General

The report of the 20th National Congress of the Communist Party of China emphasizes "accelerating the construction of a new development pattern and focusing on promoting high-quality development". Accelerating the construction of a new development pattern is a strategic decision based on achieving the second centenary goal, coordinating development and security, and a strategic deployment to seize the initiative of future development. To speed up the construction of a new development pattern, we need to adhere to the problem oriented and systematic concept, better coordinate the domestic and international circulation, focus on the overall expansion of domestic demand and deepening the supply side structural reform, accelerate the pace of self-reliance in science and technology, build a modern industrial system, and promote high-level opening, constantly enhance the endogenous power and reliability of the domestic systemic circulation, and improve the quality and level of the international trade cycle.

Enhancing the endogenous driving force of domestic circulation in a higher level of dynamic balance between supply and demand

The domestic systemic circulation is the main body of the new development pattern, which is of great significance for forming endogenous development momentum and grasping the development initiative. The power of the domestic systemic circulation comes not only from the traction of demand on supply, but also from the creation of supply on demand, and more from the virtuous circle between supply and demand. To achieve this, it is necessary to continuously expand domestic demand, deepen supply side structural reform, and continuously form a dynamic balance between supply and demand at a higher level.

To continuously expand domestic demand, we must resolutely implement the strategic plan for expanding domestic demand, and focus on expanding consumption demand supported by income and investment demand with reasonable returns. Establish and improve a long-term mechanism to expand residents' consumption, improve the income distribution system, stabilize residents' income growth, enable the benefits of economic growth to benefit more people, and continuously enhance residents' consumption capacity; We need to improve the social security system, enhance the level of public services such as housing, education, medical care, elderly care, and childcare, and solve the worries of residents' consumption; We also need to continuously optimize the consumption environment, enhance the sense of consumer satisfaction, and enhance consumer willingness. Improve the mechanism for expanding investment, continuously expand effective investment space, moderately advance the deployment of new infrastructure construction, and expand investment in high-tech industries and strategic emerging industries; Continuously stimulate the vitality of private investment, optimize the development environment of private enterprises, protect the property rights of private enterprises and the rights and interests of entrepreneurs in accordance with the law, and promote the development and growth of the private economy.

Deepening the supply side structural reform requires the comprehensive implementation of the new development concept, adhering to the direction of socialist market economy reform, and promoting high-quality development. On the one hand, efforts should be made to improve total factor productivity, continuously break through supply constraints, and meet people's constantly upgrading needs with independent, controllable, and high-quality supply; On the other hand, we need to continue promoting innovative development, especially promoting the coordinated development of the digital economy and green economy, creating and leading new demands and new ways of production and life.

To facilitate the circulation between supply and demand, it is necessary to accelerate the cultivation of a complete domestic demand system, focus on improving the adaptability of the supply system to domestic demand, and break through the key bottlenecks that constrain the economic cycle. We need to comprehensively promote the integration of urban and rural development, strengthen the economic connection between urban and rural areas, and smooth the economic cycle between urban and rural areas. Prevent local self circulation, eliminate regional barriers, and truly form a unified national market. Promote the deep integration of regional coordinated development strategy, regional major strategy, and main functional zone strategy, optimize the layout of major productive forces, promote the rational flow and efficient agglomeration of various factors, and smooth the domestic systemic circulation. Strengthen the construction of modern circulation system, improve hardware and software, channels and platforms, and consolidate the foundation of domestic systemic circulation. We will continue to promote financial reform and leverage the connectivity role of fund financing and circulation in the smooth supply and demand cycle.

Improving the reliability of domestic circulation in solving the "bottleneck" problem

Accelerating scientific and technological self-reliance is the key to ensuring the smooth flow of the domestic systemic circulation and shaping China's new advantages in the systemic circulation of international trade. To enhance crisis awareness, fight for key core technologies, accelerate the capture of "bottleneck" technologies in important fields, and strive to become a major scientific center and innovation highland in the world as soon as possible. To this end, we need to improve the new national system, accelerate the implementation of the innovation driven development strategy and the talent power strategy, and provide basic support for the domestic systemic circulation.

Improve the new nationwide system. Strengthen the national strategic scientific and technological strength, optimize the allocation of innovative resources, optimize the positioning and layout of national scientific research institutions, high-level research universities, and technology leading enterprises, strengthen the construction of scientific and technological basic capabilities, strengthen scientific and technological strategic consulting, and enhance the overall efficiency of the national innovation system. Guided by national strategic needs, gather forces to carry out innovative and leading technological breakthroughs, and resolutely win the battle for key core technologies. Accelerate the implementation of a batch of strategic and forward-looking national major science and technology projects, and enhance independent innovation capabilities.

