The report of the 19th National Congress of the Communist Party of China pointed out that China’s economy has shifted from a high-speed growth stage to a high-quality development stage. High-quality development requires that China’s economy should change from extensive high-speed growth mainly relying on increasing the consumption of material resources to high-quality development relying on technological progress and improving the quality of workers. The overall goal of high-quality development is to create an upgraded version of China’s economic development in the new era. To meet the requirements of high-quality development, we must deal with the following ten aspects:
Correctly handle the relationship between quantity growth and high-quality development
Quantitative growth only refers to the expansion of economic aggregate, which is mostly measured by total output. The commonly used evaluation indicators are gross national product and per capita gross national product. The pattern and connotation of high-quality development are richer, which is based on the total amount but not only pays attention to the economic total amount, but also includes multi-dimensional measurement of the efficiency, structure, stability and sustainability of the economy, which is the evolution and development under the coordination of quantity and quality. In the stage of economic growth, we only emphasize economic benefits, but ignore the sustained and healthy development of the economy. High-quality development emphasizes the combination of economic benefits, social benefits and ecological benefits, which reflects an inclusive growth in harmony between people and economy and society. Therefore, in the process of realizing high-quality development, it is necessary to correctly handle the relationship between quantity growth and high-quality development. High-quality development must improve the level of urbanization and industrialization, seek new growth of regional economy, promote quantity growth with quality improvement, and find and practice ways to promote quantity with quality in the transition to high-quality development.
Correctly handle the relationship between the transformation of old kinetic energy and the cultivation of new kinetic energy
In the high-speed growth stage, we demand a single economic aggregate and growth rate, ignoring the quality of economic development, while the high-quality development stage requires more than the high-speed growth stage. It requires us to rely on talents, technology, knowledge, information and other advanced elements, from extensive economic growth mode to intensive economic growth mode, and to dispel the influence of the declining traditional growth dividend in China through innovation drive, cultivate new kinetic energy for high-quality development, and do a good job in the conversion of old and new kinetic energy, so as to break through the bottleneck constraints of resources, energy, environment and other factors and realize the conversion of old and new kinetic energy for development as soon as possible. The new kinetic energy of high-quality development is mainly in innovation and development, and behind innovation and development are scientific and educational talents. Science and education talents are an important driving force for high-quality development; From the perspective of open space, innovation drive and the gathering of scientific and educational talents depend on the level of factor reward and the quality of innovation environment. Therefore, it is the key to promote high-quality development to correctly handle the relationship between the transformation of old kinetic energy and the cultivation of new kinetic energy, and how to nurture and promote new advantages through innovation-driven, talent gathering and environmental optimization.
Correctly handle the relationship between the transformation of traditional technology and the utilization of new technology
To catch up with high-quality development, it is difficult to achieve transcendence within the generations of traditional technology. Similarly, high-quality development is difficult to achieve within the existing technical framework, and it is necessary to transform traditional technologies and make effective use of new technologies. It can be said that the opportunity to achieve high-quality development lies in introducing new variables and taking advantage of the technological substitution formed by the new technological revolution and the industrial revolution. In recent years, the provinces that have maintained rapid growth in China have made breakthroughs in big data, informationization and digital economy because they have adapted to the development of a new round of scientific and technological revolution. The good performance of China’s own development in recent years is also brought about by product innovation of new technologies such as the Internet and big data. At present, a new round of scientific and technological revolution and industrial revolution are emerging, and the fourth industrial revolution based on the Internet and big data is forming a new growth point. To achieve high-quality development, we need to correctly handle the relationship between traditional technological transformation and new technology utilization, and cultivate the power of new technological revolution on the basis of scale advantage.
