China's economy still has long -term growth potential
10:04, March 27, 2024 Source: "China Social Sciences" March 27, 2024 Issue 2861 Author: Our reporter practiced Zhizhi

Recent,Some Western politicians and the media repeatedly sing and decline in China,"China Economic Crash theory" and other arguments, this is the one after another。At the same time,At the level of practice and theoretical,These views are also constantly being faked。China does face a complex economic situation,But this does not mean that the Chinese economy will go to decline。Starting from economic practice,The new situation of the Chinese economy scientific analysis、New Trend,It is an important academic problem,It is also a major real problem。The situation of the Chinese economy and the future,The reporter interviewed Macit Molna。

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Some Western media think,Few economies in the world can maintain stable growth for a long time,China's economy is about to "collapse"。For this kind of sound,Morna said,Need to distinguish long -term growth potential and short -term cyclical fluctuations。Morna has been paying close attention to the development of China's economy,She said,To understand China's recent and future growth,One of the key factor is to understand its potential growth path。

Morna thinks,pragmatic,It is impossible for any economy to maintain long -term high -speed growth。Convergece theory thinks,Economics with lower income will accelerate growth rate,Chasing the developed economy,But in the process of catching up,Its growth rate will also slow down and close to the growth rate of developed countries。If the management is proper,population surge、Large -scale infrastructure construction and other investment may promote Bet365 app download economic growth。But in the long run,Only by innovation -driven productivity growth can we promote economic development。The growth of developed economies of OECD is relatively stable,It is relatively low at the same time,Because most economies are facing the age of population,The contribution of capital accumulation to growth is not much,The main factor that determines its growth is still an innovative -driven productivity growth。

Morna told reporters,China has passed the population increase period,And successfully harvested the demographic dividend through creating a large number of employment opportunities and increasing population skills。other,Large -scale infrastructure construction has also promoted economic growth。Although compared with the developed economy,China's capital stock is still relatively low,But investment may still be an important driving force for economic growth in the next few years。She added,Investment demand is mainly related to green transformation,But it also needs to be upgraded to underground infrastructure,Play more suburban railways。

Morna analyzes the pressure in China currently。She said,For more than ten years,The proportion of the Chinese labor -appleenable population is declining whether the absolute number or the total population accounts for the total population,This trend is difficult to curb,Not to mention reversal。other,The impact of population aging is very obvious,This means that growth is facing pressure。In fact,From 2050-2060,China's per capita income will be the same as that of the Economic Economy Economy,The growth rate is also the same,will gradually reach a level similar to developed economies。

but,China's economy is stable and good、Long -term good fundamentals will bet365 live casino games not change,Morna said,Although facing such pressure,China still has a lot of space and potential in obtaining reform dividends。Reform dividend refers to the promotion of structural reform on potential economic growth,It will improve economic efficiency,Improve growth potential,So as per capita income moves closer to developed economies,Slow down the downward speed caused by aging and economic convergence。Through the implementation of further reform,China can not only offset the impact of rapid aging population,It can also maintain a longer growth time。other,If China can convert continuous innovation into a practical improvement of productivity,can also continue to maintain growth。

Morna further explained the measures that can be taken,From the perspective of improving corporate vitality,She believes in the background of high -quality development,Chinese companies need to improve efficiency and promote sustainable development,Increase innovation、Improve corporate governance。At the same time,The government also needs to create an environment that is conducive to innovation and entrepreneurs,Eliminies that do not have the ability to survive,Promoting resource resignation。Morna Suggestion,It can gradually break the administrative monopoly,To increase the competitive pressure of the service industry。She thinks,Administrative monopoly is usually manifested as local protectionist,Existing in market access、Price Control、Government procurement and other aspects,greatly damaged competition,It is not conducive to improving economic efficiency。Measted at the price rate,The competition in China's manufacturing industry is more intense,But the situation of the service industry is not like this。bet365 Play online games Another,She also recommends strengthening consumer protection,This is also one of the sources of competitive pressure; improving the efficiency of financial resources can effectively improve the overall economic benefits; strengthen social security,Reduce preventive savings motivation、Promoting consumption,Then increase the demand for goods and services。

