The present situation and direction of China's economic development

China's economic development needs multi-dimensional comparison. In terms of economic aggregate, China is currently the second in the world; From the perspective of economic growth, although economic growth has declined in recent years, it has maintained a certain degree of growth. However, from the perspective of economic structure and development quality, there are many problems in the economic field, and the superposition of various contradictions brings great risks to the economic prospects. The overall evaluation of China economy is still big but not strong; The industrialization process has not been finally completed; Overcapacity still exists in some areas; The tendency that the economy is divorced from reality and moves towards emptiness is worth noting; The problem of low income and low benefit of rural agriculture is still unsolved; The unfair income distribution and the widening gap between the rich and the poor are worthy of vigilance; Because most of the products provided by China are products with comparative advantages of labor force, they are still in a low-end position in the international industrial chain.

As for the next direction of economic development, the overall orientation of the 19th National Congress is to form a new system of economic development. To establish a new management system and a new business format, it is necessary to continuously promote the strategic adjustment of the economic structure, and must focus on improving the demand structure, optimizing the industrial structure, promoting regional coordinated development, and promoting urbanization. The adjustment of industrial structure should take the adjustment of industrial technology structure as the basic direction and the promotion of its position in the international industrial chain as the main goal, and be carried out in two directions: one is to promote the upgrading of traditional industrial technology structure, and the other is to promote the innovation of new industries, new products and new technologies. The adjustment of the technical structure of industrial departments should focus on promoting the wide application of new technologies and the transformation of traditional technological processes, encouraging technological development and product innovation, and guiding more production factors to flow to industrial departments and industries with complex technologies. The adjustment of the technical structure of the service sector should not only upgrade and transform traditional industries such as logistics and transportation with new technologies, but also vigorously develop modern service industries with complex technologies such as finance, insurance and information transmission, with special emphasis on the development of various producer services including industrial design. To solve the problem of widening the gap between the rich and the poor, in addition to increasing social security and promoting educational equity, in order to avoid excessive concentration of social wealth, we should appropriately increase the capital gains tax and expand the scope of capital gains tax.

In the relationship between the government and the market, the government should learn to resist the impulse of administrative intervention and leave the problems that should be solved by the market to the market to adjust. Efforts should be made to promote institutional reform and innovation, provide more powerful institutional guarantee for the market economy, and promote the formation of a more open and fair market environment. Only by giving full play to the market regulation function, the combination of economic factors will be more effective, and the economic structure can be adjusted faster along the direction of continuously improving efficiency and fairness.