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As early as January 21, 2015, when Premier Li Keqiang made a special speech at the Davos Forum in Switzerland, he first proposed the two keywords of “double high†and “double engineâ€. Li Keqiang pointed out that the Chinese economy must maintain medium-to-high-speed growth for a long time and move to the middle and high-end level. It must use the "two hands" of the government and the market to open the "dual engine." The first is to create a new engine, promote mass entrepreneurship, innovation, release the wisdom of the people, enhance the well-being of the people, realize the value of life, promote the vertical flow of society, and promote social fairness and justice. The second is to transform the traditional engine, the focus is to expand the supply of public goods and public services, and fill in the "short board". The government must increase financial input, increase investment and financing, price system reform, actively mobilize social forces to participate, and deepen fiscal and taxation. System reforms such as finance, strengthening market supervision and establishing a level playing field.
Double, medium and high, twin engines, this statement not only makes the world shine, but also becomes the main tone of China's economic development in 2015. The clear signal from Premier Li Keqiang’s speech is that from the traditional investment, consumption and export “troika†to “dual engineâ€, the context of the Chinese economy has changed more clearly.
Zhang Lianqi, a member of the National Committee of the Chinese People's Political Consultative Conference and an economist, commented that under the new economic normal, China has slowed its economic growth rate to “middle and high-speed†and upgraded its development target to “medium and high-endâ€, which is in line with the inherent laws of economic development and further promotes structurality. The need for reform. Because our economy is very large, with an annual growth rate of around 7%, the annual GDP increase has reached more than 800 billion US dollars, equivalent to more than 4,800 billion yuan, which is almost equivalent to the total GDP in 1996. Compared with before, every time it grows by one percentage point, its content, quality, efficiency and structure are completely different. This is a very simple and profound truth. Our own space for maneuver is relatively large and the toughness is relatively strong. The speed of China's economic "train" is slowing down, but it is not stalling.
Two months after Premier Li Keqiang proposed "double high and high" and "dual engine", the "double engine" to create a "double high" statement was written into the government work report.
Since then, the “double engine†of “mass entrepreneurship, innovation†and “increasing the supply of public goods and public services†has been running through the executive meeting of the State Council in 2015. “Public entrepreneurship and innovation†appeared in the conference. The frequency is quite high -
On January 28th, the State Council executive meeting confirmed that it supports the development of the “Popular Creation Space†policy measures, builds a new platform for entrepreneurial innovation, fosters the maker culture, and makes entrepreneurial innovation a common practice.
On June 4th, the State Council executive meeting proposed to remove restrictions on household registration and education that impede the free flow of talents, and create conditions for entrepreneurial innovation.
On June 10th, the State Council executive meeting clearly stated that it supports migrant workers, college students and retired soldiers to return to their hometowns to start their own businesses. Through mass entrepreneurship and innovation, the towns and villages in Guangzhao are prosperous.
On October 21, the State Council executive meeting emphasized that improving the R&D expenses plus deduction policy is an important measure to implement the innovation-driven development strategy, to promote structural investment, to promote effective investment, to promote “double innovation†and to promote industrial upgrading.
This series of measures has greatly promoted the enthusiasm of public entrepreneurship innovation. In 2015, China's market players continued to maintain a good momentum of rapid development. There were 4.439 million new registered enterprises nationwide, an increase of 21.6% year-on-year, and an average of 12,000 new registered enterprises per day, a record high.
As another important part of the “dual engineâ€, improving the efficiency of public goods and public services and increasing supply are also the focus of government work in 2015.
Premier Li Keqiang has cited such a set of data: At present, the stock of public facilities in China is only 38% of Western European countries, 23% of North American countries, and the service industry level is 10% lower than that of the same developing countries, while the urbanization rate is More than 20 percentage points lower than developed countries.
Xiang Songzhen, chief economist of the Agricultural Bank of China, pointed out that in the process of building a traditional engine, it is the key to improve the development of the service industry through the hands of the government. The level of China's service industry is relatively backward, and everyone can feel that the feelings of the less developed regions and rural areas are even stronger. Our development over the past 30 years has been driven by manufacturing and infrastructure. In the future, we must seize the core concerns of the people and promote the growth of the service industry and stimulate China's economic growth.
For example, he said that our educational resources, especially good educational resources, are very scarce. Even in a capital city like Beijing, everyone wants to break their heads in order to get a good middle school and a good kindergarten. For example, in hospitals, people all over the country To go to Beijing to see a doctor, people in Beijing must go to the Union Hospital to see a doctor; as for cultural and recreational facilities, many rural areas basically do not.
To solve the concerns of the people, it is necessary to raise the awareness of the government's public service. Such a policy has also been intensively released in the executive meeting of the State Council in the past year -
On February 25th, it was decided to further strengthen the renovation of urban shanty towns and urban and rural dilapidated buildings and the construction of supporting infrastructure.
On May 13, the government and social capital cooperation model were deployed to promote social resources and increase the supply of public goods and services.
On June 17, the deployment increased the effective investment in key areas and played the multiple roles of stabilizing growth, restructuring, and benefiting people's livelihood.
On August 28th, the State Council executive meeting deployed to promote the construction of urban underground integrated pipe corridors, expand the supply of public goods and improve the quality of new urbanization.
Ma Qingbin, an associate researcher at the China International Economic Exchange Center's regional research department, said that the words "dual engine" and "double high" will be the main players in economic and social development for a long time to come. It is a strategic move proposed by China for the main contradiction of special development stage and economic and social development. Since the 18th National Congress, we have emphasized that the market should play a decisive role and at the same time better play the role of the government. In fact, the "dual engine" itself is a policy implementation that achieves a good combination of the government's "tangible hand" and the market "invisible hand". The main purpose is to stabilize growth, adjust the structure, and benefit the people's livelihood.
“Double and Medium High†puts forward the economic development goal under the new normal, and “Double Engine†provides the driving force to achieve the goal. Ma Qingbin believes that from the practical point of view, our economic growth has changed from “high speed†to “medium speedâ€; at the same time, from “traditional drive†to “dual engine driveâ€, our development quality is also moving towards “high-end†". In other words, just in the past 2015, "dual engine" is strongly promoting "double high". This is exactly what we hope to see.
Abstract According to the Voice of Economics "Chaoguang Finance Review", the Chinese economy has entered a new normal, how to maintain a stable development in the new normal? What is the grasp of economic work? Just past 2015, Premier Li Keqiang gave a wonderful solution, through the "double engine...
According to the Voice of Economics "Chaoguang Finance Review", China's economy has entered a new normal, how to maintain a stable development in the new normal? What is the grasp of economic work? Just in 2015, Premier Li Keqiang gave a wonderful solution to promote "double high" through "double engine."