  China has conditions to avoid "secondary income traps"

Some Western media are compared with China and Japan,It is believed that the situation of continued economic downturn in Japan after the 1990s will also occur in China。Morna said,One of the reasons for the slowdown in the economic growth of Japan is the aging population,So when this phenomenon appears in China now,Some Western media infer that China will be like the Japanese economy in the future,The growth rate declines all the way。

For this,Morna thinks,It is necessary to point out the key differences in the development stage of the two countries。On the one hand,Dortuction in the real estate bubble、When the economy falls into a low -growth and tighten downward spiral,Japan is already a highly developed economy。Comparison of comparison,China belongs to the middle income to the country,There is still a lot of room for development。On the other hand,The situation of real estate prosperity between the two countries、The scale of the foam and the degree of destruction are very different,This is largely because the economic system and institutional environment of the two countries are large。

There is actual evidence to indicate,Before entering aging, it has become a country of developed economies,Compared with the first 10 years after entering the aging of the population,The economic growth rate has decreased slightly,but not wealthy first old、The economic growth bet365 live casino games rate of the country in the stage of catching up and development is still increasing after entering the aging of the population。When analyzing the data of Chinese provinces and cities in China,The result is the same。Enter the provinces and cities earlier in aging society,Its economic growth rate has not decreased,This is completely opposite to people's usual impression。

Morna said,State in a similar development level,One of the main issues of attention also includes avoiding falling into the "middle income trap"。"Secondary Income Trap" refers to a country or region after entering the middle income level,Due to unstable economic growth、The gap between income is too large、Innovative insufficiency and other reasons cannot achieve economic transformation smoothly,The state of insufficient economic growth or even stagnation。Morna said,The window of the opportunity is very narrow,Therefore, it is necessary to make full use of。Morna and others conducted a comparative study,results show,China is one of the countries that are the most conditional to avoid "medium income traps",Because compared with a country similar to the level of income,China's capital stock is relatively large,Labor has been well educated,And pay more attention to innovation。

  Improve the conversion rate of innovation results

Morna said,From the long run,,Only when productivity growth can be effective、Continuously promoting economic growth,The main driving force of productivity growth is innovation。China's innovative achievements are remarkable in many aspects,,The same important is their impact on China's economic growth。The utilization rate and commercialization of innovation results,This goal can be achieved。

Morna emphasizes the importance of innovation,She believes that the growth of productivity driven by innovation can bet365 live casino games better promote economic development。Innovation is the main driving force for productivity growth,In China,This has been fully recognized。China attaches great importance to innovation and investment。As of the end of 2023,China (excluding Hong Kong, Macao and Taiwan) invention patent ownership is 4.015 million pieces,increased by 22.4%year -on -year,China has become the first country in the world to exceed 4 million pieces of valid invention patents。

A study of Morna shows,China has surpassed the United States in patent applications,Become the leader of the world。However, what needs to be noted is,These impressive innovation results have not been converted into a strong productivity growth。Morna thinks,The reason for the decoupling of intellectual property rights and productivity may be the problem of quality and correlation。Although the number of patents soared,But the number of inventions is insufficient。For example,Only a small part of the patent is the invention patent,represents the real innovation achievement,and most patents are practical new patents,Is a improvement of existing technology。The degree of commercialization of patents is relatively limited,Especially those patents registered by universities or research institutions are even more like this,This highlights related problems。So,Morna thinks,Need to improve patent -related incentive systems,Further encourage the use of patents,instead of focusing on patent registration。

In addition,Morna also mentioned,Digitalization is an effective way to increase China's long -term growth potential。China has a high -quality and wide coverage digital infrastructure、Top Big Data Expert、A large number of youth technical talents with professional knowledge background、The increasingly bet365 live casino games complete digital related system,All provide a full basis for the digital transformation of China。Specific to the business field,Morna said,China has always been a leader in the field of business digital,E -commerce is booming,This demand -oriented innovation can significantly increase productivity and promote economic growth。

Editor in charge: Zhang Jing
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