Accelerating the building of a new development pattern, with the major domestic cycle as the main body and the double domestic and international cycles reinforcing each other, is a major decision made by the CPC Central Committee with Comrade Xi Jinping at its core in response to changes in China's development stage, environment, and conditions, and a strategic choice to restore China's new advantages in international cooperation and competition. Compared with the development mode of market and resources, the new development pattern is mainly new in the following aspects.

More emphasis should be placed on the guiding role of new development concepts. It is determined by the theoretical logic, historical logic and realistic logic of China's economic and social development that we should base ourselves on the new development stage, implement the new development concept and construct a new development pattern. The historical orientation of China's development has been clarified based on the new stage of development, the guiding principles of China's modernization have been clarified by the implementation of the new development concept, and the path of China's economic modernization has been clarified by the construction of a new development pattern. Grasping the new development stage is the practical basis for implementing the new development concept and constructing the new development pattern. Implementing the new development concept provides an action guide for grasping the new development stage and constructing the new development pattern, and constructing the new development pattern is the strategic choice for coping with the opportunities and challenges of the new development stage and implementing the new development concept. Therefore, it is necessary to understand the new development pattern from the overall height and adhere to the new development concept to guide the construction of the new development pattern.

Pay more attention to the major domestic circulation of the main position. In recent years, as the external environment and the factor endowment of China's development have changed, the driving force of the international cycle outside the market and resources has weakened significantly. The degree of dependence on foreign trade has gradually dropped from the historic high of 64.2% in 2006 to 31.6% in 2020. The ratio of current account surplus to GDP dropped from 9.9% in 2007 to less than 2% in 2020. At the same time, the potential of domestic demand has been released, the contribution to economic growth has been increasing, and the vitality of the domestic major cycle has been increasingly strong, indicating that the Chinese economy has been shifting to a major domestic cycle. It is the general trend of China's economic development to emphasize "the major domestic cycle as the main body" and strengthen the role of domestic demand in driving domestic economic growth. Emphasizing the dominant position of the domestic major cycle is by no means to belittle the international major cycle, but to make the domestic and international double cycle mutually promote.

Pay more attention to the unimpeded flow of economic cycle. The key to building a new development pattern lies in the unimpeded flow of economic cycles. It calls for deepening supply-side structural reform, connecting production, distribution, circulation and consumption, and ensuring unimpeded flow of economic cycles and smooth operation of industrial chains. Build a new development pattern, therefore, need to like attaches great importance to the production of attention to every link of circulation, distribution and consumption, while increasing the supply system of the suitability of domestic demand, and get through economic circulation plugging point, improve the integrity of the industrial chain, supply chain, become the main source of final demand, make the domestic market demand traction supply and supply creates demand a higher level of dynamic balance.

We will place greater emphasis on the security and stability of industrial and supply chains. The Central Economic Work Conference held at the end of last year stressed that "the security and stability of the industrial and supply chains is the foundation for building a new development pattern." In building a new development architecture, we must balance development and security, give security a higher priority, and maintain the security and stability of industrial and supply chains. We will coordinate efforts to strengthen weak links and develop long links, target weak links in industries, carry out projects to address key and core technologies, resolve a number of bottlenecks as soon as possible, intensively cultivate areas with strong industrial strengths, and vigorously modernize industrial chains and supply chains. To promote small and medium-sized enterprises to take the road of "specialized, specialized and innovative" and cooperate with large enterprises for development, improve the ability of small and medium-sized enterprises to resist risk impact, and further improve the security and stability of China's industrial chain and supply chain.

More emphasis will be placed on self-reliance and self-improvement in science and technology. As Xi Jinping pointed out, "The most essential feature of building a new development pattern is to achieve a high level of self-reliance and self-improvement." In building a new development landscape, greater emphasis will be placed on independent innovation. Insist on innovation in the core position in the global modernization construction in our country, strengthen the national strategy of science and technology strength, comprehensively strengthen the deployment of science and technology innovation, the collection resources, powerful and orderly to foster innovation research "JieBang 1" systems and mechanisms, strengthen the innovation chain and industrial chain, the development of the initiative in our own hands, support and achieve high level.

Source: State-owned Assets And Administration Commission of The State Council