How to release the potential of domestic demand

Science and technology innovation plays an important role in driving economic growth, which can promote the optimization and upgrading of the economic structure, the upgrading and transformation of industries, and the release of domestic demand potential.

Science and technology innovation promotes the optimization and upgrading of economic structure. The traditional industrial structure mainly relies on labor-intensive industries, with an excess of low-level repetitive labor and low technological content and added value. The acceleration of scientific and technological innovation promotes the development of emerging industries, such as high-tech industries, new material industries, new energy industries, etc. These emerging industries have high technological content, high value-added and high profitability, which promotes the optimization and upgrading of economic structure.

Science and technology innovation has promoted the upgrading and transformation of industries. The traditional industrial structure is mainly dominated by low-end industries, such as labor-intensive industries and large-scale manufacturing. These traditional industries are facing many problems such as rising resource costs, rising labor costs, and increasing environmental pressure. The acceleration of scientific and technological innovation has promoted the upgrading and transformation of traditional industries, and improved the technological content and comprehensive competitiveness of industries. For example, the application of intelligent manufacturing technology can improve production efficiency and product quality, reduce costs and improve competitiveness.

Capability of scientific and technological innovation

First of all, the ability of scientific and technological innovation is still relatively weak, and needs to be increased, although China's investment in scientific and technological innovation has increased year by year, but it is still relatively insufficient, the investment in scientific and technological innovation should be paid more attention to, and the proportion of the investment of the funds should be raised, to increase the support for scientific and technological innovation.

Secondly, the coordinated development of scientific and technological innovation and industrial structure is still insufficient. Scientific and technological innovation promotes the optimization and upgrading of the economic structure, but at the same time, it also brings some new problems, for example, the new industries have relatively high requirements for the labor force, while the labor force of the traditional industries is facing difficulties in transferring to other jobs, so the coordinated development of scientific and technological innovation and industrial structure is very important, and while scientific and technological innovation is being carried out, the training and education should be strengthened to improve the quality of the labor force. Strengthen training and education to improve the quality of the labor force and reduce the risk of structural imbalance.