Expanding domestic demand to cope with the restructuring of global bet365 voucher chains
March 08, 2023 09:26 Source: "Chinese bet365 voucher" March 8, 2023, Issue 2605 Author: Pan An

Since the 1980s,A new international division of labor system characterized by the division of labor in the bet365 voucher is gradually taking shape,After nearly 40 years of continuous development。2008 to present,Affected by the international financial crisis、China-US economic and trade friction、The impact of a series of international events such as the COVID-19 epidemic,The trend of bet365 voucher reconstruction is gradually emerging,It poses a serious challenge to many countries, including China, in their deep participation in the international division of labor。In the face of impacts such as the international financial crisis and the new coronavirus epidemic,The Party Central Committee has formulated targeted countermeasures around "expanding domestic demand"。How China responds to the restructuring of the bet365 voucher by expanding domestic demand deserves attention。

  The trend of restructuring the bet365 voucher is obvious

China is a firm supporter of the bet365 voucher division of labor system,Also a beneficiary who actively participates in the division of labor。According to statistics from the National Bureau of Statistics,From joining the WTO in 2001 to the outbreak of the international financial crisis in 2008,China’s total import and export of goods from 5096.USD 500 million increased to 25632.USD 600 million,The average annual growth rate is as high as 25.96%;Even since the global financial crisis,The average annual growth rate has shrunk from 2009 to 2020,But it also reaches 7.02%。The difference in the average annual growth rate of trade in goods between the two periods,Related to its own factors as the base of trade scale continues to expand,It is also closely related to the external environment of the restructuring of the bet365 voucher。Currently,The reconstruction of the bet365 voucher mainly shows localization、Regionalization、Diversification and other development trends,Many practical challenges to China’s industrial and even economic development。

First,bet365 voucher shrinks under the trend of localization,The reshoring of manufacturing industry hinders mid-to-high-end upgrades。One of the motivations for the reconstruction of the bet365 voucher is the demands from developed countries,The purpose includes solving the problem of internal industrial hollowing、Suppressing the development and rise of other developing countries, etc.。Take the United States as an example,After the outbreak of the international financial crisis in 2008,The U.S. government proposed a “re-industrialization” strategy,Through tax incentives、Improving infrastructure and other measures to attract the manufacturing industry to return;The "Chip and Science Act" and "Inflation Reduction Act" introduced in 2022, etc.,The goal is to attract the return of electric vehicle manufacturing,Involving local batteries、Core links such as chip manufacturing and vehicle production。The reshoring of advanced manufacturing industries vigorously promoted by developed countries,Undoubtedly breaking the original stable bet365 voucher division of labor system,Intentionally hindering the mid-to-high-end upgrading of manufacturing industries in developing countries such as China。

Secondly,Value chain expansion is limited under the trend of regionalization,The solidification of the division of labor model restricts the improvement of efficiency。Since joining the WTO,With the increase in participation in bet365 voucher division of labor and status,China becomes the United States、The third core country in the regional value chain after Germany。Among them,United States、Germany dominates North American value chain respectively、European value chain,China is the core of the Asian value chain。The three major regional value chains are difficult to replace in a short period of time,Will lead to the solidification of the division of labor model in the region,To a certain extent, it is not conducive to countries expanding their value chain division of labor outside the region,This will further affect the further improvement of division of labor efficiency。The actual scope of division of labor in the bet365 voucher is gradually shrinking,In addition, some countries frequently wield the big stick of sanctions,It is difficult to take advantage of the global pursuit of optimal production links,The problem of inefficient global resource allocation needs attention。

 Finally,Involution of division of labor in the value chain under the trend of diversification,Increased uncertainty in the industrial chain and supply chain。A major feature of the division of labor in the bet365 voucher is transnational division of labor and collaboration,“Broken links” caused by arbitrary division of labor are risks that have to be faced。For this,Need to ensure that more division of labor links are substitutable,Plus the comprehensive consideration of production costs,The phenomenon of involution of the division of labor in the value chain naturally occurs。The challenges caused by this include: 1,With the gradual loss of labor cost advantage,The low-end division of labor is facing structural adjustments in other developing countries。Part 2,Weaknesses in key core technologies,It may become an important bargaining chip for other countries to restrict some developing countries,The security of the industrial chain and supply chain will also be threatened。

  Clarify the theoretical connection between expanding domestic demand and restructuring the bet365 voucher

Facing the world’s greatest changes unseen in a century,China actively implements the strategy of expanding domestic demand to respond to external risks and challenges。December 14, 2022,"Outline of Strategic Plan for Expanding Domestic Demand (2022-2035)" is publicly released for the first time,Clearly put forward the main goals and key tasks of implementing the strategy of expanding domestic demand during the "14th Five-Year Plan" period。Next day,The National Development and Reform Commission issued the "Implementation Plan for the Strategy of Expanding Domestic Demand during the 14th Five-Year Plan",Further refined the implementation plan of the strategic plan。The Central Economic Work Conference held on December 15-16 of the same year,Put "focusing on expanding domestic demand" as the top priority when deploying economic work in 2023,Once again reflects the strategic importance of expanding domestic demand。Theoretically,There is a deep logical connection between expanding domestic demand and restructuring the bet365 voucher,Mainly reflected in the following two aspects。

