Six highlights of China's new economy
"China's new economy is changing quietly" and "China's huge economy is undergoing major transformation"... In the eyes of international observers, China's economy today is in a critical period of engine iteration and kinetic energy transformation
towards the end of the year, when people reviewed the dynamics of China's economic reform, they found that with the Chinese government accelerating the implementation of various reform and innovation measures, China's new economy has gradually entered a good situation and quietly emerged as an emerging force to hedge against downward pressure and protect the bottom, Six shining points transmitted for China's economic landscape...
[highlight 1: innovating governance ideas to promote self revolution]
new industries driven by the "new economy" are booming in China, and their vitality and energy are beyond imagination. The reason why this "new economy" can grow and expand in China is closely related to the ruling ideas and policy environment of continuous innovation and development
as Chinese leaders said at the G20 Antalya summit, strong endogenous momentum and strong policy guidance are an important source of China's economic confidence
a recent study by the Research Institute under McKinsey & company, an international consultancy, predicts that in the next few years, cutting-edge innovation will significantly change the overall growth composition of China's economy. How to realize this transformation depends largely on the ability of the government to promote self revolution and create a favorable policy environment. The economic achievements over the past few years have proved that Chinese policymakers have both "ambition" and "strength" in cultivating and supporting the new economy
the Third Plenary Session of the 18th Central Committee established the principle of making the market play a "decisive role" in resource allocation and giving better play to the role of the government. Since then, Chinese leaders have put forward the conclusion that China's economic development has entered a new normal. The 13th five year plan also puts forward the concept of "innovation, coordination, green, openness and sharing". A series of theoretical innovations have expanded the cognitive boundary of the whole China on economic and social development
[highlight 2: "Internet +" warming up economic form update]
2015 "double 11", the purchase scale reached 91.2 billion yuan in just 24 hours on Alibaba platform, which amazed the world. More than ten million stores, thousands of logistics companies and tens of millions of people are employed. The new economic pattern has brought huge economic and social benefits. As a new form of foreign trade, the development of cross-border e-commerce has gradually become a prairie fire. While injecting new vitality into China's foreign trade, it is also reshaping the global trade value chain
with the help of "Internet +" and other new economic engines, China's economic pattern is undergoing unprecedented new changes. According to the data, the scale of China's Internet consumer finance market reached 6billion yuan in 2013, and the transaction scale exceeded 15billion yuan in 2014, with a growth rate of more than 160%. It is expected that the overall market will exceed 100 billion yuan in 2017, with a growth rate of 94% in the next three years
Shen Ya, chairman and CEO of e-commerce vipshop, believes that with the upgrading of China's consumption structure, China's e-commerce development will be more open and diversified in the future. Thanks to the favorable environment created by the Chinese government, many e-commerce enterprises have won the historical opportunity to go abroad, open up the global supply chain and realize two-way circulation, giving Chinese enterprises the opportunity to plug in the wings of "Internet +" and grow into global competitors
promote the great development of e-commerce and other representative industries of China's new economy, bring "the first driving force" to the most creative young people in the whole society, and effectively stimulate the economic vitality. Some foreign media called the "Internet plus" advocated by the Chinese government in recent years as the "key" to open China's new economy
it can be said that the source of the next round of global economic growth must come from innovation. Which country can occupy the commanding heights of innovation and form the core competitiveness of new economic industries can take the lead in the next round of big growth. For China's economy, which is undergoing structural transformation and improving quality and efficiency, "Internet plus" is undoubtedly an important strategic starting point for building China's new global competitive advantage
[highlight 3: the old and new kinetic energy is converted into a bottom guard for growth]
for China's economy, the new and the old are not separated from each other, but interconnected and mutually promoted. As Premier Li Keqiang pointed out in an article in the economist last month, "structural reform is not only to find new growth points, but also to improve the competitiveness of traditional industries."
Smith, the founder of the UK investment consulting firm ecostreet, pointed out that the fate of the service industry is closely related to the manufacturing industry. With the continuous implementation and promotion of the "Internet +" and "made in China 2025" plans, China's "old economy" departments can be Phoenix Nirvana and make up for the new over time, and give birth to more production and service-oriented enterprises, injecting new impetus into China's economy
ouyangchao, deputy general manager of CSCEC Steel Structure Co., Ltd., has a deep understanding of this. He said: "traditional enterprises like us are showing new vitality. At present, the company has built a number of green building demonstration projects, laying the foundation for the integration of upstream and downstream associated enterprise resources and the formation of a new industrial chain. It can be said that new technologies have brought new demand and new value, greatly expanding the survival and development space of enterprises."
