Find the focus point of the future development of the Chinese economy
March 11, 2024 14:40 Source: "China Social Sciences" March 11, 2024 Issue 2849 Author: [Germany] Rolf J. Langhammer (Rolf J. Langhammer) /Wen Zhao Yuan/Translation

When trying to predict the economic growth of the economy,One of the most difficult tasks is to separate the trend factors from the cycle factors。Expanding the production of the economy can represent growth,Talking about growth,American economist Herbert Stein once said, "If certain things can not continue forever,It will stop。"The growth rate of high production growth in the economy of the economy cannot continue forever,Labor and capital productivity and organizations of these elements,The decreasing law of the full factor productivity is an iron law。China Economic Standing at the crossroads of history,Domestic policies can choose to refuse to use external push and path dependence and go to a new path。This article is mainly based on past evidence,Focus on analyzing the efforts of the future development of China's economy,Many of them are interrelated。

First,GDP target and production capacity evaluation。for a long time,The Chinese government targets to improve GDP。Cervical target positioning can increase guidance to market participants,Because the Chinese government has enough ways to achieve goals。For the more mature to the way、China, which has a higher income country, for China,The more wise bet365 best casino games approach is to evaluate the growth of future production capacity。In this case,Use the existing human and material resources capital stock for product and process innovation,More importantly more important functions than mobilizing more capital。Doing this can also reduce the pressure of the central government and lower -level institutions to achieve short -term domestic product growth goals。

Second,Consumption and investment as growth power。China hopes to gradually shift from a manufacturing -based economy to a high -quality development that is mainly based on the service industry。This is in line with China's current population and income level change,The changes in both aspects have improved the demand for such services。But,This requires a higher level of consumption than the actual situation,For example,Demand -oriented social expenditure increases and the open market for importing to foreign services,It will promote investment in human resources,Expand it into a wider range of business and consumer services。Services are important or even indispensable for improving the economic organization of the economy,Therefore,This will help improve the full factor productivity,The main source of economic growth in China。,Manufacturing and service industries will also be re -assigned in depth of employment positions,Due to the different skills requirements of the manufacturing and service industry,This is more time -consuming than transferring labor bet365 Play online games in the manufacturing industry。

third,Import alternative and export offensive。The Chinese government is committed to improving the local content of skills and knowledge -intensive products。To promote this goal,China invites foreign companies to invest in China,instead of exporting to China。It is expected,Product fields that exceed domestic demand and have international competitiveness in China (such as electric vehicles),Its exports will be increased。If the trade is in the direction that is conducive to China,,Adjustment of trade policy for China may occur。The method of getting rid of this trade,transferred from physical capital to human capital。,If the company may still be an important intermediate product for production and import in China,Then China's exports have increased the resistance from trading partners,will greatly reduce。

Fourth,Resource mobility and Bet365 app download improvement of resource efficiency。"High -quality Development" is a statement that the Chinese government has recently used,Its specific meaning needs to be further discussed。People will define it as a better benefit to use existing resource endowments,Among them, including the environment、Housing、Health、Preventive use of social security and workplace organization。Employee、Innovative innovation initiated by investors and consumers to improve the well -being,can reduce waste、Reduce social conflict、Raise a sense of responsibility,These will promote the improvement of resource use efficiency。

Fifth,The contribution of the public department and the non -public sector to the economy。The new crown epidemic promotes the public department of the world, including China,Activated the role of protecting the people's health。After the epidemic is over,Non -public sectors can play a greater role,New areas of new areas to promote economic and product innovation。What kind of products are competitive and sustainable,Decided by consumers。Many entrepreneurs in China have played a vital role in society,I am also willing to accept the supervision of the public and the government。Therefore,When people need to improve people's quality of life,Private entrepreneurs who have experienced experience in competing with global suppliers,Can provide consumers with wider choices。Of course,This does not require the public sector to play an absolute minimum role in general,Instead, better balanced non -public and public departments under normal circumstances,At the same time, ensure that the public sector effectively plays a strong guiding role in critical conditions。

Sixth,Capital project looseness and exchange rate stability。So far,The earthquake of the global financial crisis has never appeared in China。2024,The risk of financial turmoil still exists。The risk of currency tightening and the pressure of the exchange rate down indicate,Export capital seems more attractive to many people,Control of this kind of capital Bet365 app download export may stabilize the exchange rate。Division of more stringent control over short -term investment portfolios and relatively loose supervision of foreign direct investment,It may reduce the pressure of the exchange rate policy,enable it to withstand the negative impact of the depreciation of the renminbi on domestic demand。

Seventh,Infrastructure production capacity export and foreign loan integration。The "Belt and Road" initiative launched in 2013,not only meets the requirements of infrastructure gaps,It also meets the supply demand for production capacity exports。More than ten years later,The fruits of early harvest have been taken off,but also facing certain challenges。For example,EU or other institutions under the EU or Bretton Forest System strengthened infrastructure investment。Like China,Investment human capital instead of physical capital has become an urgent need for other partners, especially the global south。From material capital to human capital formation,The relationship between China and the global south will also help achieve higher production capacity growth。

Eighth,Mutual dependence in geopolitics and multilateralism after World War II。In the next few years,The United States and the European Union will still be an important export market in China,It is also an important host market for Chinese capital。United States、EU and China are complementary natural trading partners。Export bet365 best casino games restrictions will be interdependent and weaponized,So as to endanger this complementary structure,Run away from the multilateral order after World War II。As an open large economy,I have always advocated to abide by the rules of the World Trade Organization,Makes important suggestions for defending the rules,The uniqueness of the public development countries at the same time,Including a strong public sector and the right to protect the new industry in accordance with the relevant special and different treatments。Considering that more manpower and financial support is needed in the south of the world,instead of just trade benefits and assistance,The way to eliminate economic mutual dependence weapons will become a new content of multilateralism。

After the epidemic is over,Countries around the world are actively adjusted for the growth level before the epidemic.,China is no exception。The situation of geopolitical tensions adds new challenges to this adjustment,China should better handle the younger generation and the elderly generation、The distribution relationship between rural and urban。The fact that China brings a prosperous life to the people has gained the respect of the world, especially the south of the world,Abuse of past experience will be able to be peaceful in the future、Successfully deal with future challenges and lay a solid foundation。

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