China's economic problems are not just economic problems, but the solutions go beyond the economy. Despite the upturn in economic data, the actual experience is not perceived;Despite a number of stimulus policies, the effect has been diminishing. The most important issue at the moment is the choice of direction, once the direction is chosen, the impact may last for decades or even twenty years. Without a new round of technological revolution or the rise of emerging industries, the impact on the economy will be even more far-reaching. First, there is the issue of transparency.
According to Caixin, the "National Court Judgment Database" will be launched in January 2024, a move to comply with the requirements under WTO rules, that is, to be open and transparent about laws, regulations, policies, and rulings. Declining transparency will reduce international trust, and it will be difficult to gain the trust of the other side even if policies are introduced to favor foreign investment. The impact of this move on China's economy will be long-term and far-reaching. Second, pay attention to the private economy. The private economy plays an important role in China's development, contributing a lot of tax revenue, GDP, technological innovation, employment and the number of market entities to the country.
However, at present, some Internet celebrities have stigmatized and attacked private capital, which has brought unease to private entrepreneurs. The solution to this problem is not to educate private entrepreneurs, but to focus on their needs so that they feel more secure and motivated to invest. Finally, it is necessary to pay attention to residents' confidence, consumption and micro feelings. Despite the frequent policy measures, the effect is mediocre, and there is a deviation in macroeconomic and micro feelings. The root cause of this problem is the distributive adjustment, and the gains of economic development have not reached a wider range of groups. Therefore, the core issue of consumption, micro perception and household confidence is distributive adjustment, not a purely economic issue.
To sum up, China's economic problems do not lie in the economy itself, but involve many factors such as policies, institutions, trust and distribution. If these problems are not solved, the hope of a breakthrough in the economy may only be pinned on the arrival of a new round of technological revolution. It is hoped that future reform and opening up will clear the way for economic growth.