Ensuring the stability and smooth flow of the national economic cycle of the industrial supply chain (authoritative interview)
——Interview with Liu Wei, President of Renmin University of China
This year, the Party Central Committee with Comrade Xi Jinping at the core has repeatedly deployed related work to improve the stability and competitiveness of the industrial supply chain.
What is the significance of ensuring the stability of the industrial chain and supply chain to China's current economic development?
How to continue to ensure the stability of the industrial supply chain?
The reporter interviewed Liu Wei, president of Renmin University of China.
Ensuring the stability of the industrial chain and supply chain is the foundation for a smooth circulation of the national economy, as well as the need to deal with crises and long-term development
Reporter: Why do we include the "six guarantees" task of "guaranteeing the stability of the industrial chain and supply chain"? What is the significance of ensuring the stability of the industrial chain and supply chain to China's current economic development?
Liu Wei: Doing a good job in the "six stability" work and fulfilling the tasks of the "six guarantees" is the main focus of the work of adhering to stability while pursuing progress and realizing economic and social development under the premise of normalization of epidemic prevention and control.
Ensuring the stability of the industrial chain and supply chain is an important part of the "six guarantees" mission.
To ensure the stability of the industrial chain supply chain is to ensure the smooth operation of the industrial chain supply chain.
From a vertical perspective, it is necessary to ensure the smooth flow of production, distribution, circulation, consumption and other links; from a horizontal perspective, it is necessary to ensure the smooth flow between industries, regions, supply and demand.
Ensuring the stability of the supply chain of the industrial chain is the bottom line thinking that must be established in response to the crisis and challenges.
The world today is undergoing major changes unseen in a century, and bottom line thinking must be strengthened.
The bottom line of economic operation is the continuous supply chain of the industrial chain and the non-stop national economic cycle.
Ensuring the stability of the industrial chain and supply chain is an inevitable requirement for the Chinese economy to shift to high-quality development.
In 2019, China's GDP was close to 100 trillion yuan, and its per capita GDP exceeded US$10,000.
But at the same time, it is also facing problems such as the continuous deepening of the "three-phase superposition" impact, the slowdown of economic growth, and the impact of the new crown pneumonia epidemic.
We must implement the new development concept and realize the transition from high-speed growth to high-quality development.
The requirement for high-quality development has shifted from relying mainly on the expansion of factor input to relying mainly on efficiency. It is an inevitable requirement to improve production efficiency to ensure the stability and smooth flow of the industrial supply chain.
Therefore, whether it is dealing with crises or long-term development, it is necessary to maintain the stability of the industrial chain and supply chain.
General Secretary Xi Jinping pointed out that the construction of a new development pattern should be based on the smooth circulation of the national economy.
Ensuring the stability of the supply chain of the industrial chain is the basis for the smooth circulation of the national economy and the basis for the formation of a new development pattern in which the domestic and international double cycles are the mainstay and the domestic and international double cycles promote each other.
It is not an isolated technical issue, but an indispensable part of reshaping the advantages of my country's economic development.
To ensure the stability of the supply chain of the industrial chain, China has the advantage of "time, place and people"
Reporter: At present, the coordinated resumption of work and production in my country's industrial supply chain is in good condition.
What are our advantages in consolidating and expanding this achievement?
Liu Wei: The nationwide fight against the epidemic has achieved significant strategic results, and the economic development has shown a stable and improved trend, and it is at the forefront of the world in epidemic prevention and control and economic recovery.
This shows that China's industrial supply chain has strong resilience, and China's economy can be more based on the domestic market to recycle.
We have every reason to believe that China can continue to maintain the stability of the industrial chain and supply chain and promote the smooth circulation of the national economy.
Confidence comes from the "time"-China's economy is still developing in the "youth" period.
On the one hand, my country is in a stage of rapid and in-depth development of new industrialization, informatization, urbanization, and agricultural modernization. At the end of last year, the urbanization rate of the permanent population has exceeded 60%, and the proportion of agricultural labor employment has dropped from more than 70% in the early stage of reform and opening up to the current 30%. % Below, the modern service industry supported by modern information technology has grown significantly.
On the other hand, my country is still a developing country, and there is still much room and potential for development.
We have set a goal to achieve per capita GDP reaching the level of moderately developed countries by the middle of the 21st century.
All this shows that China's economy is still in the "young period" with a strong ability to fight back.
Confidence comes from "location"-China's economy is an ocean, with large space and easy mobility.
Looking at domestic demand, in 2019, the total domestic investment in fixed assets was 55 trillion yuan, and the total retail sales of consumer goods nationwide exceeded 41 trillion yuan.
Looking at the potential, China has a vast territory, and the development of regions and urban and rural areas are quite different. This is the shortcoming and the potential.
The development speed of the eastern region has slowed down, and the development speed of the central and western regions has caught up. The stamina for sustained growth is strong and the cycle is long.
The area is wide, and the space to move is also large.
During the epidemic prevention and control period, more than 1,000 counties in my country have not experienced an epidemic, which has played a significant role in the restoration of my country's industrial supply chain and economic order.
China's economy is a big country economy with the characteristics of "two 80%": 80% of production factors such as labor, capital, raw materials, and energy are supplied domestically; 80% of output is sold in the domestic market.
As General Secretary Xi Jinping pointed out, "China's economy is an ocean, not a small pond." "Squally storms can overwhelm small ponds, but not the ocean." Since 2008, the contribution rate of domestic demand to economic growth With more than 100% in 7 years, China is capable of realizing the main domestic cycle.
Confidence comes from "people and harmony"-China's basic economic system has strong advantages, counter-cyclical and strong ability to resist crises.
The socialist market economic system combines the superiority of the socialist system with the effectiveness of market allocation of resources.
During the Asian financial crisis in 1998, China took the lead in stepping out of the shadow through macro-control and based on expanding domestic demand, and made a solemn commitment to the world not to devalue the renminbi.
During the 2008 international financial crisis, China's economy still maintained a strong growth rate of 9.6%, and the growth rate in 2010 broke through double digits.
All this shows that China's basic economic system can effectively coordinate the "two hands" of the government and the market, and has a strong ability to resist crises and counter-cyclical adjustments.
Relying on technological innovation and institutional innovation to promote steady progress in the supply chain of the industrial chain
Reporter: The current world economic instability is on the rise, and my country's development tasks are arduous. How to maintain the stability of the industrial chain and supply chain while enhancing its competitiveness?
Liu Wei: Under the current circumstances, the development of the industrial chain supply chain "does not advance or retreat".
Stabilize the chain and at the same time strengthen the chain extension to promote structural upgrading.
To achieve steady progress in the development of the industrial supply chain, we must rely on innovation.
Rely on technological innovation to accelerate breakthroughs in core technologies in key areas.
Only when key areas are not "stuck" can we establish an industrial chain supply chain that is not controlled by others and smooth the domestic cycle.
Rely on institutional innovation to accelerate the construction of a modern economic system.
It is necessary to form an orderly competitive, unified and open market so that the market can play a decisive role in the allocation of resources and give better play to the role of the government.
We must adhere to the supply-side structural reform as the main line, while continuously expanding and improving the level of opening up.
China's total economy accounts for more than 16% of the world economy, and its contribution to world economic growth is about 30%.
During the epidemic prevention and control period, my country has made active contributions to maintaining the stability of the global industrial chain and supply chain.
Through innovation, while maintaining the stability of the industrial chain and supply chain, we must move towards the high-end and provide strong support for the mutual promotion of domestic and international dual cycles.
Our reporter Zhao Zhanhui