Li Daokui: bet365 joining bonus code economy amid great changes
August 29, 2022 09:23 Source: "Chinese bet365 joining bonus code Sciences Journal" Issue 2480, August 29, 2022 Author: Li Daokui

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Li Daokui: born in 1963,PhD in Economics,Dean of the Institute of Chinese bet365 joining bonus code Thought and Practice, Tsinghua University,Member of the Standing Committee of the 13th CPPCC National Committee、Member of the bet365 joining bonus code Committee。

Li Daokui’s main research direction is government and market economics、China Economy、International Economics、bet365 joining bonus code development, etc.,Current co-editor-in-chief of the international journal Journal of Government and Economics。Representative works include bet365 joining bonus code Lessons from China’s Forty Years of Reform and Opening-up、"China's Economy under a Century of Change" "China's Experience: bet365 joining bonus code Summary of Forty Years of Reform and Opening Up" "China Plan 1.0》"The Future Path of China's Economy - China's Reference to the German Model", "Restart: China and the World in the New Reform Era", "Research on the Road to RMB Internationalization", "The Rise of Great Powers in Troubled Times", etc.。

Li Daokui has presided over the completion of major projects bet365 joining bonus code National Social Science Foundation、National Social Science Foundation commissioned projects and many other projects,The works and project results won the Ministry of Education’s Higher Education Institutions Scientific Research Outstanding Achievement Award、First Prize for Outstanding Achievements in Philosophy and Social Sciences、Second Prize, etc.。And won the Beijing Jinghua Award、National cultural celebrities and "four batches" talents、National New Century Hundred Thousand Talents Project and other honors。Li Daokui is a Changjiang Scholar Distinguished Professor,Enjoy special government allowances from the State Council。

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Participate in the "Academic China·2022" International Summit Forum,Feeling honored。Today,I would like to discuss the following issues with you - the role of bet365 joining bonus code economy in the great changes unseen in a century。

The world today is undergoing major changes unseen in a century,The fundamental change in the great changes is the evolution of the global economic landscape,After all, economics is politics、Diplomacy、The basis of military and other activities。An important feature of the economic aspect of the great changes unseen in a century is,The deepening bet365 joining bonus code over the past 70 years has shown a reversal trend,The most prominent manifestation is that after World War II, the United States, as the leader of bet365 joining bonus code, turned to trade protectionism。Former US President Trump initiated trade friction after taking office,Frequent withdrawal from multilateral trade treaties,Obstructing the normal operation of the WTO litigation mechanism。Since the Biden administration took office,While trying to reestablish America’s global leadership,But on the issue of bet365 joining bonus code, it basically continues the "America First" stance during the Trump era,Emphasis on improving domestic industrial competitiveness and ensuring supply chain security。In stark contrast to the United States,China has become a firm supporter of bet365 joining bonus code。General Secretary Xi Jinping at the Davos Forum、G20 Summit、Asia-Pacific Economic Cooperation (APEC) Summit、China’s firm position in defending bet365 joining bonus code has been repeatedly stated on many important international occasions such as the United Nations General Assembly,And by proposing the “One Belt, One Road” initiative、Proactively lower tariffs and foreign investment access thresholds、Holding the China International Import Expo、Joining the Regional Comprehensive Economic Partnership (RCEP) and a series of practical actions,Fulfill your promise,Proactively expand opening up,And led the creation of the Asian Infrastructure Investment Bank、Many new international organizations including the BRICS New Development Bank。This raises a question,Great changes in the world unseen in a century、In the context of the reversal of bet365 joining bonus code,What role will China play?For this reason, let’s do a simple analysis first。

First,We should realize that China’s economic development is a miracle in human economic history。In the past ten years or so, my team and I have reviewed central and local historical documents,Calculating the Northern Song Dynasty based on original data、Total amount of economic activities in the Ming and Qing dynasties,Discovered that China’s economy started from the Northern Song Dynasty,The proportion of the global economy is gradually increasing,It reached its peak in the late Ming Dynasty in 1600,34% of global GDP.6%,Gradually declining thereafter。When the second industrial revolution in Western countries is in full swing,China’s share of total global economic activity is falling off a cliff。Before reform and opening up,Accounting for 4 of the global total based on purchasing power parity.9%;After reform and opening up,China has boarded the express train of bet365 joining bonus code,Through domestic reform and opening up to the outside world,China’s GDP growth far exceeds the global average,Currently accounting for about 20% of global GDP。Therefore,The rise of China’s economy that we are witnessing today is the first in more than 400 years。Compare to Britain、United States、Germany、40 years of rapid economic growth in the history of Japan and other countries,It can be found from the increase in the proportion of the world economy,Over 40 years of reform and opening up,China has contributed the largest economic growth in human history,And this growth continues today。

Second,Reviewing the process of bet365 joining bonus code in history,Discovered several basic rules。The Institute of Chinese Economic Thought and Practice at Tsinghua University has launched a research project。We found,Globalization is essentially the process of the world economy transitioning from a closed equilibrium to an open equilibrium,This process is neither spontaneous,It is not driven by a single hegemonic country,It is the result of an interactive game among many participating entities。In order to move the world economy from a closed equilibrium to an open equilibrium,A country with global leadership is needed to drive implementation,Global leaders themselves must meet three conditions,Technical advantages、Market Advantage,And the advantages of the redistribution system。Technological advantage refers to the leader’s technological leadership in global advanced industries,Thus we can obtain excess monopoly profits through bet365 joining bonus code,This is a prerequisite for leaders to be willing to take the initiative to lead bet365 joining bonus code;Market advantage means that the leader’s home market is large enough,Thus being able to attract other countries to follow suit by opening up;The advantages of the redistribution system refer to the government’s ability to effectively balance the domestic benefit distribution issues brought about by bet365 joining bonus code,Thus forming the country’s overall political support for the process of bet365 joining bonus code,Ensure leaders can continue to lead bet365 joining bonus code。

