蔡昉：政府应加大力度“投资于人”

Core Viewpoint - The 20th Central Committee of the Communist Party of China emphasizes the importance of expanding domestic demand as a strategic foundation, integrating investment in goods and people to stimulate new supply and demand, thereby enhancing the internal circulation of the economy [1] Group 1: Investment in People - Increased government spending on education is essential for the comprehensive development of individuals, especially in the context of rapid advancements in artificial intelligence, which poses a challenge to human capital development [2] - The proportion of public education spending relative to GDP should significantly increase to improve human capital and meet the demands of a changing labor market [2] - The government is encouraged to effectively utilize current opportunities to enhance resource allocation in education [2] Group 2: Economic Growth and Human Development - Since the release of the Human Development Index by the United Nations in 1990, China has been the only country to transition from low to high human development levels, currently moving towards extremely high human development [1] - Future improvements in human development levels will rely on health and education, especially as economic growth rates are expected to slow down [1] - It is projected that by 2025, China's per capita GDP will reach $14,000, which is expected to lead to a significant increase in the consumption rate [2]