The first year of China's economic transformation

2022-07-25
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Prospects for the two sessions in 2011: the first year of China's economic transformation

prospects for the two sessions in 2011: the first year of China's economic transformation

and in the plastics used in modern automotive materials

information on China's construction machinery

Guide: editor's note: today's businesses and services can not only be successfully completed, but also the two sessions will begin on Thursday. The main topics of the previous two sessions have become the main line running through the policy trend of that year, and this year's two sessions have special significance. On the one hand, this year is the opening year of the 12th Five Year Plan; On the other hand, China's economy is at an important stage in history

Editor's note: this year's national "two for the development of such materials" will begin on Thursday. The main topics of the previous "two sessions" have become the main line running through the policy trend of that year. This year's "two sessions" have special significance. On the one hand, this year is the opening year of the "12th Five Year Plan"; On the other hand, China's economy is in an important transition period in history. As the "two sessions" are about to be held, we will look forward to the "two sessions" from different angles in combination with the capital market

the annual national "two sessions" will begin this week. This year is the first year of the 12th Five Year Plan. The macro and industrial policies determined by the "two sessions" will directly affect the economic development of the whole year and even the next few years. Therefore, this year's "two sessions" are of particular concern. Judging from the successive local "two sessions", it has become a consensus to reduce economic growth, adjust the structure and cultivate new economic growth points

weakening GDP growth indicators

in the recent "two sessions" held in various regions, a noteworthy phenomenon is that compared with the "Eleventh Five Year Plan", most provinces and regions have lowered their economic growth targets. During the 11th Five Year Plan period, Guangxi's GDP grew by an average of 13.7% a year, while in the 12th Five Year Plan, it was lowered to an average annual growth of 10%. Inner Mongolia's GDP grew at an average annual rate of 17.6% during the 11th Five Year Plan period, and the growth rate during the 12th Five Year Plan period was lowered to 12%. Beijing, Shanghai, Guangdong, Zhejiang and other eastern provinces have reduced their GDP growth targets to single digits

"the reduction of GDP growth in various regions fully shows the determination of local governments to desalinate the target of total scale and strengthen structural adjustment and industrial upgrading." Gushengzu, member of the Standing Committee of the National People's Congress and vice chairman of the Central Committee of the China Democratic National Construction Association, said that if the transformation from a low-income country to a middle-income country in the past is called the first transformation, the biggest problem facing China in the next 10 or 30 years is whether it can cross the "middle-income trap" and successfully realize the second transformation from a middle-income country to a high-income country

Gu Shengzu emphasized that rich and cheap labor resources are an important factor to support the first transformation of China's economy. However, the increasingly prominent problem of "labor shortage" in recent years means that this development advantage is gradually disappearing. An important task of the 12th Five Year Plan is to plan for economic transformation, change the economic development model that has long relied on cheap labor, identify new sources of power for economic growth, achieve endogenous economic growth and innovation driven, and cultivate new economic growth points

exploring new economic growth points

it is reported that an important agenda of this year's "two sessions" is to approve the "12th Five Year Plan" and draw a blueprint for economic and social development in the next five years. In the 12th Five Year Plan, strategic emerging industries have been identified as one of the priorities of the planning, and the development direction, strategic priorities and major measures of the industry will be determined accordingly

in fact, in terms of cultivating new growth points, from the work reports and planning outlines of local governments, relevant provinces and cities have also actively started to layout, and are generally enthusiastic about emerging industries

Guangdong Province will invest 536billion yuan in modern industry construction projects in the next five years, of which 100 strategic emerging industry projects will be promoted in 2011. Fujian, on the other hand, takes the development of industrial clusters, urban clusters and port clusters as a breakthrough to accelerate the strategic adjustment of economic structure. Hunan Province proposed to accelerate the transformation and upgrading of the traditional manufacturing industry, accelerate the scale expansion of strategic emerging industries and the development of clusters, vigorously promote scientific and technological innovation, and accelerate the expansion of the service industry

a recent research report issued by Orient Securities Research Institute pointed out that in combination with the actual situation of the current industrial foundation and the development law of the industry, the future economic transformation and development will be based on the development of a new generation of information technology and new material industry. Gu Shengzu also pointed out that the key to promoting the second transformation of China's economy during the "12th Five Year Plan" period is to explore new power sources of economic growth and promote the economy to enter the development track of innovation driven and endogenous growth. To this end, we must first make innovation a new driving force for economic growth. Through the improvement of the innovation and entrepreneurship policy system, we should stimulate the innovation and entrepreneurship enthusiasm of the whole society, especially the innovation and entrepreneurship spirit of the entrepreneur class. Secondly, vigorously develop strategic emerging industries, service industries and infrastructure industries, cultivate new sources of economic growth, realize the transformation from low-end industries to medium and high-end industries, and enhance the competitiveness of the coal industry in the golden 10 years (2002-2011) in the global value chain. He also believes that, as an important aspect of economic transformation, expanding household consumption, encouraging private investment and implementing an active urbanization strategy are also powerful engines for China's sustainable economic development in the future

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