新发展格局激发新活力

Core Points - The new development pattern emphasizes domestic circulation as the mainstay while promoting mutual reinforcement between domestic and international circulation, leading to higher quality, efficiency, fairness, sustainability, and security in China's economic development [1] Group 1: Domestic Demand as a Driving Force - China's market is characterized by nearly 50 trillion yuan in consumption, over 50 trillion yuan in investment, and over 20 trillion yuan in imports, making it the most promising market globally [2] - Domestic demand contributed an average of 86.4% to economic growth over the past four years, highlighting its role as the main driver and stabilizing anchor of the economy [2] - The contribution of final consumption to economic growth during the first four years of the 14th Five-Year Plan reached 56.2%, an increase of 8.6 percentage points compared to the previous five-year period [2] Group 2: Investment and Supply Structure Optimization - Investment in high-tech industries has consistently outpaced overall investment growth, with the contribution of investment accumulation to economic growth averaging 30.2% during the first four years of the 14th Five-Year Plan [3] - The focus on enhancing development momentum and improving people's livelihoods has led to significant investment growth in social welfare sectors [3] Group 3: Safety and Innovation - The emphasis on balancing development and safety has led to a strengthened national security system and enhanced capabilities to maintain safety, promoting high-quality development [4] - R&D investment is projected to exceed 3.6 trillion yuan in 2024, with an intensity of 2.68%, surpassing the average level of EU countries [4] - China ranks first globally with 24 innovation clusters in the 2025 Global Top 100 Innovation Clusters ranking by the World Intellectual Property Organization [4] Group 4: Open Economy and International Cooperation - China has expanded its visa-free "circle" and promoted tax refund services, with over 19 million foreign visitors entering the country in the first half of the year, a 30% increase year-on-year [6] - The total value of China's goods trade has remained the highest in the world for eight consecutive years, with exports accounting for over 14% of the global total [6] - China has actively aligned with international high-standard trade rules, reducing foreign investment restrictions and encouraging investment in advanced manufacturing and high-tech sectors [7]