Xi Jinping Leads China's Economy to "New", "High" and "Degree"

Taking economic construction as the center is the key to rejuvenating the country, and development is the foundation and key to solving all problems in our country.

 

Four years ago today, General Secretary Xi Jinping put forward a major conclusion that China's economy has entered a new normal based on the phased characteristics of China's economic development.

 

In the past four years, under the guidance of the strategic thinking of the new normal, my country's economy has taken supply-side structural reforms as the main line, from high-speed growth to "high-quality development", and has handed over a beautiful report card: the economy has grown at an average annual rate of 7.2%, ranking among the best among major countries in the world; the contribution rate of economic growth to global economic growth exceeds 30%, ranking first in the world; the demand structure is "consumption over investment", the industrial structure is "tertiary production over secondary production", and the economic structure is constantly optimized.

 

This major strategic judgment and deployment made by Xi Jinping on China's economic development not only led the economic development in the past four years, but also pointed out the direction for future development and guided China's economy to a "new" high "degree".

 

"New" Normal Maintaining Steady and Progressive

"The new normal will bring new development opportunities to China."

 

From May 9 to 10, 2014, Xi Jinping inspected work in Henan Province. (Image from: Xinhua)

 

On May 10, 2014, Xi Jinping pointed out during an inspection in Henan that my country's development is still in a period of important strategic opportunities. We must increase our confidence, proceed from the current stage characteristics of my country's economic development, adapt to the new normal, and maintain a strategic normal mentality. This is the first time the term "new normal" has appeared in public view. On June 13 of the same year, Xi Jinping appeared for the first time as the leader of the Central Finance and Economics Leading Group, made precise decisions, and took the helm of China's economic giant ship in the global economic cold current of the wind and waves.

 

Since then, Xi Jinping has repeatedly emphasized the term "new normal" at important meetings of the central government and international conferences, and has made a profound analysis and elaboration on how to understand the new normal, adapt to the new normal, and lead the new normal.

 

Xi Jinping summed up the three characteristics of China's new economic normal: speed-"from high-speed growth to medium-high-speed growth", structure-"continuous optimization and upgrading of economic structure", power-"from factor-driven, investment-driven to innovation-driven".

 

Under the new normal, China's economy is gradually evolving to a stage of more advanced form, more complex division of labor and more reasonable structure.

 

"What do you think of the new normal?" "How do you do it?" "How do you do it?"

 

The first is to "stabilize": implement the general tone of the work of seeking progress while maintaining stability, grasp the balance, grasp the opportunity, and grasp the degree; the second is to "new": guided by the new development concept, stimulate market vitality and social creativity, The new momentum continues to increase; the third is to "excellence": take the supply-side structural reform as the main line, optimize the economic structure, and improve the coordination of development.

 

From 2013 to 2017, China's economic operation remained within a reasonable range. In 2017, China's total GDP reached 82.7 trillion billion yuan, accounting for about 15% of the world economy. China's economy grew by 6.8 percent in the first quarter of 2018. Compared with the world's major economies, China's economic leadership has not changed.

Since the 18th National Congress of the Communist Party of China, in the face of the external environment of weak world economic recovery, frequent local conflicts and turbulence, and intensified global problems, the Party Central Committee with Comrade Xi Jinping at the core has used its grand strategic vision, huge political responsibility and superb driving. Ability has initiated a profound change that has completely changed China's economic development mode, enabled my country's economy to maintain steady growth, and significantly improved its overall national strength.

 

 

"High" Quality Construction Quality Power

On October 18, 2017, Xi Jinping delivered a report at the 19th National Congress of the Communist Party of China. (Image from: Xinhua)

 

Socialism with Chinese characteristics has entered a new era. Xi Jinping pointed out that "the main contradiction in our society has been transformed into a contradiction between the people's growing need for a better life and unbalanced and inadequate development."

 

Economic development has also entered a new era. The basic feature is that my country's economy has shifted from a stage of high-speed growth to a stage of high-quality development. "Quality power" and "quality first" were written into the report of the 19th National Congress of the Communist Party of China, which fully reflects the great attention of the Party Central Committee to quality work.

