Taking reform and opening up as the driving force and creating new advantages with a new pattern

"We should promote deeper reform and open up at a higher level, so as to provide a strong impetus for the construction of a new development pattern." General secretary Xi Jinping, in the important speech of the fifteenth meeting of the central Deepening Reform Commission, put forward new requirements for further deepening reform and opening up, and pointed out the direction for China to accelerate the formation of new development pattern.



Experts said that the meeting of the Shenzhen Reform Commission has released an important signal: to build a new development pattern, we should continue to make full use of the key move of reform and implement a higher level of opening-up, so as to create new advantages in international cooperation and competition under the new pattern.



Building a new pattern is "a systematic and deep-seated change concerning the overall situation"



General secretary Xi Jinping emphasized at this meeting that we should accelerate the formation of a new development pattern with the main domestic cycle as the main body and the domestic and international double circulation promoting each other. It is a strategic decision made according to the development stage, environment and conditions of our country. It is a systematic and profound change that is related to the overall situation.



Liu Yuanchun, vice president of Renmin University of China, said that the construction of a new development pattern has a solid historical, theoretical and practical foundation. It is a strategic deployment made by the CPC Central Committee to comply with the requirements of the times, and an important strategic measure for China to enter a high-quality development stage and solve various medium and long-term problems in the new period.



According to Liu Yuanchun's analysis, since the 2008 international financial crisis, in order to adapt to the changes in the external environment, China has put forward the strategy of expanding domestic demand and promoting the structural reform of the supply side. It can be said that in the past decade or so, China has been changing to take the domestic big cycle as the main body.



"At present, China's per capita GDP has reached 10000 U.S. dollars, and is in a critical period of striding over the middle-income trap and stepping into a world economic power and a modern power in an all-round way." Liu Yuanchun said that the current complex and changeable international situation forces us to further turn to the national economic cycle dominated by the domestic market.



General secretary Xi Jinping emphasized in his speech that under the current circumstances, building new development pattern is facing many new situations and new problems. We should be good at using reform thinking and reform methods, and take account of short-term and long-term development as a whole. We need to strategically arrange the bureaus, and we should also play a key role in the key areas.



"Taking the domestic big cycle as the main body and continuously releasing the potential of domestic demand, the key is to unblock the blocking points and breakpoints hindering the circulation." Zhang Liqing, China's chief economist of PWC and professor of Central University of Finance and economics, believes that China should seize the strategic direction of supply side structural reform, further promote the reform of business environment, give full play to the decisive role of the market in resource allocation, and constantly enhance the vitality of the domestic macro cycle.



The essence of domestic big cycle is still open cycle



Does it mean that opening up is no longer important?



"At present, economic globalization is encountering a counter current, and unilateralism and protectionism are on the rise. We must stand on the right side of history, unswervingly expand opening up, enhance the linkage effect of domestic and international economy, coordinate development and security, and guard against risks and challenges in an all-round way." In the face of some doubts and concerns, the meeting gave a clear answer.



Zhang Liqing believes that the new development pattern means that, under the effect of market mechanism, the balance of supply and demand of China's final products will be realized mainly through the domestic market. At the same time, through participation and utilization of international industrial chain, international trade and international financial activities, the realization of this balance of supply and demand will be effectively promoted.



"The domestic cycle must cooperate with, promote and coordinate with the international cycle. The relationship between the two is not one or the other." Liu Yuanchun said that the domestic big cycle is still an open cycle in essence, but it takes meeting the internal demand as the starting point and the foothold, constantly tap the potential of the internal market, and through the continuous opening up, use the large domestic demand market of China to drive the global economic recovery.



As the host of China International import Expo, Shanghai is building the central node of the domestic large cycle and the strategic link of domestic and international dual cycle. In the first half of this year, Shanghai's foreign investment reached US $10.28 billion, which continued to grow by 5.4% on the basis of last year's growth of 13.9%.



"After participating in the fair for two consecutive years, we feel the charm of the Chinese market and upgrade our headquarters in China to the Asia Pacific region. We will continue to increase investment in China in the future." Global board chairman and chief executive officer of Cargill group, USA, said.



Hua Changchun, global chief economist of Guotai Junan Securities Research Institute, said that China has not only a strong manufacturing capacity, but also a huge consumer market, while embracing economic globalization. "We regard the increasingly strong domestic market as a kind of strategic resource and become the foundation and strength for China to promote a higher level of opening up."



Gather reform forces and create new advantages with high level opening up



Facing the future, the meeting sent an important signal of unswervingly deepening reform and opening up, aiming to provide a strong impetus for building a new development pattern.



Experts believe that at present, economic globalization is encountering a counter current, which urges us to reflect more on the structural problems of the domestic economy, and to accelerate domestic reform, so as to stimulate new development vitality through deepening reform, and to create new advantages in international cooperation and competition with a high level of opening up.



"only by unblocking the domestic circulation can we better connect the domestic and international markets, make better use of the two markets and resources, and realize more robust and sustainable development." Xu Qiyuan, a researcher at the Institute of world economics and politics, Chinese Academy of Social Sciences, said.



From the issue of "opinions on financial support for the construction of Guangdong, Hong Kong and Macao Bay Area" in May to the "overall plan for the construction of Hainan free trade port" in June