Liu YuanchunPresident of Shanghai University of Finance and Economics, former vice president of Chinese Renmin University, co-founder of China Macroeconomic Forum (CMF).
This article ** has been reported by China Economic Times on January 24.
Number of words: 2800 words.
Reading time: 7 minutes.
Since entering the new era, China's economic strength has been continuously enhanced, and the quality of development has been steadily improved, but a very small number of countries have a complex mentality for the sustainable development of China's economy, and do not want to see China develop along the path of Chinese-style modernization outside the Western modernization model, and do not want to see the leadership of the Communist Party of China firmly supported by the broad masses of Chinese people. Confidence and expectations in economic development have had a negative impact. In this regard, the 2023 ** Economic Work Conference proposed, to"Strengthen economic propaganda and guidance, and sing the bright theory of China's economy".。To sing the theory of China's economic brightness, it is not only necessary to systematically refute the fallacies of the "China collapse theory", but also to analyze the competitive advantages of China's economy, its contribution to the world, and the various reasons that cannot be justified through the various manifestations of China's sustained economic improvement.
1. Singing the bright theory of China's economy should be based on the competitive advantage of China's economy
Competition between countries is all-round, but first and foremost it is economic competition, and behind economic competition is deeper technological competition and institutional competition. After more than 40 years of reform and opening up, especially more than 10 years of development in the new era, China's competitive advantage has been continuously formed, consolidated and deepened, providing an important guarantee for China's economy to follow the path of high-quality development in the coming period, and it is also the confidence to sing the bright theory of China's economy.
First, the advantages of the party's leadership system. As the general secretary pointed out: "The strong leadership of the party and the institutional advantages of China's socialist system that can concentrate on major things are the fundamental guarantee for achieving stable and far-reaching economic development and social stability." "As an important part of the basic economic system, the socialist market economy system with Chinese characteristics focuses on the decisive role of the market in the allocation of resources through the construction of a high-standard market system, the improvement of the fair competition system, the full implementation of the negative list system for market access, and the improvement of the bankruptcy system. to help keep the economy operating within a reasonable range.
The second is the advantage of super-large-scale market. Accompanied by the growth of urban and rural residents' income and the expansion of the size of middle-income groups, China's consumption is shifting from post-epidemic recovery to continuous expansion based on the advantages of a super-large-scale market, and consumption is once again playing a role as the primary driving force for China's economic growth. According to statistics, the contribution rate of final consumption expenditure to China's economic growth in 2023 will reach 825%。New consumption growth points such as smart home, entertainment and tourism, and sports events are gradually cultivating and growing. During the 2024 New Year's Day holiday, domestic tourism travel across the country will be 13.5 billion person-times, achieving 797 domestic tourism revenue300 million yuan, a year-on-year increase of 1553% and 2007%, an increase of 9. on a comparable basis compared with the same period in 20194% and 56%。
The third is the advantage of innovation-driven development. The report of the 20th National Congress of the Communist Party of China pointed out that it is necessary to adhere to the principle that science and technology are the primary productive forces, talent is the first resource, and innovation is the first driving force, and thoroughly implement the strategy of rejuvenating the country through science and education, the strategy of strengthening the country with talents, and the strategy of innovation-driven development, open up new fields and new tracks for development, and constantly shape new momentum and new advantages for development. At present, China has entered the ranks of innovative countries, ranking second in the world in R&D expenditure, and the investment intensity exceeds the average level of the European Union. The total number of R&D personnel ranks first in the world, and the number of highly cited researchers accounts for about 18% of the world. Basic research and original innovation have been continuously strengthened, and new breakthroughs have been made in some key core technologies. According to the "2022 EU Innovation Scoreboard", China temporarily ranks 6th among the 11 countries participating in the ranking, and has three advantages: a steady improvement in the overall level of innovation performance, a large increase in innovation performance, and a variety of innovation highlights.
2. Singing the theory of China's economic brightness should clearly explain the world contribution of China's economic development
In recent years, China has implemented a more proactive strategy of opening up, discussed and jointly built the "Belt and Road" international cooperation platform, accelerated the construction of the Free Pilot Zone and the Hainan Free Port, and actively applied for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement, actively building a global network of high-standard free zones, becoming the main partner of more than 140 countries and regions, and forming a larger, broader and deeper pattern of opening up to the outside world. And its own high-quality development has made great contributions to global economic growth, intellectual property rights and green development.
