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.
2024春节档：史上最火，史上最“卷” 羊城晚报记者 李丽 据国家电影局统计数据，2024年春节档总票房80.16亿元，在观影人次、场次和票房3个维度创造影史最高纪录。 过去10年间，看电影逐渐成为中国人过年的新民俗 增值税发票数据显示：春节假期中国服务消费火热 中新社北京2月18日电 (记者 赵建华)中国国家税务总局18日公布的增值税发票数据显示，今年春节假期(正月初一至初八)中国服务消费相关行业日均销售收入同比增长52.3% 外媒关注中国春节新变化：年味更浓、消费强劲、旅游更热 中新网2月18日电(魏晨曦)2024年春节是农历新年被确定为联合国假日的第一个春节，浓浓的年味，丰富的美食，消费的热潮……中国人把春节过出了新高度，中国经济的 为降低新一轮低温雨雪冰冻天气对农业生产带来的影响，湖北省沙洋县农业农村局组织技术服务指导组深入田间地头，重点围绕蔬菜大棚、油菜等主打产业，开展防冻避灾、病虫防控等全程技术指导服务，最大限度减少 各地开启龙年“抢人” 企业所求不止于短期用工 2024年刚刚“开局”，各地便已开始为复工“冲刺”。无论在沿海地区还是内陆城市，“抢人大战”热战正酣，专车接送、食宿全包......各地大招频出，力争在招工上“先人 福建今年首个核电机组工程开工 中新社漳州2月22日电 (记者 张金川)福建漳州核电3号机组22日开工建设，这是福建今年首台开工建设的核电机组，标志着漳州核电二期工程建设序幕全面拉开。 据悉，此次开工的二期工程 。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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