through the survival of the fittest, upgrading and iteration, weeding out the old and absorbing the new, China's economy is showing a new and enterprising atmosphere, showing great energy in stimulating growth, creating employment, driving innovation, boosting environmental protection and many other aspects. The booming trend of China's new economy deserves the praise and expectation of the world
[highlight 4: "mass entrepreneurship and innovation" pulsates vigorously to stimulate young people's motivation]
philosophers say that superb governance is not filling a bucket of water, but lighting a fire. In fact, the same should be true of the national macro policies that govern the new economy. The opinions on several policies and measures to vigorously promote mass entrepreneurship and innovation issued by the State Council in June this year has brought "the first driving force" to the most creative young people in the whole society. Nowadays, Chinese makers have mushroomed, and start-ups are competing for the best
zhangxiaojun, CEO of Shichen Information Technology Co., Ltd., is a post-80s grass-roots maker. His company's business is very "cool", focusing on virtual visual effect enhancement technology. He told: "now the entrepreneurial environment is good, the threshold is low, and the entrepreneurial atmosphere is strong. We have full confidence in pursuing a better future through entrepreneurship."
according to the latest report of the Asian Development Bank (ADB), in 2014, China's high-tech exports have surpassed Japan and become the first in Asia. Weishangjin, chief economist of ADB, said that UAVs, intelligence and even high-speed rail made in China have become competitive in the international market, and the number of enterprises engaged in high-tech manufacturing has increased from less than 10000 in 2000 to nearly 30000
on the basis of the Chinese government formulating innovation strategies and creating an innovation atmosphere, Chinese enterprises also regard innovation as the most important driving force for development. In the latest list of the world's top 50 most innovative enterprises released by Boston Consulting in early December, three Chinese enterprises were shortlisted, namely Tencent, Huawei and Lenovo. Andrewtaylor, the project leader, said: "the innovation speed of Chinese enterprises is increasing, and the proportion of small spring fatigue testing machines is also increasing."
[highlight 5: green wind is driving Peng to release new energy]
in recent years, China has intensified energy reform and vigorously developed green industries, hoping to help everyone. In the eyes of international observers, this will also become a force that can not be underestimated to drive China's economic growth in the future
Dr. sunqingyun, deputy director of the Sino US energy center of West Virginia University, told Xinhua that the Chinese government has taken measures to encourage the development of renewable energy and layout green industries, which is conducive to reducing pollution, protecting the environment and changing China's current energy structure, and has "great development prospects"
he believes that China has great potential in improving energy efficiency. Both enterprises and ordinary families have the potential to reduce energy consumption. Upgrading some old equipment with high energy consumption and improving its energy efficiency will create new investment opportunities and become a new growth point of China's economy
among those who are optimistic about green industry are Fergus green, who is seriously challenged by scholars from the London School of economics and political science, such as the obvious weakening of their late development advantage, the greatly reduced scope expansion space, and the squeeze of traditional profit space. He believes that China has formed an industry with strong growth and innovation in the field of wind and solar energy. He also firmly believes that vigorously developing clean energy and green economy will undoubtedly create more jobs for China in the future while controlling pollution and reducing carbon emissions
green quoted a research data from the Academy of social sciences as saying that by 2020, whether the emission control and efficient coal-fired power plants and suppliers will listen to the sound of various parts of the electronic tensile testing machine equipment with their ears will create more than 1million jobs for stable manufacturers, and more than 4million new jobs for renewable energy
[highlight 6: structural adjustment and gradual optimization of the new economy and the race against time]
recently, overseas media have quoted the latest data from the National Bureau of statistics. In November, the added value of China's high-tech industry increased by 10.3% year-on-year, 4.1 percentage points higher than that of industries above Designated Size. The actual use of foreign capital in high-tech services and manufacturing increased by 51.7% and 11.7% year-on-year respectively
BNP Paribas said in a research report that although some traditional economic sectors in China have been adjusted in recent years, China's e-commerce sales revenue is growing at an annual rate of more than 50%, while the average annual growth rate of film box office revenue is more than 40%, and new commercial and cultural industries are beginning to develop rapidly
guoshengxiang, President of the Australian Institute of innovative finance, said in an interview with Xinhua news agency that his eyes were fixed on the past. Obviously, he could not overview the overall picture of China's economy. He should see many new ideas of China's economy at present
LAN Ximeng, executive director of Hannas China, a human resources service organization, said: "many labor-intensive industries will move out of China, but the emergence of many innovative high-tech companies will eventually bring new jobs, thus making up for these vacancies. Some data show that China's industrial structure and employment market are undergoing gratifying changes, and the new economy is racing against time."
keen overseas observers see that China's new economy has opened a new era of consumption. Jonathanweitzer, senior partner of McKinsey & company, said: "we have seen real evidence that China's consumer economy is taking off." Stephen Roach, a senior researcher at Yale University and former chairman of Morgan Stanley Asia, believes that "the basic materials for building the world's largest consumption legend in the 21st century are now in place (in China)."
Copyright © 2011 JIN SHI