What is the path of economic transformation?

Mondo Finance Updated on 2024-03-03

As the epidemic gradually came under control, people began to realize that the economy was not as prosperous as it used to be. Experts have pointed out that China is undergoing a profound transformation.

In the past, the fiscal revenue of the first class basically did not need to worry too much, value-added tax and land transfer were enough to support fiscal expenditure, and these two tax methods were relatively simple and convenient. However, the situation has changed today, the revenue from land transfer tax has been greatly reduced, and the role of the real estate economy as a pillar industry is becoming less and less obvious, and there is an urgent need for reform and transformation.

However, nurturing new economic pillars does not happen overnight, and it will take time and patience. Therefore, you can only live a tight life temporarily. At the same time, in order to better attract foreign investment, it is also necessary to carry out "service-oriented" reforms and gradually reduce direct intervention in the economy, so as to achieve marketization and diversification of economic development. After all, economic development is not a unilateral decision by the "leadership", but requires the joint efforts of the whole society, and it is still more necessary to rely on the market mechanism to promote it.

In this case, we should intensify reform, actively promote economic restructuring, and accelerate the process of transformation and upgrading. In the long run, new economic growth points will inevitably take shape gradually, and will be more in line with market demand and industrial development trends. In this process, the role of the market is to gradually reduce direct intervention in the market while guiding and supporting, so that the market can play a greater role in a more free and fair environment.

At the same time, we should also strengthen cooperation with enterprises to provide enterprises with a more convenient business environment and better services. Only in the case of joint efforts with enterprises can new economic growth points be formed more quickly, thereby promoting the development of the entire economy. China's economic development is inseparable from the guidance and innovation of enterprises, and the cooperation with enterprises will also become a bright spot in the future economic transformation.

Of course, in the process of economic transformation, we will also face many difficulties and challenges. How to balance the relationship between the old and new economic growth points and ensure that the new economic growth points can smoothly form and replace the old growth points, which requires more flexible and effective policy means to guide and promote.

How to maintain the innovation vitality of enterprises and make innovation a new driving force for economic development is also an urgent problem to be solved. How to better serve people's livelihood and ensure that economic transformation will not bring too much impact on society also requires greater efforts.

China's economic transformation is fraught with challenges, but it is also full of opportunities. Only by persisting in reform and opening up and continuously intensifying reform can we smoothly enter a new stage of development. Let us work together for the future of China's economy!

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