First, the contribution of economic growth. According to the World Bank's World Development Indicators database, China's average contribution to global economic growth from 2013 to 2021 reached 386%, more than the combined contribution of the G7 countries. In 2022, China's GDP will exceed 120 trillion yuan, contributing nearly 20% to global economic growth, making it an important stabilizing force for world economic growth. In 2023, China's economic growth will reach 52%, with a GDP of more than 126 trillion yuan. According to this calculation, China will continue to be the largest engine of global economic growth, contributing about one-third.
The second is the contribution of intellectual property rights. China is transforming from a big country in the introduction of intellectual property rights to a big country in the creation of intellectual property rights. According to the World Intellectual Property Indicators 2023 released by the World Intellectual Property Organization, global innovators filed a total of 3.46 million patent applications in 2022, of which nearly half of the patent applications came from Chinese innovators. In recent years, China has continued to deepen intellectual property cooperation under the Belt and Road Initiative and BRICS countries, continuously strengthened intellectual property exchanges with countries in ASEAN, Africa and Latin America, vigorously supported intellectual property capacity building in developing countries, and used intellectual property rights to help alleviate poverty and promote the United Nations 2030 Agenda for Sustainable Development.
The third is the contribution of green development. At present, China's economic and social development has entered a stage of high-quality development that accelerates green and low-carbon. The recently released "Opinions of the Communist Party of China on Comprehensively Promoting the Construction of a Beautiful China" once again made it clear that we will strive to achieve carbon peak before 2030, laying the foundation for striving to achieve carbon neutrality before 2060. This is a solemn commitment that China has made to the world, and it is constantly putting it into action. In 2023, China's renewable energy generators will continue to exceed the 1.3 billion and 1.4 billion mark, reaching 14500 million kilowatts, accounting for more than 50% of the country's power generation units.
3. Singing the bright theory of China's economy, we should take a multi-pronged approach to build a first-class guidance system
From the perspective of the international pattern, on the whole, there is a situation in which the West is strong and I am weak. The Chinese population accounts for 22% of the global population, but the information sent from China every day accounts for less than 5% of the total global information release, and more than 90% of the information is monopolized by the West**. Due to various reasons such as ideological bias, many Western countries are unable to correctly view or even distort and smear China's economic development. This is extremely incommensurate with China's status as the world's second largest economy, and extremely incommensurate with the ever-intensifying cybersecurity challenges in the digital age, and needs to be reversed urgently.
The first is to optimize the strategic layout and build an economic propaganda flagship with strong international influence. External propaganda and internal propaganda are two different systems, which have similarities, but the differences are even greater, and we cannot simply copy a set of practices for internal propaganda. We should build an economic external propaganda flagship that can compete with the mainstream financial and economic development of Europe and the United States in terms of international influence, and give full play to the role of national high-end think tanks in topic setting, guidance and viewpoint shaping, vigorously innovate the narrative concept of international financial communication, promote the systematization of financial narrative content and narrative strategies, integrate domestic and foreign multi-subject narratives into the economic external propaganda narrative system, and enhance the ability of China's financial narrative to intervene and influence on the world economic agenda. Use the internationally accepted discourse expression paradigm to clarify the connotation, essence, theoretical logic, and value pursuit of Chinese-style economic modernization.
The second is to strengthen policy guidance and promote the institutionalization and standardization of the foreign economic discourse system. According to the theory of discourse power construction and the relevant theories of communication and economics, promote the strategic planning and policy and regulatory research in the economic field in terms of discourse generation, discourse construction, discourse translation, discourse dissemination, discourse reception, etc., carry out the international transformation of the domestic economic discourse system according to the specific conditions of different countries, organically combine the exploration of communication models, discourse platforms, multilateral mechanisms, etc., and promote the ability to set international economic issues, guide the international economy and the construction of international economic discourse. Accelerate the construction of a foreign economic discourse system with distinctive Chinese characteristics.
The third is to deepen academic empowerment and improve the academic depth and ideological depth of the economic internal propaganda system. Domestic economic propaganda should not only stay at the superficial and generalized stage, but also organically combine academic and physical explanations, academic expressions, and mass communication to solve the problems of being unreasonable and inexplicable, and truly convincing people with reason. In particular, in view of some vague understandings and erroneous viewpoints in the economic field, it is necessary to organize experts and scholars in a timely manner to clarify fallacies and distinguish between right and wrong with in-depth and thorough academic theories and accurate and comprehensive facts, organically combine criticism and analysis with research and interpretation, carry out effective and effective guidance, and sing the bright theory of China's economy.
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