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经济增长动力
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上证观察家 | 地方经济增长动力从何而来?
Group 1 - The core viewpoint emphasizes the need for local governments to scientifically analyze the economic development environment and growth conditions during the "14th Five-Year Plan" period to establish reasonable economic growth targets and new growth drivers [1][2][3] - The economic growth in China is expected to enter a new phase of stable growth, with domestic demand becoming the core driving force for economic growth, as consumption's contribution to GDP has increased from 50% at the end of the "11th Five-Year Plan" to 57% at the end of the "14th Five-Year Plan" [3][4] - The importance of consumer purchasing power and market demand is highlighted, suggesting that local governments should focus on opportunities from the consumption side to drive economic growth [1][13] Group 2 - The article discusses the shift in growth models from scale expansion to quality improvement, emphasizing the need for innovation-driven and endogenous growth in the face of rising external uncertainties [2][4] - It is noted that the service sector has become a core driver of economic growth, with its contribution to GDP increasing from approximately 45% during the "11th Five-Year Plan" to 60% currently, while the industrial sector's contribution has decreased [7][11] - The need for local governments to adjust their policies and resources to focus on sectors with potential and flexibility is emphasized, particularly in the context of the service industry's rapid growth compared to industrial growth [10][12] Group 3 - The article suggests that local governments should adopt a pragmatic approach in setting economic growth targets, balancing between not being overly ambitious and not being pessimistic [4][5] - It highlights the necessity of identifying new growth points in industries and enhancing consumer demand to create a virtuous cycle of supply and demand [5][13] - The importance of enhancing the vitality and development level of business entities is stressed, as they directly influence the quality and efficiency of local economic operations [18][19] Group 4 - The article points out the need for local governments to focus on the innovation capabilities of enterprises, as the vitality and development level of business entities are crucial for economic growth [18][20] - It emphasizes the dual focus on technological innovation and business model innovation to enhance enterprise efficiency and competitiveness [20][21] - The article also discusses the importance of supporting both traditional and emerging enterprises in their innovation efforts to achieve high-quality development [21][22]
地方经济增长动力从何而来?
Core Viewpoint - The article emphasizes the need for local governments in China to scientifically analyze the economic development environment and growth conditions during the "14th Five-Year Plan" period, focusing on new industrial growth points, expanding consumption, and improving enterprise efficiency to ensure sustainable economic growth [1][2][3]. Group 1: Economic Growth and Development Goals - The current economic environment in China is transitioning to a new phase of stable growth, necessitating a careful setting of growth targets during the "14th Five-Year Plan" [2][3]. - The shift from investment-driven growth to innovation-driven and endogenous growth requires local governments to adopt a more nuanced approach to economic goal setting [2][4]. - The contribution of consumption to GDP has increased from 50% at the end of the "11th Five-Year Plan" to 57% at the end of the "14th Five-Year Plan," highlighting the importance of domestic demand [3][4]. Group 2: Industrial Structure and Trends - The service sector has become the core driver of economic growth, with its contribution to GDP rising to 56.7% by the end of 2024, while the industrial sector's contribution has decreased [7][10]. - The article suggests that local governments should focus on the service industry, especially in lower-tier cities, to enhance employment and living standards [8][10]. - The industrial structure is undergoing significant changes, with traditional industries declining and high-end manufacturing rising, necessitating targeted policies to support these transitions [9][10]. Group 3: Consumption and Demand - The article stresses the importance of consumer purchasing power and market demand as fundamental drivers of economic growth, advocating for a focus on consumption to create a new supply-demand cycle [13][14]. - Service consumption is highlighted as having a more direct impact on local economies compared to goods consumption, which often benefits external regions [15][16]. - The growth of service consumption is projected to continue, with a 6.2% increase in national service retail sales in 2024, outpacing goods retail sales [15][16]. Group 4: Innovation and Enterprise Development - The vitality and development level of enterprises are crucial for the quality and efficiency of local economic operations, with a call for systematic policies to enhance enterprise efficiency and innovation potential [18][19]. - The article advocates for a dual focus on both traditional and emerging enterprises to foster innovation and improve overall economic performance [20][21]. - Local governments are encouraged to create a supportive environment for enterprises, emphasizing the importance of technological and model innovation to drive economic growth [19][21].