为何技术创新不断进步但工业企业利润率下降？白重恩释疑

Core Insights - The Global Wealth Management Forum held on October 19 focused on "The Future Path Under Global Changes," highlighting the contrast between technological innovation and declining profit margins in industrial enterprises, attributed to China's economic structural transformation pains [1][3]. Economic Growth Potential - China has significant long-term growth potential, with emerging economies generally showing higher growth prospects. Chinese enterprises exhibit strong innovation capabilities, and the economy is in need of transformation [3]. Current Economic Challenges - In the short term, China's economy is facing challenges due to structural transformation pains, leading to a decline in industrial profit margins. The high growth rate of manufacturing investment is crucial for maintaining growth, with a projected year-on-year increase of 9.2% in 2024, which is expected to stimulate domestic demand [3]. Supply and Demand Imbalance - There is a notable issue where demand in the economy is rapidly shrinking, while supply capacity continues to increase, leading to an imbalance. This situation necessitates a focus on enhancing resident consumption as a key development goal, transitioning from high-speed growth to high-quality development [3].