Core Viewpoint - The State Council has approved pilot reforms for market-oriented allocation of factors in 10 regions, aiming to address structural economic issues and enhance the socialist market economy system in China [1][2] Group 1: Pilot Regions and Economic Impact - The selected pilot regions, including Beijing's urban sub-center, key cities in southern Jiangsu, and the Guangdong-Hong Kong-Macau Greater Bay Area, collectively account for over 25% of China's total economic output [1] - The reforms are designed to improve the efficiency of factor allocation, with expectations that the total factor productivity in these regions will exceed the national average growth rate [2] Group 2: Structural Reforms and Innovations - The reforms will not follow a one-size-fits-all approach; instead, each region will implement tailored solutions based on local conditions, particularly in the area of elderly care and breaking supply bottlenecks [1] - A dual-driven model of "traditional factor upgrading + new factor breakthrough" is established, incorporating new factors like data and computing power into the market allocation framework [1] Group 3: Long-term Economic Transformation - In the medium term, the reforms are expected to shift economic growth from being factor-driven to innovation-driven through integrated land use and technology markets [2] - The long-term goal is to build a unified national market by eliminating local protectionism and market segmentation, thereby enhancing the resilience and vitality of the Chinese economy [2]
时报观察 要素市场化改革为高质量发展注入持久动力
Zheng Quan Shi Bao Wang·2025-09-13 00:13