Why is it said that "investment, consumption and export" are the troika that drives economic growth?

From the perspective of expenditure, GDP is the sum of final demand-investment, consumption and net export, so investment, consumption and export are often compared to the "troika" that drives GDP growth in economics, which is the most vivid expression of the principle of economic growth.

Demand actually tells us where the market is. The old demand is the traditional troika, namely investment, consumption and net export. The new expression of the "Troika" relationship by the Central Committee is scientific, reasonable and forward-looking. It is necessary to reform the existing institutional problems, so that the three major needs can be properly placed, perform their duties and play a better role.

According to the published data, in 20 13 years, among the "Troika" driving China's economic growth, the overall performance of investment and consumption was stable, domestic demand became the main driving force for growth, the import and export of foreign trade improved, and the adjustment of the three major demand structures showed initial results.

Extended data

Although the demand structure that drives China's economic growth has undergone gratifying changes, there are still some problems such as over-reliance on investment, insufficient consumption base, and external demand support to be improved, and the effective demand of the "troika" needs to be further released.

Expert analysis pointed out that although the central government's efforts to encourage private investment are firm, and although many monopoly areas have opened their doors to private capital, there is still a long way to go to truly implement and promote the great development and prosperity of private investment.

More efforts are needed to play the basic role of consumption in the future. It is necessary to release the consumption potential and fill this "short board" through economic restructuring and the release of reform dividends. Expanding consumption is a systematic project, which needs various reforms and policy support, involving income, social security, real estate regulation and so on. And improve the consumption environment and cultivate new consumption hotspots.

Baidu encyclopedia-troika

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