Comprehensively deepening reforms will help realize the goal of building a well-off society in all-round way. Only with systematic, comprehensive and coordinated reforms, can the country drive its modernization. Similarly, only with deepened reforms, can China resolve the problems that have emerged on its development road and realize its rejuvenation in a healthy manner.

Establishing the rule of law offers the fundamental guarantee for building a well-off society in an all-round way. To build a society ruled by law requires China also bring its manner of leadership and governance under the rule of law. With rule of law, China can promote institutionalization, standardization and proceduralization of various affairs concerning the Party, the nation and society, and realize modernization of its national governance system and capability.

But the country must first push for stricter governance of the Party. Comprehensively governing the Party in a stricter manner will reforge the core power of China's governance system, enabling the comprehensive deepening of reforms and the implementation of the rule of law.

To realize a well-off society in an all-round way, China must comprehensively deepen reforms guided by the leadership of the CPC governing under the rule of law and mobilize people nationwide to work for the Chinese Dream. This will represent an important ideological contribution to global governance.

The author is president of Renmin University of China. The article first appeared in People's Daily.