【理响中国】为何要坚持投资于物和投资于人紧密结合？

Core Viewpoint - The concept of "investment in people" is emphasized as a crucial strategy for driving economic growth and enhancing domestic demand, complementing traditional "investment in physical assets" [1][2]. Group 1: Investment in People - "Investment in people" refers to allocating more resources to education, employment, healthcare, and social security, focusing on enhancing human capabilities and driving high-quality economic development [2]. - This approach is a response to the declining returns on "investment in physical assets" and aims to shift the economic growth mechanism towards innovation and demand-driven models [2][3]. - The release of consumer potential and the enhancement of human capital are seen as essential for building long-term economic competitiveness in the face of global industrial competition [2]. Group 2: Domestic Demand and Economic Structure - Recent data indicates that household consumption accounts for approximately 39% of China's GDP, while capital formation accounts for about 41%, highlighting a need for improved consumer demand [3]. - Compared to global averages, where household consumption is around 57% of GDP, China's internal demand issues stem from insufficient consumer demand and the need for better interaction between consumption and investment [3]. - "Investment in people" is identified as a key lever to enhance this interaction, focusing on comprehensive human development to activate endogenous economic momentum [3]. Group 3: Integration of Investments - The emphasis on "investment in people" does not diminish the importance of "investment in physical assets," as there remains significant potential for capital investment in China [4]. - The strategy calls for a shift from scale expansion to quality improvement and precision efforts, focusing on key technology enhancements and optimizing existing assets [4]. - Continuous investment in public services and human resource development is essential, with a focus on education, healthcare, and social welfare to stimulate overall economic growth [4].