Chinas new road to security development internal circulation

Ming Pao News Agency

The Political Bureau of the Central Committee of the Communist Party of China held a meeting last Thursday (July 30) and decided to be held in October of the Fifth Plenary Session of the 19th CPC Central Committee.Planning) and the long -view goal in 2035, in the formulation of the guidelines for the 14th Five -Year Plan, the Politburo Meeting rarely emphasizes the concept of safe development.The new development pattern of mutual promotion was made.It can be expected that the development of China's economy in the future will pay more attention to the word security, and the development trend of the inside circulation is both due to the situation and the direction of development.

Sino -US game impact politics

Internal circulation dominates dual -loop

This time the Politburo meeting still believes that China's development is in a period of strategic opportunities. However, different from the past, there are new and changes in opportunities and challenges, including increasingly complex international environment, and unstable uncertainty.Opportunity consciousness and risk awareness.Therefore, in the guidelines of the 14th Five -Year Plan, the meeting achieved a more secure, more efficient, more fair, more fair, and more sustainable development in the past;In terms of quality, structure, and benefits, safety is added.It can be seen that the central executives of the central government have mentioned unprecedented heights for economic development.

This safety is not only the safety of the people's lives that attaches importance to the impact of the new crown virus epidemic, but also the national and economic security that is concerned about the comprehensive game of China and the United States.This security development has prompted the central government to propose a new development pattern of accelerating the formation of domestic large -cycle as the main body and the domestic and international dual cycles. The main basis of this new pattern is to firmly grasp the strategic base point of expanding domestic demand.

As early as May 14, the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China first proposed a new development pattern of mutual promotion of domestic and international dual cycles.In the future, in the few speeches of Xi Jinping and the official document of the central government, the limitation of the domestic large cycle as the main body is added, which actually highlights the dominant position of the internal cycle in the dual cycle.

At the beginning of China's reform and opening up, he had enthusiastically invested in the large international economic cycle and vigorously developed the two ends (raw materials and markets).Earn foreign exchange.With the development of the economy, especially after joining the WTO (WTO) in 2001, China's foreign trade dependence (total foreign trade / GDP) continued to rise, reaching 65.17%at the highest. Since the financial tsunami in 2008, there is a financial tsunami in 2008.Falling, but still around 50%.In recent years, with the improvement of domestic people's spending power, the domestic demand market has become more and more prosperous. At the same time, international trade protectionism has risen, and China's foreign trade dependence has decreased year by year. In 2019, foreign trade dependence has returned to 31.8%in 1998.Domestic demand consumption has also become the focus of attention of China's economy.

Since the beginning of this year, the new crown virus epidemic has led to a downturn in the international market demand, China and the United States have also caused the exports of some Chinese goods to be blocked, which highlights the importance of domestic demand consumption.Under the epidemic, the Chinese economy reflects strong toughness, and the growth rate of GDP in the second quarter has changed from negative to 3.2%.In the first half of the 31 provinces and cities, economic data showed that although Guangdong, Jiangsu, and Shandong in the coast still ranked among the top three, the performance of coastal provinces mainly based on the external economy has been inferior to inland provinces.The top six are Tibet, Xinjiang, Gansu, Guizhou, Ningxia, and Hunan. Qing Yixi is the provincial and western provinces. According to cities, Chongqing surpasses Guangzhou in first -tier cities, ranking fourth in the country in the country, and is the economy of 4 municipalities directly under the jurisdiction.The only thing that is growing is that the economic growth rate of Xi'an, the capital of Shaanxi Province is the top of the country's deputy provincial cities.

Rise of the Central and Western Regions of the Economy in the Economy

Solving the potential of imbalanced domestic demand

It must be seen that the economy in the central and western regions is no longer Wuxia Amon.In addition, the internal cycle is not a retreat. In the early years of Chongqing, through large -scale investment promotion, it has become the world's largest laptop computer production base; Xi'an also attracted Samsung investment to build the largest computer memory production base in the Mainland; Wuhan has the nationwide automobile industry chain in Wuhan.It also entered the chip memory industry; Anhui Hefei became the fourth comprehensive national science center after Beijing, Shanghai, and Shenzhen.Northeast, northwest, and southwest are Chinese food and energy production areas. It is also a new external channel. For example, Xinjiang connects the China -Kazakhstan oil gas pipeline, Heilongjiang connects China -Russia oil pipeline, and Yunnan connects China -Myanmar oil pipeline.Urumqi, Zhengzhou, Chongqing, Chengdu, and Xi'an all opened the China -Europe freight trains and became the center of the Silk Road Economic Belt.

Of course, some experts have pointed out that if the Chinese economy must continue to recover, the four major structural imbalances still need to be resolved, that is, demand recovery is slower than that of production and service industry.Financial fever, alleviating the above imbalance is the key to helping the internal economic cycle.

In recent months, the executive meeting of the State Council has been deployed, and a special transfer payment mechanism has been established. It will add new fiscal funds to the city and counties through the central transfer payment and government funds.Support the employment and entrepreneurship of migrant workers and promote farmers' income.Consumer vouchers, discount coupons and other forms have been distributed in various places to stimulate consumption.

In the second quarter of this year, Huawei surpassed Samsung and became the first place in global smartphone sales, of which more than 70%of Huawei mobile phones were sold in the Mainland.In the first half of the Mainland market, the total income of Tesla's Tesla's total operating revenue was about 20%, and the revenue in Tesla's second quarter increased by 103%year -on -year.China, with a population of 1.4 billion, has great potential for domestic demand consumption, which is evident.