Correctly handle the relationship between the upgrading of traditional industries and the cultivation of emerging industries
Since the reform and opening-up, China has conquered the city in all industrial fields in the stage of rapid growth, forming a complete range of industrial categories. Due to the surge of investment, there is a crowding effect in these areas, resulting in overcapacity. To achieve high-quality development in the new era, we must open up space in the high-end links and core technology fields of the industrial chain, which requires correctly handling the relationship between the upgrading of traditional industries and the cultivation of emerging industries. It is necessary to make use of the latest achievements in the scale of new technologies, accelerate the cultivation and development of high-end industries, accelerate the replacement of old and new leading industries, and accelerate the formation of a modern industrial system. It is also necessary to make use of the huge traditional industrial base to carry out technological transformation of traditional industries and promote them to move towards the high end of the industrial chain. At the same time, to find the connection point between traditional industries and new industries, we should base ourselves on the existing industrial base, continue the industrial chain, improve product quality and efficiency, and derive new products and new industries by implanting new technologies, new ideas and new ideas, so as to finally realize the integrated development and coordinated development between traditional industries and modern industries.
Correctly handle the relationship between industrialization and urbanization
The main body of economic development is structural transformation, which is manifested in two aspects, one is industrialization and the other is urbanization. Among them, industrialization is the main body and urbanization is the result of industrialization. In high-quality development, we need to correctly handle the relationship between industrialization and urbanization: First, we should take the logic of industrialization as the path of high-quality development, promote the development of the real economy with the thinking of industrialization, organically combine the transformation of traditional industries with the development of emerging industries, take the development and modernization of manufacturing as the core, and return to the real economy as the thinking, build a modern industrial system, and realize financial and technological innovation to serve the real economy in high-quality development. The second is to promote the coordination of industrialization and urbanization in high-quality development. There is a spiral mechanism between industrialization and urbanization to promote each other, and promote the coordinated development of urban and rural areas in the process of mutual influence. In the process of high-quality development, we should further promote the new urbanization with people as the core, enhance the comprehensive functions of central cities, cultivate and develop small and medium-sized cities, develop small towns by classification, speed up the urbanization of agricultural transfer population, and embark on a road of coordinated development of industrialization and urbanization in high-quality development that conforms to the reality of China’s new era.
Correctly handle the relationship between manufacturing industry and service industry
Manufacturing industry is not only the main body of the national economy, but also the foundation of high-quality development. The development of manufacturing industry can not be separated from the support of service industry. Because the progress of new technologies represented by the Internet has accelerated the integration of manufacturing and service industries, the high integration of service industries and manufacturing industries is a new trend of industrial development in the future. In China’s high-quality development, it is necessary to realize the transformation of manufacturing industry, while the transformation of manufacturing industry in China needs the development of producer services, and service industry and manufacturing industry promote each other in high-quality development. The integration of manufacturing and service industries is a process in which the industrial chain has changed from the low-end to the high-end in the past, and it is also a process in which the added value of the industry has been continuously improved. Therefore, in high-quality development, it is necessary to correctly handle the relationship between manufacturing and service industries: First, vigorously implement the project-driven strategy and provide momentum and support for high-quality development through large enterprises, industries and projects. The second is to promote the development of producer services. In developed countries, producer services generally account for more than 25% of the total service industry, while in China, the proportion is about 15% at present. The largest space for achieving high-quality development of service industry is producer services, and its core is knowledge-intensive services. We should develop R&D services and marketing services around knowledge-based services and establish a professional service system for high-quality development. The third is to promote the integration of China’s manufacturing industry and the Internet. With the development of the new industrial revolution and the continuous progress of information technology, the intelligentization of manufacturing industry has become a new trend. To achieve the coordinated development of manufacturing and service industries, we must strive to promote the integration of manufacturing and the Internet through "Internet plus "promotes the transformation of manufacturing industry through the continuous development of producer services.
Correctly handle the relationship between regional balanced development and unbalanced development
Regional balanced development and unbalanced development is a structural optimization problem. It is also a relationship problem that needs to be handled correctly in high-quality development. Planning regional development layout under the background of high-quality development is faced with a dilemma. On the one hand, the primacy of central cities is not high, the urban system is not perfect, and it is necessary to continue to accelerate the urbanization process. On the other hand, regional development is unbalanced and the regional gap is widening. To promote high-quality development, we must correctly handle the relationship between regional balanced development and unbalanced development: first, strengthen the development of key areas, and maintain or enhance the overall competitiveness and advantages of regions under the background of globalization and marketization; The second is to implement the new concept of coordinated development, narrow the regional gap and avoid the obvious imbalance that may occur in regional development; Third, regional economic transformation, industrial upgrading, new industry development, urbanization, docking with national regional policies and coping with regional competition are reflected in regional coordinated development.
