Pulling China's economic growth "troika" is what?

The "troika" of China's economic growth are: investment, consumption and exports.

Economic growth refers to the increase in the volume of products and services in a country over a certain period of time, and the indicator used to measure economic growth in economics is GDP (GNP) or its average value. The relationship between the "Troika" and the country's economic growth, as follows.

1, investment

"Investment" refers to fiscal spending, that is, the government through a series of fiscal budget, mainly including the issuance of bonds, education, science and technology, national defense, health and other undertakings of the expenditures, used to support the expansion of domestic demand.

The main realization is: investment driven GDP growth (percentage points) = investment driven rate × GDP growth rate?

The "investment pull rate" here, also known as the pull rate of investment on GDP growth, usually refers to the economic growth rate of investment demand in the share of the pull, also known as the contribution of investment to GDP growth.

2. Consumption

"Consumption" refers to internal demand, i.e., the consumption demand of the country's residents, and the country's internal demand is the main driving force of the economy.

The main realization: consumption pull GDP growth (percentage points) = consumption pull rate × GDP growth rate

Here "consumption pull rate", also known as the consumption of GDP growth rate, usually refers to the economic growth rate of the share of consumer demand pull, also known as the contribution rate of consumption to GDP growth. contribution rate.

3, exports

"Exports" refers to external demand, that is, through the products of domestic enterprises to enter the international market, to participate in international competition, in order to expand the sales of their products.

The main realization: net exports pull GDP growth (percentage points) = net exports pull rate × GDP growth rate

The "net exports pull rate" here, also known as the net exports to GDP growth rate, usually refers to the share of the economic growth rate of the net exports pull, also known as the net export contribution rate to GDP growth. GDP growth contribution rate.

Expanded Information

I, the troika drive economic growth

1, investment and economic growth

Investment is an important part of the aggregate social demand, it will have a direct impact on the total amount of aggregate demand and structure, but also an important way to increase the total social supply, through increased investment can expand the productive capacity of society.

Investment and economic growth is a mutually reinforcing and constraining relationship. Generally speaking, the moderate growth of investment can promote lasting economic development; insufficient investment growth may slow down the economic development; too fast investment growth may trigger economic overheating.

2. Consumption and economic growth

Consumption is the real final demand for economic growth, the fundamental driving force for stable economic growth, and an important part of aggregate demand. Relative to the developed market economy, China's consumption rate is relatively low, but still higher than the investment rate, the role of consumer demand in promoting the economy is greater than investment demand.

Consumption demand is the purpose of production, which can create the impetus for production and stimulate investment demand to promote economic development.

3, exports and economic growth

External demand directly or indirectly stimulate domestic demand from different aspects, forming a "export - driven by the development of related industries in the country - to provide a large number of employment jobs - improve the income level of residents - expand consumer demand" or "exports - relieve domestic production capacity Reduce the bankruptcy of related enterprises - Increase the tax revenue of the country - Expand the domestic investment demand and consumption demand". "pull chain".

So, in order to expand domestic demand as the macroeconomic control foothold at the same time, can not be ignored or underestimated the role of stabilizing foreign demand, the need to continue to pay attention to and support the development of foreign trade, give full play to the multiplier effect of foreign trade on the upstream and downstream industries, to achieve the external demand driven by domestic demand to domestic demand to promote external demand.

Second, the new troika

"The new troika" mainly refers to the latest "troika" to promote China's economic development, they are: new investment, new consumption and "one belt, one road". One Road".

1, the new investment mainly refers to the public **** consumption-based basic investment and industrial transformation and upgrading. It mainly includes three aspects:

(1) public ****consumption-based basic investment, including high-speed rail, subway, urban infrastructure, disaster prevention and resilience, waste and water treatment in rural areas, improvement of air quality, and construction of public ****security housing.

(2) Greening of existing capacity and industrial transformation and upgrading. Only the five major energy-consuming industries (non-ferrous metals, iron and steel, electric power, chemical industry, building materials), update once again high-polluting, high-energy-consuming production capacity, it will take about ten years, and it will pull GDP growth of 1% per year. With the ageing of the population, the burden of brain disease in China may reach trillions of dollars a year.

(3) The development of the senior care industry requires large investments. The senior care industry is a new industry developed with the aging of the population, which is a comprehensive industrial system providing products or services for the elderly population to meet their needs in clothing, food, housing, transportation, and spiritual culture, including the manufacturing and retailing of senior supplies, the senior care healthcare and medical service industry, the senior care education service industry, the senior care spiritual, cultural, and entertainment industry, and the senior care personnel training industry.

2, new consumption is the key to economic transformation. New consumption mainly refers to culture, leisure, tourism, health, education, information, environmental protection and new energy consumption.

3, to promote the "One Belt, One Road" strategy, to give full play to the comparative advantages of various regions in China. First, the northwest and northeast. Give full play to the unique location advantages of Xinjiang and the role of an important window to open up to the west, deepen exchanges and cooperation with Central Asia, South Asia, West Asia and other countries to form an important transportation hub on the Silk Road Economic Belt, trade and logistics, and cultural, scientific and educational centers, to create the core area of the Silk Road Economic Belt.

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