Li Daokui: China has become a ＂engine＂ of the global economy

Li Daokui believes that low -income people are the chassis of the Chinese economy. If they can gradually enter the level of secondary income, the prospects of China's development are not limited.(China News Agency)

(Boao Zhongxin Dian) Li Daokui, Dean of the Chinese Institute of Economic Thought and Practice of Tsinghua University, said at the 2019 annual meeting of the Boao Forum for Asia.The uphill of its own development must be solved next to the growth of endogenous power.

Li Daokui believes that after 70 years of development, China has become an engine and shock absorber in the global economy, and the experience and lessons of China's development have also inspired other countries in the world.The fundamental experience of 40 years of reform and opening up is the enthusiasm of the whole society, including individuals and governments, including the market.

However, Li Daokui also pointed out that in addition to changes in the external environment, its own energy also needs to be supplemented.He said that one is to solve the problem of endogenous dynamics of his growth, and the other is to pay attention to the population of nearly one billion in China that has not reached the level of middle income.

On the issue of endogenous development, Li Daokui believes that it is necessary to seize the three keys of entrepreneurs, scientific and technological personnel, and grass -roots government staff.Entrepreneurs must have motivation, incentive mechanisms and property rights must be correct, especially for private entrepreneurs; second, we must mobilize the motivation of scientific and technological innovation personnel, and their contributions should be returned accordingly; third, grassroots government staff should beThere must be motivation, reform and opening up requires their responsibility and actions.

For those with low income, Li Daokui calls the chassis of the Chinese economy, and the chassis should be bigger. If these people can gradually enter the middle income level, the prospects of China's development are not limited.

Li Daokui said that international trade rules need to be formulated and improved together in developed countries and developing countries. China may be further participated in common governance in the next step.practice.