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The only way for China's economic development

CPC Central Committee general secretary and state President and central military commission President xi jinping recently in guangxi investigation pointed out that promote the development of economy, high quality, as well as deep understanding to carry out new development concept and building a new development pattern of principle to promote the development of local high quality requirements, and to accurately grasp the region in the services and integrated into the new development pattern of comparative advantage, Walk out a path of high-quality development in line with local realities.


Today, China's per capita GDP has exceeded US $10,000, and the Chinese economy has come to a stage where it is even more urgent to stray on a boat, and even steeper on a mountain road. To move forward and reach new heights, we need to rely on high-quality development. According to the Fourteenth Five-Year Plan and the Outline of 2035 Vision Goals, the economic and social development during the Fourteenth Five-Year Plan period will be "themed on promoting high-quality development". China "has moved to a stage of high-quality development" and "has many advantages and conditions for continued development". At the same time, there are still problems in China, such as unbalanced and inadequate development, arduous reform tasks in key areas and key links, and insufficient innovation capacity to meet the requirements of high-quality development. Therefore, high-quality development is the only way for China's economic development during the 14th Five-Year Plan period.


High quality development, innovation is very important. Facts tell us that innovation is the only way to improve ourselves and be the first. Major achievements of independent innovation are often rooted in profound basic research. However, the lack of independent innovation ability and investment in basic research have become the shortcoming of innovation. China currently spends only 6 per cent of its R&D spending on basic research, compared with 15 to 25 per cent in developed countries. The tree is a thousand feet high, but nourishment is still at the root. How to strengthen basic research and strengthen independent innovation? The 14th Five-Year Plan and the outline of the vision goals for 2035 have given a detailed path. China has important advantages in strengthening its capacity for independent innovation.


China has the advantage of a new national system. In national strategic guidance, China will be able to concentrate, collaborative research, arouse the enthusiasm of all parties, and promote independent innovation orderly flow and efficient allocation, promoting scientific research focused research, by making a strategic planning, based on a major scientific research platform, improve the scientific research organization system, promote the important way to promote the scientific research of innovation. The complete success of the Chang 'e-5 mission is a major achievement in harnesting the advantages of the new national system and overcoming difficulties.


There is demand in China on a massive scale. Huge market demand can often lead product development and promote technological innovation. In 2019, Chinese enterprises spent 1,942.18 billion yuan on R&D, accounting for 76.4 percent of China's total R&D spending, which is comparable to that of developed countries. During the 14th Five-Year Plan period, China will rely on its large-scale market application scenarios, strong manufacturing capacity and advanced infrastructure to further inject a steady stream of market impetus for innovation.


China has the world's largest talent pool of intellectual resources. Relevant reports point out that China's total scientific and technological human resources have theoretically exceeded 100 million. China is also actively attracting talents from all over the world. During the 14th Five-Year Plan period, China will further improve the evaluation system for scientific and technological talents based on innovation ability, quality, effectiveness and contribution, and implement a system such as "ranking list" to further stimulate the vitality of talents.


From the blueprint to the reality, from the advantages to the results, need to do. There is a long way to go for high-quality development and independent innovation.


Source: State-owned Assets and Administration Commission of the State Council