The endogenous impetus for development is accumulating People s Forum .

Mondo Finance Updated on 2024-03-07

When participating in the deliberations of the Jiangsu delegation at the second session of the 14th National People's Congress, the general secretary emphasized "developing new quality productive forces according to local conditions", which resonated inside and outside the venue. From brain-computer interface to 10,000-meter deep diving, from creating an innovation ecology to supporting young talents, the two sessions of the National People's Congress are filled with an atmosphere of reform and convey the pulse of innovation. It has become a broad consensus to deepen reform to stimulate vitality, drive innovation to unleash potential, and continuously enhance the endogenous driving force of China's economic development.

This year's work report proposes that "the endogenous driving force of development is accumulating, and the basic trend of economic recovery and long-term improvement has not changed and will not change". Economic development is inseparable from the combined effect of internal and external factors. From the perspective of the whole, the overall situation and the long-term period, the role of internal factors is always fundamental and first, and the role of endogenous power is lasting, strong and continuous. China's economy has increasingly formed a higher level of dynamic balance between demand driving supply and supply creating demand, and the economic cycle is increasingly relying on endogenous power to operate, which has injected inexhaustible impetus into the realization of high-quality development, and is also the confidence for us to strengthen our confidence and stabilize expectations.

The endogenous power of development continues to accumulate, which is reflected in the continuous emergence of innovation and creativity on the supply side. More and more manufacturing enterprises have achieved digital transformation, and traditional industries have been transformed and upgraded; Technological breakthroughs in commercial aerospace, biomanufacturing and other fields have accelerated, and emerging industries are growing day by day; Quantum computers will raise computing power to a new level, and the future industry will be ahead of the layout. China is increasingly occupying the world's frontier of science and technology, becoming the source of "from 0 to 1" and the application field of "from 1 to N". Leading the construction of a modern industrial system with scientific and technological innovation, stimulating the endogenous power and innovation vitality of various business entities, countless bubbling "source living water" flows into the surging "great rivers" and converges into the "sea" of China's economy.

The endogenous driving force of development continues to accumulate, which is reflected in the expansion of consumption scale and structural upgrading on the demand side. The characteristics of the economies of large countries are dominated by domestic demand and internal circulation. In the past year, the total retail sales of consumer goods increased by 7% over the previous year2%, the contribution rate of domestic demand to economic growth reached 1114%, an increase of 25 over the previous year3 percentage points, all show that the consumption potential of China's super-large market continues to be released, and China's development relies more on domestic demand, especially consumer demand. More than 1.4 billion people constitute the world's largest growing consumer market, and more than 400 million people constitute the most growing middle-income group, and industrialization and urbanization are still in the ...... stage of in-depth developmentGiving full play to the advantages of the super-large-scale market and strong production capacity, so that the domestic cycle is based on the main driving force of domestic demand, China's economic ship will continue to ride the wind and waves.

Reform and opening up is the fundamental driving force for the development of the cause. **The general secretary stressed: "It is necessary to plan major measures to further deepen reform in an all-round way, and continue to inject strong impetus into promoting high-quality development and promoting Chinese-style modernization." This year's work report makes specific arrangements for "unswervingly deepening reform and enhancing the endogenous driving force for development". From building a high-level socialist market economic system, to improving and implementing the "two unswerving" systems and mechanisms, from deepening the reform of the science and technology system, education system, and talent system, to continuing to build a market-oriented, law-based, and international first-class business environment, we should persist in relying on reform and opening up to enhance the endogenous driving force for development, give full play to the "multiplier" role of reform and opening up in improving the quality and efficiency of factor inputs, and constantly liberate and develop social productive forces and stimulate and enhance social vitality. It can inject stronger endogenous impetus into the high-quality development of the economy and society.

In the final analysis, we promote economic and social development in order to continuously meet the needs of the people for a better life. In this sense, the yearning and pursuit of a better life by hundreds of millions of people is the greatest confidence and support for the long-term improvement of China's economy. If the enthusiasm, initiative and creativity of thousands of entrepreneurs and workers are fully mobilized, and social creativity and market vitality are stimulated, high-quality development will gain endless surging momentum.

Li Zheng).

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