Promote the development of international trade and accelerate the implementation of the innovation driven development strategy. Strengthen basic research, highlight originality, and encourage free exploration. Improve the efficiency of scientific and technological investment, deepen the reform of the allocation and utilization mechanism of financial scientific and technological funds, and stimulate innovation vitality. Strengthen the deep integration of industry, academia, and research led by enterprises, strengthen goal orientation, and improve the transformation and industrialization level of scientific and technological achievements. Strengthen the dominant position of enterprises in technological innovation, leverage the leading and supporting role of technology-based backbone enterprises, create a favorable environment for the growth of technology-based small and micro enterprises, and promote the deep integration of innovation chain, industry chain, capital chain, talent chain.

Deeply implement the strategy of strengthening the country through talent development. Accelerate the construction of a national strategic talent force, strive to cultivate and cultivate more masters, strategic scientists, first-class scientific and technological leaders, and innovative teams, and accelerate the cultivation of internationally competitive young scientific and technological talent reserves, outstanding engineers, major country craftsmen, and highly skilled talents. Implement more proactive, open, and effective talent policies, fully stimulate the vitality of talent innovation, comprehensively cultivate, introduce, and make good use of talents, provide a good environment and service guarantee for scientists and international students returning to China to engage in research and development, study, work, and life, and enable them to fully utilize their talents and serve the country.

Enhancing the vitality and security of domestic and international circulation in the development of the real economy

The construction of a modern industrial system, the realization of an organic, efficient and smooth link between various industries in the national economy, and the promotion of the optimization and upgrading of the supply chain of the industrial chain are the basis for stabilizing the dominant position and security of the domestic systemic circulation, enhancing the development vitality of the domestic systemic circulation and the ability to drive the international systemic circulation.

Promote the development of international trade and adhere to the focus of economic development on the real economy. Promote new industrialization, accelerate the construction of manufacturing, quality, aerospace, transportation, network, and digital China. We will implement the reengineering of industrial infrastructure and the project of tackling key problems in major technical equipment, support the development of specialized and new enterprises, and promote the high-end, intelligent, and green development of the manufacturing industry.

Adapt to the overall trend of industrial development and enhance industrial competitiveness. Consolidate the leading position in advantageous industries, accelerate the filling of shortcomings in areas related to safe development, enhance the ability to ensure strategic resource supply, and enhance the continuity and competitiveness of industrial development. Optimize the layout of productivity, promote the orderly transfer of key industries domestically and internationally, support enterprises to deeply participate in global industrial division of labor and cooperation, promote deep integration of domestic and foreign industries, and create a modern industrial system that is independent, controllable, safe, reliable, and highly competitive.

Promote the integration and cluster development of strategic emerging industries. Building a new generation of growth engines, including information technology, artificial intelligence, biotechnology, new energy, new materials, high-end equipment, and green environmental protection. Build a new system of high-quality and efficient service industries, and promote the deep integration of modern service industries with advanced manufacturing and modern agriculture. Accelerate the development of the digital economy, promote the deep integration of the digital economy and the real economy, and create a digital industry cluster with international competitiveness.

Improving the quality and level of international circulation in enhancing international discourse power

Promoting high-level opening up is an indispensable part of achieving the mutual promotion of domestic and international double circulation, which is also conducive to continuously enhancing the voice in the international systemic circulation and improving the quality and level of international circulation. To this end, we need to continuously expand the scope and degree of opening up to the outside world, and provide new opportunities for world development with a mutually beneficial and win-win opening strategy. We should actively participate in global governance and build a more stable international economic order.

Continuously expanding the scope and degree of opening up to the outside world. We need to promote high-level opening-up to the outside world, steadily promote institutional openness such as rules, regulations, management, and standards, and make greater efforts to stabilize the scale and optimize the structure of foreign trade. We will also make greater efforts to promote the stable stock and expansion of foreign investment, and cultivate new growth points for international trade and economic cooperation. Reasonably reduce the negative list of foreign investment access, protect the rights and interests of foreign investment in accordance with the law, and create a market-oriented, legal, and international first-class business environment. Promote the high-quality development of jointly building the "the Belt and Road" and constantly improve the cooperation mechanism of jointly building the "the Belt and Road". Accelerate the construction of Hainan Free Trade Port, implement the strategy of upgrading the free trade pilot zone, and explore and promote higher level, broader fields, and deeper levels of opening-up to the outside world. Expand the global network of high standard free trade zones and stabilize China's economic and trade cooperation with countries and regions around the world.

Adhere to the open strategy of mutual benefit and win-win situation, and actively participate in global governance. Promote the sharing of opportunities in the Chinese market among all countries, so that the achievements of China's development can better benefit the people of all countries. Increase resource investment in global development cooperation, jointly cultivate new drivers of global development, and firmly support and assist developing countries in accelerating their development. Actively participate in the reform and construction of the global governance system, always stand on the right side of history, practice real multilateralism, oppose all forms of unilateralism, and promote the development of global governance in a more just and reasonable direction. Promote multilateral mechanisms such as the World Trade Organization and the Asia Pacific Economic Cooperation to better play their roles, and enhance the representation and voice of emerging market countries and developing countries in global affairs. Promote the construction of a community with a shared future for mankind, adhere to the correct direction of economic globalization, promote the continuous progress of globalization, and promote the construction of a common prosperous world economy.