Media report

Reform and hard work, innovation leads the way
2014-11-10

The Chinese economy is at a critical stage in the transformation of the slope. The world economy is still in a difficult recovery period after the international financial crisis. In this international long-distance running of reshaping development advantages, how does the Chinese economy run well in 2017?


The two national conferences that have just concluded have issued clear policy information: Under the premise of insisting on the steady pursuit of the overall tone and ensuring a stable and healthy economic development, the first is to deepen the supply-side structural reform and release new kinetic energy for China's economic development; It is necessary to continue to implement the innovation-driven development strategy and lead the Chinese economy to a new height.


This is undoubtedly the two key points determining the future of China's economy.


This year, the supply-side structural reforms have moved from the “year of hard work” to the “year of deepening”. In the government work report, the "expected GDP growth of about 6.5%" and other expectations have highlighted the determination of "the chaotic clouds are still calm", leaving room for economic transformation and upgrading. In his answer to the reporter's question, Premier Li Keqiang’s commitment to “strive for trillions of yuan in tax cuts and reductions this year” means the continued exertion of supply-side structural reforms.


The main purpose of deepening reform is to stimulate market vitality. Whether it is “three to one, one reduction and one supplement”, or to promote the reform of state-owned enterprises and institutions, and encourage mass entrepreneurship to innovate, it is necessary to further clarify the responsibilities and boundaries of the government and the market, reduce excessive government intervention in resource allocation, and truly play the role of the market. The decisive role in resource allocation allows all types of market entities to survive in a level playing field and grow in the baptism of the survival of the fittest.


A very important aspect of deepening reform is to liberate the master of the "first productivity" of talent. "China has 170 million people with higher education and professional skills. This is the biggest strength of the Chinese economy. They can't be tired of filling out forms and calculating abacus all day long." This year's government work report first proposed, "Encourage big companies and research." Institutes and universities set up a special space for creating people, creating innovative tools for connecting research results and social enterprises. At present, some local and scientific research institutions in China are actively exploring various distribution methods such as project salary, talent part-time and salary, and breaking the “talent wall” between enterprises, which will be “double creation”. Injecting a steady stream of energy.


Another point in deepening the reform should be to further clear the obstacles, break the barriers of interest, and improve the quality of institutional supply. As emphasized in the government work report, it is necessary to further simplify tax reduction, relax access, encourage innovation, and further deepen a series of basic and key reforms such as finance, fiscal and taxation, state-owned assets, and property rights protection. Only in this way can the source of social wealth be fully flowed.


Regarding innovation, the government work report clearly stated that it is necessary to “change the production, management and marketing models of traditional industries with new technologies and new modes of business”. If the reform is to solve the problem of China's economic development, then innovation will determine the direction of China's economic transformation and upgrading.


Innovation is first and foremost a concept innovation. Innovative ideas must break through the stereotypes formed under the traditional economic development model, facing new technologies, facing new environments, facing new trends, facing new needs... in a nutshell, advancing with the times, with new ideas and new initiatives Explore new paths for economic development.


Innovation focuses on technology leadership. From the information transmitted by the representatives of the two associations, new technologies, new industries, and new kinetic energy based on artificial intelligence, cloud computing, big data, new materials, and modern biotechnology are important directions for transforming traditional industries and developing emerging industries. It is of strategic significance to promote the transformation of new and old kinetic energy and economic structure.


At the same time, support for "Internet +" and "+ Internet" must be further encouraged to promote the digitization of the real economy. Taking cross-border e-commerce as an example, tens of thousands of Chinese e-commerce companies are transforming into “multinational retail enterprises”. They not only drive and expand the export of products and services, but also become a living force for Chinese enterprises to “go global”.


Innovation needs to embrace new models. “Shared bicycles are indiscriminately affecting social order” “Internet bookings are accompanied by food safety hazards” “Internet finance brings convenience but increases financial risks”, etc. New technologies have spawned new business models, and new business models are meeting Demand and efficiency increase often bring new problems and challenges. For example, the network car and shared bicycles, while solving the problem of people's travel inconvenience, also let the relevant supervision and management departments face new issues. For such innovations, we should give enough inclusiveness to look at the problems in development from a development perspective, to manage innovation to support innovation in the new economic model, and not to "kill one stick."


"As the goal is self-discipline, and the execution is at the end." The transformation has problems, and the butterfly has pain. As long as China's economic giants insist on reform and innovation in two-wheel drive, they will be able to ride the wind and waves and sail to the other side of prosperity.


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