Looking back at several rounds of globalization in history,Including the bet365 joining bonus code led by Britain in the mid-19th century and the bet365 joining bonus code led by the United States in the 20th century,All confirm these three basic conditions。After the Industrial Revolution, Britain occupied technological advantages in key areas such as the textile industry and steel industry;Colonies all over the world formed a unified market,Having market advantage;At the same time,The UK has also established a relatively complete social security system,Having the advantages of redistribution system。What we found,In the long period after World War II,The U.S. economy also has the technological advantages to become a global leader、Market advantages and redistribution system advantages。But today,The three basic conditions that support the United States as a leader in bet365 joining bonus code are gradually being lost。In the context of the rise of emerging markets represented by China,The relative size of the unified large domestic market in the United States is gradually shrinking;Many industries in the United States,In particular, the technological advantages and relative competitiveness of the real economy are also declining;At the same time,The political polarization and social divisions in the United States have also led to the decline in the redistribution capacity of its socioeconomic system。

 Third,China is becoming the leader of new bet365 joining bonus code。Since the 18th National Congress of the Communist Party of China,Chinese leaders have repeatedly stated China’s firm stance in defending bet365 joining bonus code on different international occasions,Proposed to “promote the construction of a community with a shared future for mankind”,“Promoting fairness in global development、Validity、Inclusive”。China’s economy is gradually meeting the three basic conditions to become a leader in bet365 joining bonus code。

First,China’s unified market is being formed and improved,The output and consumption of many major products in China have ranked first in the world。Secondly,China is developing rapidly in the high-tech field,In big data、Artificial Intelligence、Achieved leading advantages in subdivisions such as biotechnology and green energy,At the same time, China’s education system has trained a large number of engineering and technical personnel,Accumulated a certain degree of technological advantages to lead bet365 joining bonus code。Last,China has strong domestic redistribution capabilities,In the process of China’s participation in bet365 joining bonus code,Many areas、The industry has been greatly impacted,Through the government、The joint efforts of enterprises and workers,China’s economy has successfully coped with many challenges brought about by opening up,The income distribution system continues to improve,Initially possessing the redistribution system advantages of a leader in bet365 joining bonus code。Of course we have to see,In addition to the above three conditions,Since entering the new era, China has also proposed the “One Belt, One Road” initiative、"Double Carbon" goal、“A community with a shared future for mankind” and a series of international development initiatives or concepts that have attracted the world’s attention,Is being gradually accepted by various countries。There is reason to believe,China is becoming the leader of new bet365 joining bonus code。

Then,What aspects does China still need to continue to work on,Only in this way can we truly become the leader of the new bet365 joining bonus code?Essentially,To further unleash China’s huge potential in leading a new type of bet365 joining bonus code,China still needs to continue to work hard,In comprehensively deepening reforms、Under the premise of continuously laying a solid foundation,Gradually learn and adapt to the role of a leader in bet365 joining bonus code。Mainly manifested in the following aspects。

一,Compared with major developed countries,China’s independent innovation capabilities are relatively weak,In industries with long innovation chains and basic science fields, there are still many problems of "stuck" technology。Therefore,We should insist on the core position of scientific and technological innovation in China’s overall modernization drive,Increase R&D investment and talent training in key areas,Pass the reform bet365 joining bonus code scientific research system internally,Strengthening international exchanges and cooperation with foreign countries,Continuously improve my country’s independent innovation level。

 Second,China’s domestic market demand still needs to be further released,Currently, barriers to the free flow of factors in China still exist,Hindering the formation of a unified large market and the full release of domestic demand。Therefore,We should accelerate the construction of a new development pattern,Continue to expand the size bet365 joining bonus code middle-income group,Continuously release the potential of my country’s domestic consumer market。

Third,China’s redistribution system still contains huge reform dividends,We must accelerate the realization of the goal of common prosperity,Comprehensively deepen the reform of the redistribution system,Give full play to the important advantages of the socialist system with Chinese characteristics,Let all Chinese people benefit from development,Form a strong social consensus that supports bet365 joining bonus code。

 Fourth,China’s international soft power still needs to be improved,China’s participation in global governance has been relatively short,AIIB、Emerging international organizations such as the BRICS New Development Bank are also in their infancy。Therefore,China still needs to continue to accumulate experience in participating in global bet365 joining bonus code governance,Exploring ways and paths to negotiate with other countries,And cultivate a group of talents with international communication skills and experience in working in international organizations。

Finally,What fits today’s theme very well is,Social science research in China,Especially research related to economics,Need further internationalization,We must stand at the commanding heights of new bet365 joining bonus code to seriously study and respond to major issues in international economic development。The current main discipline system of economics was still formed during the last round of bet365 joining bonus code,It was still established under the leadership of Western scholars。In this regard,Chinese social science community must work hard,Have a humble and open mind,Exchange research with international colleagues,To promote the process of new bet365 joining bonus code led by China。

Editor: Cui Cen
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