General Secretary Xi Jinping has pointed out that the key to building a new pattern of development is unimpeded economic circulation, and the most essential feature of which is to achieve a high level of self-reliance and self-improvement. In the period after the world financial crisis, trade protectionism and unilateralism increased, and the cross-border layout of global value chains encountered more obstacles. COVID - 19 after outbreaks, many countries in the lockout "life" and restart the economy "development" between the risk.however, missed the fast key window period, control the spread of the global economic development, the tendency obvious, international supply chain appear serious plugging point even breakpoints, to the international network of division of labor and the open world economy have a negative impact, Globalization has entered a period of adjustment.

In China, in the face of the impact of the epidemic, the Central Committee of the Communist Party of China (CPC), adhering to the concept of "putting people first and life first", promptly pressed the button of suspending economic and social development, devoted all efforts to the fight against the epidemic and achieved major strategic results in a relatively short period of time, thus achieving positive economic growth. The sharp contrast between China and the rest of the world further strengthens our confidence in building a new pattern of development. In the face of the unprecedented complex changes in the past century, we set out from the perspective of security and pursue a high level of economic independence. Plan from the Angle of development, explore the high level of economic self-improvement. By seizing opportunities through self-reliance and self-improvement, China has gone upstream to achieve a leap in overall national strength, and contributed to the building of an open world economy and a community with a shared future for mankind.

To achieve self-reliance and self-improvement at a high level, we must stick to the main task of deepening supply-side structural reform. In the past 40 years of reform and opening up, China has leveraged its advantages in labor and other factor endowments to become the "factory of the world", enjoying a global reputation for big country manufacturing. However, the current international situation is becoming more complex, the risk of "supply cutoff" in key industrial chains continues to exist, and safety issues are prominent. At the same time, the relative advantages of domestic production factors have changed, and the pressure of transformation and upgrading remains unabated. To further improve the level of China's manufacturing industry and move up the middle and high end of the global value chain, we must take measures from the supply side to achieve self-reliance and self-improvement on the supply side. In the concrete implementation, we should focus on scientific and technological innovation, strengthen original innovation to break through the bottleneck of core technology, and improve the supply capacity of domestic supply chain in the field of key parts production. At the same time, we will strengthen the connection between the innovation chain and the industrial chain to modernize the industrial chain. We will strengthen supply-side structural reform, focus on market-based and law-based approaches, further consolidate previous achievements, continue to enhance the vitality of micro entities, continue to upgrade the industrial chain, and strive to smooth economic circulation. Through reform, we will enhance our capacity for effective supply, remove bottlenecks and blockages, and achieve unimpeded economic circulation.

To achieve a high level of self-reliance and self-improvement, we need to strengthen demand-side management and build a super-large domestic market. At a time when the world is undergoing profound changes unseen in a century, markets are increasingly becoming a scarce resource in global competition. We should continue to consolidate our market resource advantages, strengthen demand side management, and continue to build a super-large market. In doing so, we should fully unleash the potential of domestic demand, open up consumer markets in urban and rural areas, and promote the rapid development of new forms and models of consumption, including online shopping, mobile payments, online education, and medical care. We will step up the development of data centers, the industrial Internet, the Internet of Things and other new types of infrastructure, and actively expand the application scenarios of artificial intelligence, 5G and other technologies in the consumer sector. Based on the long-term, we should establish an effective system to expand domestic demand, explore the implementation of "one according to multiple address" to further optimize the business environment of new consumer enterprises, accelerate the improvement of relevant labor security system to encourage the development of new employment forms, break down regional barriers and continue to promote the construction of market integration. We should advance the rural revitalization strategy, develop a new type of urbanization, improve the income distribution structure, raise the middle-income group, and lay a solid foundation for building a super-large market.

To achieve a high level of self-reliance and self-improvement, we must build a new pattern in which both domestic and international cycles reinforce each other. Globalization is still the most effective way to optimize the allocation of global resources, but the difficulty lies in the huge differences in the stage of economic development among countries, which makes it difficult to reach consensus on how to achieve integration. In this context, to achieve the self-reliance and self-improvement of China's economy at a high level, it is necessary to take the domestic cycle as the main body and promote the mutual promotion of the domestic and international cycles. On the one hand, by strengthening the domestic cycle to shape the new advantage of China's international competition, on the other hand, by participating in the international cycle to improve the efficiency and level of the domestic cycle. In the concrete implementation, we should further strengthen the high-level opening up, continue to improve the business environment, and make China more attractive to global factor resources. We should give full play to China's market advantages, actively build world-class multinational companies based on China, gradually build a global value chain led by China, and enhance the international competitiveness of Chinese enterprises. While continuing to deepen opening-up based on flow of factors of production, we will steadily promote opening-up based on institutions such as rules and standards to help China's economy achieve self-reliance and self-improvement at a high level.

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