. Merged. Another important initiative of China is the Belt and
Road Initiative (BRI). It is a multilateral infrastructure and economic
development strategy aimed at increasing connectivity and promoting economic
cooperation in Asia, Africa and Europe. This includes construction of roads,
railways, ports and pipelines as well as investment in energy,
telecommunications and other key sectors. A common problem in developing
countries is related to inefficient public sector enterprises that have become
a huge burden on their economies. In Pakistan we see how PIA, Pakistan Steel
Mill and other government institutions are burdened on the national exchequer
due to corruption and incompetence. Efforts to reform state-owned enterprises
(SOEs) in China have improved the efficiency and profitability of state-owned
enterprises while reducing government interference in the economy. The main
feature of these economic reforms is that it has given ownership to the private
sector along with the government and initiatives such as introducing private
capital through equity partnerships or public listings in SOZs, as well as
ineffective and unnecessary government subsidies. Restructuring and
consolidation of ownership assets are also among the fruits of this strategy.
China's focus on artificial intelligence (AI) development, including initiatives
such as the "National AI Development Plan" and "New Generation
AI Development," has made China determined to become a world leader in
artificial intelligence by 2030. Is. Made in China the AI industry covers areas
such as autonomous vehicles, facial recognition, machine learning and language
processing, modern driving, economic improvement, competition and societal
changes in the digital age. China is now investing heavily in the development
of quantum communication networks and is taking significant advantage of the
principles of quantum physics. These initiatives include the development of
areas such as quantum quantum distribution (QKD) technology, quantum satellites
and quantum communication networks.