What are the two main ways of economic growth? What are the basic requirements for the transformation of China's economic growth mode?

There are two economic growth modes: extensive economic growth mode and intensive economic growth mode. The former emphasizes increasing income and realizing economic growth by increasing the number of production factors; The latter emphasizes improving the input-output relationship and realizing economic growth by improving the comprehensive (total) factor productivity.

The basic requirements for changing from extensive economic's growth mode to intensive economic growth mode are: from unilaterally pursuing the growth of total social production to highlighting the growth rate of output value, to improving the quality and efficiency of economic growth as the main purpose; From relying mainly on the expansion of production factors and increasing the input of people, money and materials, to relying on scientific and technological progress and improving the quality of workers and improving the productivity of comprehensive production factors as the main means; From spreading new stalls and expanding investment scale to making full use of existing foundations, upgrading and tapping potential is the main way; From periodic economic growth to rapid, healthy and sustainable economic development.

The key to realize the transformation of economic growth mode is to deepen reform and form an economic operation mechanism conducive to intensive economic growth. (1) Form an enterprise management mechanism that is conducive to saving resources, reducing consumption and increasing benefits. (B) the formation of a mechanism for technological progress conducive to independent innovation. (3) Forming a market mechanism conducive to fair competition and optimizing resource allocation. (4) Form a macro-control mechanism conducive to intensive growth.