“十五五”经济社会发展主要目标解读丨稳步提升全要素生产率

Group 1 - The core objective of the 15th Five-Year Plan is to steadily improve total factor productivity (TFP) as a key goal for economic and social development [1][2] - TFP reflects the efficiency of all inputs in producing output and is a measure of economic development quality, technological innovation capability, and the integration of technology and economy [1][4] - The Chinese government emphasizes the importance of TFP in achieving high-quality development and modernizing the economic system [2][3] Group 2 - The continuous and stable growth of the economy relies on the steady improvement of TFP, especially in the context of complex internal and external environments [3][4] - To achieve the goal of modernizing socialism by 2035, TFP growth needs to reach an average annual rate of around 2% [3] - Key drivers for TFP growth include technological advancements and improved resource allocation efficiency, which are essential for fostering new productive forces [3][6] Group 3 - Enhancing TFP is crucial for promoting sustainable economic growth without significantly increasing capital and labor inputs [4][6] - China has favorable conditions for improving TFP, including a large-scale manufacturing sector and significant opportunities for technological and model innovation [6][7] - The integration of digitalization and green development can create new growth points for TFP and release structural dividends [6][7] Group 4 - Innovation is essential for improving TFP, which includes both technological innovation and the innovative allocation of production factors [7] - Comprehensive reforms are necessary to eliminate barriers to the development of new productive forces and facilitate the efficient flow of quality resources [7]