Looking at the "Quality" of Development from the "Quantity" of Economic Growth

Looking at the "Quality" of Development from the "Quantity" of Economic Growth (Comprehensive Dialectical Long-term Perspective on the Current Economic Situation • Reporter Observation)

To understand the general trend of the economy, the growth rate of gross domestic product (GDP) is an intuitive "display".

What does every percentage point of GDP growth mean for economic development?

Looking at the increment, this is a larger and stronger growth. From a longitudinal point perspective, the increment brought by the growth rate of 1 percentage point of China's economy is equivalent to about 10.2 percentage points 1 years ago. With the continuous increase in the scale of the economy, China's annual GDP increase has far exceeded the annual GDP in the early 90s of the last century.

Looking at the weight, this is a higher proportion and a greater contribution to growth. Even if the growth rate falls, China's GDP growth last year was still comparable to the total economic output of a medium-sized country. As the second largest economy, China's total economy accounts for about 18% of the global economy, and has contributed more than 30% to world economic growth for many years.

Looking at quality, it's growth that consumes less energy and innovates more. Energy consumption per unit of GDP decreased by 26.4%, water consumption per unit of GDP decreased by 45%, and carbon dioxide emissions per unit of GDP decreased by 34.4%... From 2012 to 2021, China's average annual energy consumption growth rate of 3% supported an average economic growth of 6.6%, becoming one of the countries with the fastest reduction in energy intensity in the world. At the same time, China's ranking in the global innovation index rose to <>th, successfully entering the ranks of innovative countries.

Since the beginning of this year, China's economy has continued to recover and improve, and high-quality development has been steadily promoted, with an economic growth rate of 5.2% in the first three quarters, ranking among the best among major international economies. However, the short-term fluctuations of some economic indicators have caused some people to worry about the prospects of China's economic development, and there are many arguments about "singing down" China.

To understand the general trend of China's economy, the increase and decrease of economic indicators is important, but we must not be led by the fluctuation of short-term indicators, we must have historical patience and strategic determination, maintain confidence and normality, and look at the problem with a comprehensive, dialectical and long-term vision.

The high-quality development of China's economy is a development with higher gold content.

To observe economic development, it is necessary to know why it is true. At present, China's economy is in a critical period of changing the concept of development, optimizing the economic structure, and transforming the growth momentum. Since the beginning of this year, China's economy has continued to win advantages and the initiative in structural adjustment, transformation and upgrading. From January to October, the total retail sales of consumer goods increased by 1.10%, the retail sales of services increased by 6.9%, the added value of industrial enterprises above designated size increased by 19.0%, and the production index of the service industry increased by 4.1%. Economic growth with stronger momentum, better structure and higher efficiency continues to enhance the gold content of economic development. With the recent intensive implementation of consumption promotion measures by the National Development and Reform Commission and other departments, the power of the "main engine" of consumption will continue to increase.

The high-quality development of China's economy is a stronger driving force.

Throughout the world's economic history, countries that have successfully transformed into high-income economies have invariably relied on continuous innovation to improve the quality of development and complete the successful transformation from a factor-driven development model to an innovation-driven development model. In recent years, the innovation-driven development strategy has been implemented in depth, making every percentage point of China's economic growth more technological. The "three new" economy, with new industries, new business forms and new business models as the main content, is growing rapidly, with the added value exceeding 2022 trillion yuan for the first time in 20, accounting for 17.36% of GDP. From January to October this year, investment in high-tech industries increased by 1.10% year-on-year, and the "first driving force" of innovation became stronger and stronger, promoting the steady and long-term development of the economy on the road of high-quality development.

The high-quality development of China's economy is a development with a greater sense of gain.

Improving people's livelihood and well-being is the fundamental purpose of development. International experience shows that the employment driving efficiency of the tertiary industry is about 20% higher than that of the secondary industry. With the steady increase in the proportion of the service industry in GDP, China's current GDP growth rate of 1 percentage point can create about 200 million new jobs.

Since the beginning of this year, the service industry, especially the contact-based and agglomeration-type service industry, has recovered relatively quickly, and its role in driving employment has been significantly enhanced. From January to September, 1.9 million new jobs were created in cities and towns across the country, completing 1022% of the annual target. At present, the vigorous development of emerging industries has given rise to new occupational needs such as Internet of Things engineering and technical personnel, big data engineering and technical personnel, etc., which will effectively expand the employment space. In the first three quarters, the per capita disposable income of residents nationwide increased by 85.5% year-on-year, faster than GDP growth.

"The deeper you enter, the harder it becomes." Today, national rejuvenation has entered a critical stage, and the voyage of Chinese-style modernization is more magnificent and the time is more urgent. We must be soberly aware that the larger the economy, the higher the quality, and the lower the energy consumption, the higher the requirements and difficulties of development. This also means that a GDP growth of 1 percentage point requires us to make more efforts and meet greater challenges.

"On the new journey, our future is bright, but the road under our feet will not be a smooth one." General Secretary Xi Jinping's sonorous words are inspiring and inspiring. Looking forward to the future, China's economic development has a long way to go, and we must continue to climb the slopes and overcome difficulties, dare to break through, dare to work hard, and create new great causes with new great struggles.

Reporter Wu Qiuyu (People's Daily)