杨伟民：“十五五”时期，要确保经济增长在合理区间，形成消费拉动的经济发展模式，完善收入分配制度

Core Viewpoint - The 22nd China M&A Annual Conference emphasizes the importance of ensuring reasonable economic growth during the 14th Five-Year Plan period, promoting a consumption-driven economic model, and improving the income distribution system [1][3][13]. Group 1: Economic Growth - The goal for the 14th Five-Year Plan is to maintain economic growth within a reasonable range, with an average GDP growth rate of 4.17% required to achieve a per capita GDP of over $20,000 by 2035 [4][14]. - In 2024, China's per capita GDP is expected to approach $13,500, indicating a need for sustained growth to meet future targets [4][14]. - The focus should be on both actual and nominal growth, ensuring that nominal growth remains within a reasonable range to support increases in resident income, tax revenue, and corporate profits [5][15]. Group 2: Consumption-Driven Economic Model - The transition to a consumption-driven economic model is essential, as the current economic structure shows a decline in the contribution of domestic demand to growth, which was 71% in the first three quarters of the year [7][18]. - The manufacturing sector's contribution to growth has increased, while the contributions from real estate, finance, and construction have significantly decreased [7][17]. - The need to enhance the quality of production and shift towards innovation-driven growth is highlighted as a key factor in achieving sustainable economic development [6][16]. Group 3: Income Distribution System - The income distribution system requires urgent improvement, as the share of resident income in national income has been declining since the 1990s, leading to increased income inequality [9][19]. - Policies should focus on increasing minimum wage standards and enhancing the income of ordinary workers to align initial distribution with economic growth [9][19]. - The implementation of a "rural and urban resident income increase plan" is proposed to effectively raise the disposable income of low-income groups, thereby boosting overall consumption [9][19].