On the one hand,The connection and unification of domestic value chains and international value chains under the new development pattern。The concept of "value chain" was first proposed by American scholar Michael Porter in 1985,Measuring product design from an enterprise perspective、Production、The whole process of value creation in sales and other links。Expand to macro perspective,When the production process is limited to a country,What is formed is a domestic value chain;When production expands to international division of labor,The international value chain is formed。From the perspective of the motivations for restructuring the bet365 voucher,Mainly due to changes in the external environment faced by China,The international value chain is more affected by exogenous impacts。Then,Under the new development pattern,Expanding domestic demand can smooth the domestic economic cycle,Promote effective division of labor in the domestic value chain;At the same time,Expanding domestic demand can also promote positive interaction between domestic and international dual cycles,Promote the coordination and circulation of domestic value chains and international value chains,Thus achieving the organic unity of the two。

On the other hand,The connection and unity of the demand side and supply side under the new development pattern。The report of the 20th National Congress of the Communist Party of China was submitted,It is necessary to organically combine the implementation of the strategy of expanding domestic demand with the deepening of supply-side structural reform,This was emphasized again at the 2022 Central Economic Work Conference。The key to implementing the strategy of expanding domestic demand is not only to strengthen demand-side management,It needs to be combined with supply-side structural reform。Interesting thing,The bet365 voucher is the concrete manifestation of the new development pattern of "dual circulation" on the supply side。So,Incentive measures taken to expand domestic demand,It will have an impact on the bet365 voucher,Implementation effects will also be affected by the restructuring of global value chains,Explanation that the demand side and supply side are unified under the "dual cycle"。

  Implementing the strategy of expanding domestic demand to cope with the restructuring of the bet365 voucher

From the perspective of theoretical connection,It is feasible to expand domestic demand to cope with the restructuring of the bet365 voucher,The strategy of expanding domestic demand implemented by China can improve the level of domestic circulation、Deepening supply-side structural reform、Efforts in three aspects to form a strong domestic market。

First,Relying on domestic demand to stimulate domestic circulation,Create a "gravity field" of global high-end element resources。The shrinkage of the bet365 voucher of traditional manufacturing,There will be no substantial threat to China in the short term,But the situation is very different for advanced manufacturing。The reshoring of manufacturing industries actively promoted by developed countries,Mainly for advanced manufacturing,What attracts backflow is high-end factor resources around the world。The key to China’s response is to enhance its “attraction” to high-end factor resources,Let him neither be able nor want to leave China,Even supporting more resources to enter China。At this time,The domestic cycle driven by domestic demand will provide continued impetus,Serving the mid-to-high-end upgrade of the manufacturing industry。The smooth domestic circulation also relies on the manufacturing development pattern of reasonable regional division of labor,The orderly transfer of domestic manufacturing is particularly important。According to the "Guiding Opinions on Promoting the Orderly Transfer of Manufacturing Industry" issued in 2022,China is promoting traditional manufacturing from the eastern region to the central and western regions、Gradient transfer in Northeast China。November 2022,In the latest list of 45 national advanced manufacturing clusters announced by the Ministry of Industry and Information Technology,There are 31 clusters located in Shanghai、Guangdong、Jiangsu、Zhejiang and other eastern regions。Therefore,The eastern region should take the lead in developing into the center of the "gravitational field",By cultivating the world’s advanced manufacturing clusters,Improve the ability to allocate global high-end factor resources。

Second,Deepen the supply-side structural reform to adapt to high-end demand,Proactively utilize global factors and market resources。Demand and supply are the two endogenous driving forces that drive market development,Expanding domestic demand and optimizing supply are important components of balancing the two major driving forces,Related to whether supply and demand can achieve a virtuous cycle。current,The domestic supply of mid- to high-end goods still cannot fully meet the people’s actual needs for a better life,Invisibly put forward higher requirements for deepening supply-side structural reform。A successful example is the advent of the domestic large aircraft C919。Since the establishment of COMAC in 2008,The world’s first aircraft will be delivered by 2022,In the past 14 years, C919 has witnessed the development process of continuous reconstruction of the bet365 voucher,It also shows China’s manufacturing strength in adapting to the trend of reconstruction。The C919 made in China is undoubtedly the result of cooperation in the division of labor in the bet365 voucher,Not only gathers many domestic high-tech product suppliers,Also got America、Germany、Assistance from French and other European and American suppliers。Now obtained from Thailand、Orders for over a thousand aircraft from more than 30 countries including Germany,Using global factors and market resources in a true sense。

 Third,Tap the potential of domestic demand to form a strong domestic market,Build an independent and controllable whole industry chain system。The global spread of the new coronavirus epidemic,Resulting in both international demand and domestic demand shrinking to varying degrees。With the optimization and adjustment of epidemic prevention and control measures,Shrinking domestic demand is recovering rapidly and orderly。A period in the future,China needs to seize the opportunity period of building a unified national market,Leverage on new urbanization construction,Use consumption promotion policies according to local conditions,Fully tap the potential of domestic demand,Leveraging the advantages of ultra-large market,Thus promoting the formation of a strong domestic market。Also,As a country with the most complete industrial categories in the world,China should also strengthen the domestic circulation driven by innovation,Relying on the “Belt and Road” regional bet365 voucher,Reduce technological dependence on Europe and the United States,Improve the independent controllability of the entire industry chain system。

  (This article is part of the National Social Science Fund general project “Research on the Impact and Countermeasures of bet365 voucher Restructuring on the Green Belt and Road Initiative” (22BGJ049)、National Statistical Science Research Key Project "Construction and Application Research of Measurement Index System for bet365 voucher Reconstruction" (2022LZ20) phased results)

(Author’s affiliation: School bet365 voucher, Zhongnan University bet365 voucher and Law)

Editor: Chen Jing
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