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We will continue to focus on the real economy in developing the economy

"The real economy is the foundation of a country's economy, the fundamental source of wealth creation, and an important pillar of national prosperity";

"For such a big country to be strong, we need to rely on the real economy, not bubble";

"We must focus on the real economy, continue to make unremitting efforts, and climb the world peak";

...


The words "foundation", "fundamental source" and "important pillar" are of great importance. The dialectic of "need" and "cannot" has profound implications and vividly illustrates the vital weight of the real economy.


The higher the level of the real economy, the stronger the economic strength and the stronger the ability to withstand risks. This is the hard truth of modern economic development. Looking back at the world since the outbreak of the international financial crisis in 2008, Germany has been among the first countries in the European Union to pull itself out of recession. Moreover, the serious problems of hollowing out industry, rising unemployment rate and widening income gap in some Western countries fully demonstrate this hard truth. The Chinese economy started by relying on the real economy, also rely on the real economy to go into the future. Taking history as a mirror, we need to stand firm in the face of changes in the international economic landscape and challenges. We should also rely on revitalizing the real economy to lay a solid foundation for steady growth and proactive competition.


The manufacturing industry is the backbone of the real economy. Innovation is fundamental to the development of the manufacturing industry, and the main body of innovation is the enterprise. "For the direction of the target, to advance planning and layout, increase investment, and strive to overcome a number of key core technology, accelerate the pace to catch up with and even lead" "to seize the opportunities brought by new technological revolution, will gather to key areas of superior resources, strive for a breakthrough on the key core technology" "mastered the first-class technology, the traditional industry can also become a sunrise industry"... The requirement that puts forward to developing modern manufacturing industry is also the path that grasps development initiative right in deployment.


Pulse orientation, manufacturing power sonorous steps. During the extraordinary decade of the new era, the "Micius" quantum science experiment satellite, the C919 aircraft, the Tianma Telescope, the "Tiankun" heavy self-propelled hanger-and-suction vessel... One after another, a great weight came out of the sky; High-speed rail has formed a complete industrial chain and gone abroad, the Beidou navigation system has begun to provide services to the world, and the world's first intelligent crane production line was born in China... Wave after wave of innovation and breakthrough leads the world; The share of manufacturing value added in the global market increased from 22.5 percent to nearly 30 percent, the export of high-tech products increased from 3.8 trillion yuan to 6.3 trillion yuan, and the operating revenue of China's Top 500 manufacturing enterprises increased from 23.38 trillion yuan to 47.11 trillion yuan... A group of bright data labeled height.


While acknowledging our achievements, we are also keenly aware of the difficulties and fluctuations in the real economy. The COVID-19 pandemic has intensified the evolution of the international landscape and intensified competition among countries on the real economy. Some developed countries have even taken advantage of the pandemic to encourage "de-China-ization" and "localization" of industrial chains. In the past few years, China's real economy has gone through extremely difficult times. Some industries have failed to make fundamental breakthroughs in core and key technologies, and are still facing a "crunch" crisis. Some industries lack core competitiveness and have long been in the middle and lower reaches of the international industrial chain and value chain; Homogeneous and low-level development in some areas leads to low efficiency and low self-sufficiency in high-end and high-quality products. Some enterprises are trapped in resource and energy constraints, and the uncertainty of development has increased significantly.


It is a long way to go to build a strong manufacturing country. To meet difficulties head-on and move industries toward the medium-high end, we need to make targeted efforts to focus resources and factors on the real economy, give more weight to policies and measures, and strengthen work forces on the real economy.


-- Accurately grasp the relationship between "real" and "virtual". "Economic development should never turn from real to virtual at any time." "We should combine reality with reality and base it on reality." The real economy is the foundation of finance, and finance is the lifeblood of the real economy. It is the duty of finance to serve the real economy, and to meet the needs of economic and social development. Since the beginning of this year, in the face of downward pressure, we have provided higher quality and more efficient financial services for the development of the real economy by adding more structural monetary policy tools and subtracting enterprises' comprehensive financing costs, and private enterprises have gained more "running water" of credit.


-- Accurately grasp the relationship between "Revolutionary reason" and "Ding Xin". "We will continue to focus on making the real economy stronger and better, transform and upgrade traditional industries, and develop and grow strategic emerging industries." This requires great efforts in "transformation" and "education". We will vigorously "transform" with the help of new technologies, take supply-side structural reform as the main task, rebuild the industrial foundation and upgrade the industrial chain, and promote the digital, networked and intelligent upgrading and transformation of traditional industries. We will target high-end and cutting-edge industries and make breakthroughs in fostering and developing high-end industries such as digital economy, artificial intelligence and quantum technology, so as to create more new growth points and poles, seize the commanding heights of future industrial development, and achieve high-quality development based on scientific and technological innovation.


-- Accurately grasp the relationship between "support" and "optimization". "Infrastructure is an important support for economic and social development. We should coordinate development and security, optimize the layout, structure, function and development model of infrastructure, build a modern infrastructure system, and lay a solid foundation for building a modern socialist country in an all-round way." In this process, both to increase investment in areas such as transportation, water conservancy, energy, swallow the infrastructure, network planning in advance, the overall layout, industrial upgrading, national security, such as infrastructure, accelerate the 5 g, artificial intelligence, industrial new infrastructure investment, such as the Internet, paved for the long-term development of the "highway".


To revitalize and develop the real economy, we must put it in a broader historical dimension. Economic development is a systematic project that requires coordination among all sectors. It is not possible to focus on the real economy and develop the manufacturing industry based on the manufacturing industry. The building of a strong manufacturing, quality, cyber and digital China needs to be coordinated. This is a huge challenge, but it also breeds new opportunities.


"To develop, China ultimately needs to rely on itself." By focusing on the real economy, revitalizing it, and making it more competitive, innovative, and risk-resistant, we will surely be able to make sure that the Chinese economy can ride the waves, sail ahead steadily, and achieve each of the ambitious goals we have set.


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