4.6 What are the "three difficult choices" for factor-driven economic development?

Preserving growth, preserving employment, and guarding against financial risks.4.6 Factor-driven refers to a development approach that moves away from relying primarily on inputs of various factors of production (e.g., land, resources, labor, etc.) to promote economic growth, as well as a development approach that draws development impetus from the market's demand for factors of production. Its main trilemma choices are mainly three points.

1, the government, for one thing, to maintain growth, there can not be a hard landing of the economy, or all lose.

2, the second is to preserve employment, while improving people's livelihoods, otherwise the legitimacy of the ruling are affected.

3, the third is to prevent financial risks, otherwise the outbreak of a financial crisis, the momentum as a wildfire, unstoppable. These three goals are all important, but they are in conflict with each other.