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China's economic giant will ride the wind and waves and continue to move forward

——China Economic Observation ②

Commentator of this newspaper
October 27, 2023 06:17 | Source: People's Daily
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Accumulate energy and force to climb the slope and cross the bank; Take advantage of the momentum to sail, and then we can break the waves.

General Secretary Xi Jinping pointed out that "China has the institutional advantage of a socialist market economy, the demand advantage of a super large market, the supply advantage of a complete industrial system, and the talent advantage of a large number of high-quality workers and entrepreneurs." These "four advantages", It profoundly reveals the solid support that China's development has always been in an invincible position in the fierce international market competition and the strategic game of major countries.

He who observes the situation is wise, and he who controls the situation wins. At present, many contradictions and risks and challenges have increased significantly, and China's development is facing an unprecedented complex environment. At the same time, it should be noted that China has entered a stage of high-quality development, and there are many advantages and conditions for continued development. Time and momentum are on our side, which is where our strength and confidence lie, as well as our determination and confidence. China's economy is a huge ship, which can withstand storms and tests. We are fully confident, confident and capable of writing a new chapter of the "Two Wonders" by enhancing our awareness of opportunities and risks, accurately recognizing changes, responding scientifically, and actively seeking changes, pooling development advantages, and enhancing development momentum.

The institutional advantage is the greatest advantage of a country and the fundamental guarantee for the formation of a grand force to overcome difficulties. Since this year, Shenzhou 16 and Shenzhou 17 have been successfully launched, continuing the "Flying Legend"; More than 20000 national high-tech enterprises set up the International Science and Technology Innovation Center to create "Shenzhen speed" again; The 19th Asian Games in Hangzhou made an amazing appearance, which was praised by the Asian Olympic Council as "an unprecedented success"; The national harvest of autumn grain has exceeded 80%, and "China's rice bowl" is firmly in hand... China's socialist market economic system is more systematic, complete, mature and stereotyped, showing extraordinary organizational mobilization, overall coordination, and implementation capabilities, providing an important institutional guarantee for us to deal with uncertainty. By giving full play to our institutional advantages, we can seize the opportunity to fight the strategic initiative of turning danger into an opportunity.

The market is the world's most scarce resource, and China is the world's most promising super market. China has a population of more than 1.4 billion, a per capita GDP of more than 12000 US dollars, and a middle-income group of more than 400 million people. It has a strong capacity for rapid recovery, innovation leadership, and risk resistance. China has remained the world's second largest consumer market and the largest online retail market, and has become the world's second largest import market for 14 consecutive years. Especially since this year, under the effect of a series of policies and measures to expand domestic demand and boost confidence, domestic demand has continued to expand, positive factors have accumulated and increased, and the super large market advantage is still obvious. Adhere to the people as the center, make the middle-income group more than 800 million in the next 15 years, promote the continuous development of the super large market, and will create favorable conditions for the continuous improvement of the economic operation.

A complete industrial system is China's outstanding supply advantage. General Secretary Xi Jinping stressed that "the industrial chain and supply chain cannot be broken at a critical moment, which is an important feature of a large country's economy." China's manufacturing industry has ranked first in the world for 13 consecutive years, and in August this year, China became the world's largest automobile export country. As the only country in the world with all the industrial categories in the UN industrial classification, China has a complete industrial system, strong industrial organization ability and supply chain resilience, and occupies an important position in the global industrial division system and supply chain system. Deepening the supply side structural reform, continuing to focus on the real economy, improving the stability and modernization of the industrial chain supply chain, and creating a modern industrial system that is independent, controllable, safe, reliable, and competitive can provide strong material support for economic and social development.

Human resources are China's important strength and significant advantage in the fierce international competition. China has become the largest talent resource country with the largest scale and the most complete categories in the world. The total number of talent resources has reached 220 million, and the total number of R&D personnel ranks first in the world. The demographic dividend still exists, and new advantages of talent dividend are emerging. At the same time, a large number of enterprisers with courage and innovation in China are thriving, forming a team of Chinese entrepreneurs with distinctive characteristics of the times, national characteristics, and world standards. They are striving to become a new force in building a new development pattern, building a modern economic system, and promoting high-quality development in the new era. Deeply implement the strategy of strengthening the country with talents in the new era, and accelerate the construction of an important talent center and innovation highland in the world. The land of China is becoming a hot spot for all kinds of talents to make great achievements.

General Secretary Xi Jinping pointed out that "China's economic giant will ride the wind and waves and continue to move forward". At present, China's economic recovery rate is in the leading position among the major economies in the world. The fundamentals of long-term improvement have not changed, and the development prospect is bright. Taking advantage of the situation, we must firmly grasp the institutional advantages of the socialist market economy, the demand advantages of the super large market, the supply advantages of the complete industrial system, and the talent advantages of a large number of high-quality workers and entrepreneurs. China's economic ship will certainly break the waves and sail.

People's Daily (October 27, 2023, Version 1)

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