Correctly handle the relationship between supply and demand
There are both supply factors and demand factors in high-quality development. As China’s economy enters a new era, the factors that affect economic development in high-quality development have shifted from demand factors to supply factors, so it is necessary to correctly handle the relationship between supply and demand in high-quality development. In order to realize the high-quality development of the combination of supply and demand in economic operation, it is necessary to correctly handle the relationship between supply and demand and combine supply regulation with demand regulation. First, to combine supply-side reform with demand-side expansion, we need to combine supply-side policies with demand-side policies, work together at both ends of the supply side and the demand side, and achieve high-quality development by promoting structural reforms. Second, we should coordinate the long-term and short-term relationship of economic development, pay more attention to the long-term development, adjust the supply structure, change the situation that the industrial structure is incompatible with the development of economic scale, and guide agriculture and industry to develop in a high-quality direction. The third is to explore the management that is suitable for the new economy and new format on the supply side, improve the supply structure and establish a level playing field. Adjust the rational allocation of resources among different industries through market mechanism. Improve the supply of factors, improve the independent innovation ability of enterprises, and promote the transformation of scientific and technological achievements into real productive forces. Improve institutional supply. Accelerate institutional innovation, improve total factor productivity by enhancing the role of technological progress and human capital, thus guiding high-quality development.
Correctly handle the relationship between government and market.
Making the market play a decisive role in resource allocation and giving full play to the role of the government in high-quality development, and correctly handling the relationship between the government and the market is a major principle and an urgent need to promote high-quality development. The market plays a role in allocating social resources through market mechanisms such as price, competition, supply and demand, and the government allocates social resources through economic, legal and administrative adjustment means. The relationship between the government and the market determines the operation quality of the socialist market economy. In the context of high-quality development, correctly handling the relationship between the government and the market means not only making the market promising but also making the government promising. First, we must continue to deepen reform, let the market play a better role, improve our understanding and control of market rules, improve the efficiency and effectiveness of resource allocation, promote the concentration of resources to high-quality enterprises and products, and promote the free flow and aggregation of innovative elements, so that innovation can become a powerful kinetic energy for high-quality development. The second is to give play to the role of the government, implement targeted industrial policies, and promote industrial upgrading and power transformation. At the same time, the government should play its role in maintaining macroeconomic stability, strengthening and optimizing public services, ensuring fair competition, making up for market failures, strengthening market supervision and maintaining market order.
Correctly handle the relationship between short-term and long-term
Promoting high-quality development is both goal-oriented and problem-oriented. It involves both the present and the long term. It is necessary to correctly handle the relationship between short-term and long-term. In the long run, high-quality development should improve the total factor productivity through quality change, efficiency change and power change, and strive to accelerate the modern industrial system of coordinated development of real economy, scientific and technological innovation, modern finance and human resources, realize socialist modernization and build a modern power. In the short term, the promotion of high-quality development is faced with the imbalance between supply and demand of the real economy, the imbalance between the real economy and the virtual economy, serious environmental pollution, the degradation of the ecosystem, the people’s demand for a good ecological environment can not be met, and the gap between urban and rural development and regional income distribution is still large. In the process of transition to high-quality development, it will inevitably bring new risks. Therefore, in the process of promoting high-quality development, we must correctly handle the relationship between short-term and long-term, maintain the coordinated and smooth development of major regional economic relations, solve outstanding problems in a targeted manner, put the current prevention and resolution of financial risks and social stability risks in the first place, hold the bottom line that systematic financial risks will not occur, and lay three tough battles to create a good economic and social order and environment for high-quality development.
(Author: Ren Baoping Unit: Northwest University China Western Economic Development Research Center)