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.
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 约7折“抄底”剩余50%股权，领展全资吞下上海万科七宝项目，6个月过渡期后拟更名 对于此次7折收购七宝万科广场剩余50%股权，领展资产管理发言人向《每日经济新闻》记者介绍： 七宝项目规模庞大且兼具长期增长潜力， 中新经纬2月22日电 据国家市场监督管理总局网站消息，自新国标发布实施后，婴幼儿配方乳粉(以下称婴配乳粉)产品配方按新国标注册攻坚工作进展顺利，截至目前，共计1127个配方通过注册。 市场监管总局表示，婴幼儿配方食 贵州毕节：蓄势赋能谋发展 高质量推进新型工业化 中新网贵州毕节2月22日电 题：贵州毕节：蓄势赋能谋发展 高质量推进新型工业化 作者 高大涛 陈曦 中国龙年春节假期，贵州省毕节市黔西市新仁乡化屋村游人如织。 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 中新经纬2月22日电 证监会辽宁监管局网站22日消息，经查，辽宁中鑫华资产评估事务所(有限合伙)从事证券服务业务，未按规定向中国证券监督管理委员会备案。 辽宁证监局认为，以上行为违反了《证券服务机构从事证券服务 。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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