(Two Sessions Express) Lin Yifu: In the new economic field, China has the opportunity to change lanes and overtake and lead the world

　　China News Agency, Beijing, March 7th. Lin Yifu, member of the National Committee of the Chinese People's Political Consultative Conference and dean of the Institute of New Structural Economics of Peking University, said in Beijing on the 7th that in new economic fields such as new energy, big data, artificial intelligence, and life sciences, China has the ability to change. Opportunities to overtake and lead the world.

　　When Lin Yifu delivered a speech at the Second Plenary Session of the First Session of the Fourteenth National Committee of the Chinese People's Political Consultative Conference, he said that looking to the future, China has five major advantages in innovation and development.

　　One is the latecomer advantage.

Justin Yifu Lin said that as a developing country, in addition to original innovation, China also has the latecomer advantage of introducing, digesting, absorbing, and re-innovating as sources of innovation.

　　Calculated in terms of purchasing power parity, China's per capita GDP in 2019 was 22.6% of that of the United States, equivalent to the level of Germany in 1946, Japan in 1956, and South Korea in 1985 compared with the United States.

In these three countries, the per capita GDP has maintained an average annual growth rate of more than 8% for 16 years.

In 2021, the total value of China's imported manufacturing products will be as high as 1.7 trillion US dollars. There is huge room for taking advantage of the advantages of latecomers to carry out technological innovation, implement import substitution and switch to export.

　　The second is the advantage of changing lanes and overtaking.

In new economic fields such as new energy, big data, artificial intelligence, and life sciences, China stands on the same starting line as developed countries. Relying on a large number of human resources, a large domestic market, and a complete set of industrial facilities, China has advantages that Germany, Japan, and South Korea did not have. Opportunities to overtake and lead the world.

　　The third is the advantage of the new nationwide system.

Some technologies that may be "stuck" can be breakthroughs through the new nationwide system.

　　The fourth is the advantage of population quality dividend.

As the proportion of China's population with higher education continues to rise, the population quality dividend will continue to be released.

　　Fifth, the super-large-scale domestic market advantage.

This comprehensively developed ultra-large-scale domestic market has become an important foundation for the high-quality development of the Chinese economy.

　　Justin Yifu Lin also made suggestions on promoting the effective improvement of the economy and the reasonable growth of the quantity.

The content includes coordinating the work of relevant departments in the whole process to avoid the fallacy of policy synthesis; insisting on the status of enterprises as the main body to take advantage of the advantages of latecomers and changing lanes and overtaking opportunities, and the leading role of the government in organizing a new nationwide system; further tapping talent-based labor resources We will improve the ability to match supply and demand in the human capital market, and fully promote the transformation of the demographic dividend into a quality dividend.

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