By Chen Tianhao, Zhao Li
(ECNS) -- In the latest episode of China Answers, Robert Lawrence Kuhn, Chairman of the Kuhn Foundation, is invited to ask some questions he has about China's high-quality development after carefully studying the Communiqué during the Third Plenary Session of the 20th CPC Central Committee. He has authored several books focused on China's development, offering profound insights into China's reform and opening-up. His works are regarded as exemplary in telling China's story to the world.
Kuhn believes that China's economy is shifting from high-speed development, which is high GDP, to high-quality development. So he asks Yao Yang, Boya Chair Professor and the Director of the China Center for Economic Research at Peking University: what do we mean by high quality?
Yao answers the question with deep analysis, noting that high-quality development should be considered in the context of China's economic growth over the past 20 years. In the first decade of this century, Yao says, China was experiencing high-speed growth, but China's growth model was extensive expansion, focusing on exports and investment expansion. This growth model achieved great success, but since 2010, China's growth model has begun to change.
Yao further adds that internationally, overall demand slowed down due to the global financial crisis, and China's domestic economic situation was also changing, with people's income levels rising. Therefore, the shift from an extensive expansion growth model to an intensive growth model focused on domestic demand began.
In Yao's perspective, China's economic resilience is strong, which is reflected in two aspects - innovation’s role as a powerful driving force for China's economic growth, and enhancing the connection between China and the world.
Yao stresses that high-quality development focuses on technological progress. In the past, China rarely achieved its own technological advancements. But in the past decade and more, due to economic structure adjustment and emphasis on high-quality development, China has made progress in many fields, and is leading the world even in areas of AI, new energy and so on.
So Yao predicts that China's future growth will no longer be driven by investment and exports only, but also by R&D and technological progress. In addition, China's growth is also beneficial for the world, according to Yao, because when Chinese companies venture out, they will bring their advanced technologies along.
【隔夜重磅】 特朗普“带货”卖鞋，一双399美元 据美联社18日消息，美国前总统唐纳德・特朗普近日突然出现在费城会议中心，并推销一款特朗普品牌球鞋，这双鞋定价399美元(约合2800元人民币)，被命名为“永不言败高帮 春节档缘何爆发“撤档潮” 2024年春节档以80亿总票房打破多个纪录，迎来开门红。而8部影片有4部官宣“退档”，也为这个春节档带来了“史上罕见”的标签。一时全网哗然，#我也退出了春节档#、#撤档元年#等成热门话题 平台数据显示春节中国游客足迹遍布全球1700多个城市 中新社北京2月17日电 (记者 刘亮)中国在线旅游平台去哪儿17日发布的数据显示，今年春节假期中国游客足迹遍布全球115个国家，覆盖全球1754个城市。 据去哪儿 娃哈哈董事长宗庆后转入ICU救治 公司昨晚声明：目前情况稳定每经记者 黄鑫磊 叶晓丹 2月22日，杭州阴雨，气温骤降。 当日下午，有消息称杭州娃哈哈集团有限公司(以下简称娃哈哈)董事长宗庆后近日因身体不适入院治 最高法：加强种业知识产权保护 全面落实惩罚性赔偿制度 在国务院新闻办公室2月22日举行的发布会上，最高人民法院知识产权法庭副庭长中林介绍，法庭5年来共受理案由为植物新品种纠纷的案件481件，审结364件，已涵盖了主 多家钛白粉企业再度宣布涨价 2月22日，钛白粉企业金浦钛业发布公告宣布涨价，金浦钛业表示，自2月22日起，公司锐钛型钛白粉销售价格上调800元/吨，对国际各类客户上调110美元/吨；金红石型钛白粉销售价格上调600元/吨，对国 。本文链接：China Answers | Chinese and American economists: Significance and future of China’s high-quality devhttp://www.sushuapos.com/show-5-26665-0.html
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