It is undoubtedly an important starting point to solve the problem of unbalanced and inadequate development, improve quality supply and improve quality level.

 

As we all know, China is a veritable manufacturing country, and the manufacturing industry accounts for 1/4 of the world's manufacturing industry. "High quantity and low quality" has always been a major pain point made in China.

In order to realize the transformation from "Made in China" to "Created in China", "Chinese speed" to "Chinese quality", and "manufacturing power" to "manufacturing power", it is imperative to promote high-quality economic development.

 

Xi Jinping has repeatedly stressed the need to speed up the transformation of new and old kinetic energy, and realize the early realization of the cage for birds and the Phoenix Nirvana.

 

Under the guidance of Xi Jinping's socialist economic thought with Chinese characteristics in the new era, China's manufacturing industry has accelerated its transformation and upgrading. While the new kinetic energy continues to grow and develop, the traditional manufacturing industry accelerates the transformation, and the production capacity of high-energy-consuming industries is reduced in an orderly manner. In 2017, industrial capacity utilization reached 77.0 percent, up 1.2 percentage points from 2013.

 

At the same time, my country's traditional industries have been further optimized and upgraded, strategic emerging industries have developed rapidly, and new economic drivers such as new industries, new formats, and new entities represented by the Internet, big data, and cloud computing have nurtured and grown. China's economy is Accelerate transformation and development.

The ultimate goal of promoting high-quality development is to meet the people's growing needs for a better life. We must adhere to the idea of people-centered development.

Recently, various provinces have successively announced the performance report of the national economy in the first quarter of 2018. The GDP growth rate of 18 provinces has outperformed the national growth rate, and the per capita disposable income of the national residents has continued to increase in the first quarter. In the course of development, all localities adhere to the requirements of high-quality development, and the economic operation has gradually shifted to a higher development stage of structural upgrading and optimization and improvement of quality and efficiency, which also provides a strong guarantee for the growth of residents' income.

 

openness "degree" to promote economic globalization

On April 10, 2018, Xi Jinping attended the Boao Forum for Asia Annual Conference 2018 and delivered a keynote speech. (Image from: Xinhua)

 

"The history of the development of human society tells us that openness brings progress, while closure inevitably leads to backwardness."

At the opening ceremony of the 2018 annual meeting of the Boao Forum for Asia, Xi Jinping declared loudly, "the door of China's opening up will not be closed, but will only open wider and wider. This is a strategic choice made by China based on the needs of development, and it is also a practical action to promote economic globalization for the benefit of people all over the world. "It shows China's determination to persist in reform and opening up.

 

As a firm supporter, promoter and builder of economic globalization, China has been injecting new impetus into economic globalization.

At present, China is the world's second largest economy and the largest industrial country, with a vast market space of nearly 1.4 billion people, of which the middle-income group is the largest in the world; China's average contribution rate to world economic growth in the past five years has exceeded that of the United States, the euro zone and Japan combined, ranking first in the world.

 

An open China is undoubtedly the source of global economic growth. It can provide good market opportunities and investment opportunities for all countries, create a large number of employment opportunities, and is the "ballast stone" and "anchor" of the global economy ".

Since the beginning of this year, China has successively introduced policies to increase opening up: further expand the opening up of the banking and insurance industries; revise and relax the negative list of foreign investment, and gradually expand from the free trade zone to the whole country; fully liberalize the general manufacturing industry, relax and cancel Foreign ownership ratio or business scope; copy and promote the experience of free trade zones, explore the construction of free trade ports; will reduce automobile import tariffs considerably, at the same time, import tariffs on some other products will be reduced.

 

Today, China's overall tariff level has dropped from 15.3 per cent at the time of its accession to the WTO to 9.8 per cent, meeting and exceeding the WTO's requirements for developing member countries. The actual tariff level is close to that of developed countries.

 

Xi Jinping emphasized that it is necessary to promote full opening with a broader vision, higher goals and requirements, and more powerful measures. A new pattern of opening up that takes into account the overall situation at home and abroad, focuses on the construction of the "Belt and Road", and emphasizes both "bringing in" and "going out" is taking shape.

 

Source: CCTV Network