王一鸣谈“十五五”规划建议：持续增强高质量发展动力

Core Viewpoint - High-quality development is the primary task for building a modern socialist country and is the theme for economic and social development during the 14th Five-Year Plan period [1] Group 1: High-Quality Development - Accelerating high-level technological self-reliance and developing new productive forces are essential for achieving substantial progress in technological innovation and economic structure optimization [1] - The strategy of expanding domestic demand is crucial for building a strong domestic market and promoting a consumption-driven economic model [1] Group 2: Manufacturing Sector - Maintaining a reasonable proportion of manufacturing is important, with China's manufacturing sector currently accounting for about 25% of GDP, which is still above the global average by nearly 10 percentage points [2] - The demand for manufacturing products tends to decrease as GDP per capita exceeds $10,000, while the demand for services increases [2] Group 3: Domestic Market and Investment - Building a strong domestic market requires a combination of improving people's livelihoods and promoting consumption, as well as investing in both physical and human capital [2] - The previous reliance on infrastructure and industrial project investments to stimulate growth has led to supply-demand imbalances, characterized by "strong supply and weak demand" [2] Group 4: Human Capital Investment - Increasing investment in public services and improving the proportion of public service spending in fiscal revenue are essential for enhancing people's income [3] - The focus on human capital investment is crucial as the total population decreases and the contribution of labor to economic growth declines [4] Group 5: Consumption and Income - Raising the resident consumption rate is linked to increasing residents' income, which can be achieved through urban-rural income growth plans and reallocating funds from traditional investments to public services [4]