[Ten-Year Strategy] How can China's economy achieve "high-quality development"?

　　China News Service, Beijing, September 30th,

　　Reporter Shi Rui Song Yusheng

　　"We must blindly pursue high speed regardless of the ideal conditions and violate the laws." On December 15, 2012, General Secretary Xi Jinping emphasized at the Central Economic Work Conference.

　　Fill up the fuel, keep the rudder steady, make every effort, and make extraordinary efforts to promote China's economy from high-speed growth to high-quality development in the new era.

In the past decade, "from quantitative expansion to qualitative improvement, from 'is there or not' to 'good or not'", has become a distinctive feature of China's economic development.

High-speed growth stage turns to high-quality development stage

　　Since the reform and opening up, China has created the miracle that a country's high-speed economic growth lasted the longest since the end of World War II. It has developed from a poor and poor country to the second largest economy in the world, and from a backward agricultural country to a manufacturing powerhouse.

　　However, as the total economic volume continues to increase, China has encountered a series of new situations and new problems in its development.

　　Turning the clock back to 2012, China's economic growth rate fell below 8% for the first time since the new century. Behind the rapid economic growth over the years, hidden worries have emerged: some localities and departments have problems such as one-sided pursuit of speed and scale, extensive development methods, etc. After the international financial crisis, the world economy continued to slump, and structural and institutional contradictions in the economy continued to accumulate, and the problems of unbalanced, uncoordinated and unsustainable development were prominent.

　　"Economic development faces a speed-shifting node, just like a person, who grows rapidly between the ages of 10 and 18, and slows down after the age of 18."

　　"A faster speed is a must, not an action." Achieving sustainable development and higher-level development by changing the mode of economic development is a necessary stage for middle-income countries to overcome the middle-income trap.

　　China's economy has shifted from a stage of high-speed growth to a stage of high-quality development. This is a major judgment made by the Central Committee of the Communist Party of China in the report of the 19th National Congress of the Communist Party of China on China's economic development in the new era.

　　"This is a process of phoenix nirvana. If we don't hurry up now, it will be more difficult to solve, the cost will be greater, and the consequences will be heavier. We must grit our teeth, climb this slope, and cross this hurdle." Xi Jinping pointed out the importance and necessity of China's economic transformation in the new era.

Leading high-quality development with new development concepts

　　General Secretary Xi Jinping emphasized that promoting high-quality development is the fundamental requirement for doing a good job in economic work.

High-quality development is the development that reflects the new development concept.

　　The hero cannot simply be regarded as the growth rate of GDP. We must achieve high-quality development in which innovation becomes the primary driving force, coordination becomes an endogenous feature, green becomes a common form, openness becomes the only way, and sharing becomes the fundamental purpose.

　　In the past ten years, the innovation-driven development strategy has been implemented in depth, and technological innovation has provided source supply for high-quality development.

The application of emerging technologies such as artificial intelligence, big data, blockchain, and quantum communication has accelerated, and new products and new formats such as smart terminals, telemedicine, and online education have been cultivated.

The scale of solar photovoltaic, wind power, new display, semiconductor lighting, advanced energy storage and other industries ranks among the top in the world.

　　In the past decade, China's economic development has become more balanced, coordinated and sustainable.

The ratio of per capita disposable income of urban and rural residents will shrink from 2.88 in 2012 to 2.50 in 2021, and the ratio of per capita consumption expenditure will shrink from 2.57 to 1.90.

The three major regions of Beijing-Tianjin-Hebei, the Yangtze River Delta, and the Pearl River Delta, as well as some important urban agglomerations, are becoming a new driving force for high-quality development across the country.

　　In the past ten years, the concept of "lucid waters and lush mountains are invaluable assets" has been deeply rooted in the hearts of the people.

Since 2012, China has supported an average annual economic growth of 6.6% with an average annual energy consumption growth rate of 3%, and its energy consumption intensity has dropped by 26.4%, which is equivalent to a reduction of 1.4 billion tons of standard coal.

　　In the past decade, the breadth and depth of China's opening to the outside world have been comprehensively expanded.

The share of commodity exports in the international market has risen from 11% to 15%, and the status of the largest country in trade in goods has been enhanced; the scale of foreign capital utilization has continued to expand; the number of free trade agreements signed abroad has increased from 10 to 19; The 21 pilot free trade zones and the Hainan Free Trade Port have created a series of new highlands and experimental fields for opening to the outside world, forming a new pattern of all-round and high-level opening to the outside world.

　　In the past ten years, the achievements of reform and development have benefited all the people more fairly and fairly.

In 2021, China will declare a complete victory in the battle against poverty and complete the arduous task of eradicating absolute poverty; the per capita disposable income of the national residents is 35,128 yuan, an increase of 18,618 yuan over 2012; the Engel coefficient of the national residents is 29.8%, a decrease of 3.2 compared with 2012. percent.

　　Whether it is "innovation-driven" or "ecological priority", it has become one of the many dimensions of China's high-quality development in the past decade. China is pushing for a new path and a new journey in promoting high-quality development.

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