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Xinhua News Agency, Beijing, September 2 Topic: Taking reform and opening as a driving force, creating new advantages with a new pattern-Interpreting the signal issued by the XV meeting of the Central Commission for Deep Reform
Xinhua News Agency reporters Han Jie, Liu Kaixiong, He Xinrong
“Promote deeper reforms and implement a higher level of openness to provide a strong impetus for the construction of a new pattern of development.” In an important speech at the 15th meeting of the Central Committee for Comprehensive Deepening of Reform, Secretary-General Xi Jinping presented new requirements to further deepen reform and openness. China’s acceleration of the formation of a new pattern of development has pointed the direction.
Experts said the Shenzhen Reform Commission meeting issued an important signal: to build a new pattern of development, we must continue to make full use of the key reform method, implement a higher level of openness, and use it as a driving force to create a new pattern of international cooperation and competition. Advantage.
The construction of a new pattern is a “deep level systematic change that refers to the general situation”.
At the meeting, Secretary-General Xi Jinping emphasized that accelerating the formation of a new development pattern with the domestic cycle as the main body and the national and international dual cycles promoting each other is a strategic decision made according to the stage of development, the environment and changes in conditions in China, and refers to the general situation. Deep-level systemic changes.
Liu Yuanchun, vice president of Renmin University of China, said that the establishment of a new development pattern has a solid historical, theoretical and practical foundation, it is a strategic deployment carried out by the Party Central Committee in response to the demands of the time. . Important strategic measures for various medium and long-term issues.
Liu Yuanchun analyzed that since the 2008 international financial crisis, in order to adapt to changes in the external environment, China has successively proposed strategies to expand domestic demand and promote structural reforms on the supply side. It can be said that in the last decade or so, it has been shifting to a major internal cycle.
“At present, China’s per capita GDP has reached US $ 10,000, and it is in a critical period to overcome the middle-income trap and fully march towards a global economic powerhouse and a modern powerhouse.” Liu Yuanchun said that the current complex and changing international situation forces us to turn more towards the domestic market. Leading national economic cycle.
In his speech, Secretary General Xi Jinping emphasized that under the current situation, the construction of a new development pattern faces many new situations and new problems. You need to be good at applying reform thinking and methods, and general consideration of short-term response and medium and long-term development. You need to strategically establish the situation. We must also settle on the key point.
“With the great national cycle as the main body, to continually unleash the potential of domestic demand, the key is to smooth the locks and breakpoints that hamper the cycle.” Zhang Liqing, chief economist at PwC China and professor at the Central University of Finance and Economics, believes that China should take advantage of the supply-side structure The strategic direction of sexual reform will further promote the reform of the business environment, give full play to the decisive role of the market in the allocation of resources and will continuously improve the vitality of the domestic cycle.
The nature of the domestic cycle remains an open cycle
The new development pattern emphasizes the domestic cycle as the main body, does it mean that openness to the outside world is no longer important?
“At present, economic globalization is facing a counter-current, unilateralism and protectionism are on the rise. We must not be blocked by headwinds and negative reactions. We must place ourselves on the right side of history, unwaveringly expand openness to the outside world and improve the effect of national and international economic link. Coordinate development and security, and comprehensively prevent risks and challenges. ”In the face of some doubts and concerns, the meeting gave a clear answer.
Zhang Liqing believes that the new development pattern means that under the effect of the market mechanism, the balance of supply and demand for China’s final products will be achieved mainly through the domestic market and at the same time through the participation and use of international industrial chains, international trade and international financial activities, this supply and demand will be promoted effectively. Balanced performance.
“The great national cycle must cooperate, promote and coordinate with the great international cycle. The two are not a relationship between one and the other.” Liu Yuanchun said that the great national cycle is still an open cycle by nature, but satisfies As a starting point and end point, domestic demand will continue to tap into the potential of the domestic market and continue to open up to the outside world to use the domestic demand market of China to boost global economic recovery.
As the venue for the China International Import Expo, Shanghai is building the central node of the great national cycle and the strategic link between the national and international double cycles. In the first half of this year, Shanghai actually received $ 10.28 billion of foreign capital, an increase of 5.4% on the basis of last year’s 13.9% increase.
“After participating in CIIE for two consecutive years, we have felt the charm of the Chinese market and upgraded the China headquarters to the Asia Pacific headquarters. In the future, we will continue to increase investment in China.” Cargill Group Global President and CEO Mai Weide said.
Hua Changchun, global chief economist at the Guotai Junan Securities Research Institute, said China has strong manufacturing capabilities and a huge consumer market, while embracing economic globalization. “We view the increasingly powerful domestic market as a strategic resource, which has become China’s confidence and strength to promote a higher level of openness.”
Gather reform forces to create new advantages with high-level openness
Looking ahead, this meeting sent an important signal to unswervingly deepen reform and openness, aiming to provide strong momentum to build a new pattern of development.
Experts believe that the current economic globalization faces a countercurrent, which prompts us to reflect more on the structural problems of the national economy, forcing to accelerate internal reforms, deepening reforms to stimulate the vitality of new development and opening of high level to generate new advantages in international cooperation and competition.
“Only by smoothing domestic circulation can we better connect domestic and international markets, make better use of the two markets and two resources, and achieve stronger and more sustainable development,” said Xu Qiyuan, a researcher at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences.
From the publication of the “Opinions on the Financial Support for the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area” in May, to the publication of the “General Plan for the Construction of the Free Trade Port of Hainan” in June; from the 2020 version of the negative list for access to foreign investment further reduced, to the deliberations and approvals of the meeting “Implementing opinions on promoting innovative development of foreign trade” …
Behind these new deployments, China is working hard to link the construction of a new development pattern with the implementation of the national regional coordinated development strategy and the construction of pilot free trade zones, and take the lead in exploring the formation of a new pattern of development in regions where conditions permit, and creating a new height for reform and opening-up.
Looking ahead, we will be exposed to a more complex external environment. When implementing a higher level of openness, it is important to coordinate development and security.
Guan Tao, Global Chief Economist at Bank of China Securities, believes that we should not only focus on doing our own thing and insist on promoting high-quality development with reform and openness as the driving force, but also understand the law of motions. conflicting, focus on making up for shortcomings and forging longboards, and strengthening the response. Competitiveness and fighting skills to defy risks and create new advantages for China in international cooperation and competition.
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