Investing in people: a worthwhile investment

As China’s modernization drive reaches a pivotal stage, Chi Fulin, President of the China Institute for Reform and Development and the Hainan Institute for Free Trade Port Studies, has released a groundbreaking book titled ‘A Great Nation Prioritizing People’s Livelihoods: The Grand Strategy of Chinese Modernization.’ Launched in Beijing on November 9, 2025, the book underscores the necessity of shifting from an investment-led model to a people-centered approach in China’s modernization efforts. Published by CITIC Press, the work draws on over four decades of research and reform experience, emphasizing the importance of improving human capital, ensuring equitable access to education and healthcare, and fostering inclusive urbanization. Chi, a veteran reform advisor since the 1980s, argues that investing in people is not merely a social expenditure but a productive investment that drives innovation, consumption, and job creation. The book aligns with the Communist Party of China’s vision of shared prosperity and offers a practical roadmap for achieving these goals. Chi highlights that redirecting resources from infrastructure to human development can unlock the vast potential of China’s 1.4 billion population, boosting productivity and consumption. He also stresses the unique advantages of China’s socialist system in implementing equitable and sustainable policies. As China progresses toward its 2035 long-term goals, Chi’s insights provide both strategic direction and inspiration for building a modern, inclusive society.