By Chen Tianhao, Zhao Li
(ECNS) -- In the latest episode of China Answers, Robert Lawrence Kuhn, Chairman of the Kuhn Foundation, is invited to ask some questions he has about China's high-quality development after carefully studying the Communiqué during the Third Plenary Session of the 20th CPC Central Committee. He has authored several books focused on China's development, offering profound insights into China's reform and opening-up. His works are regarded as exemplary in telling China's story to the world.
Kuhn believes that China's economy is shifting from high-speed development, which is high GDP, to high-quality development. So he asks Yao Yang, Boya Chair Professor and the Director of the China Center for Economic Research at Peking University: what do we mean by high quality?
Yao answers the question with deep analysis, noting that high-quality development should be considered in the context of China's economic growth over the past 20 years. In the first decade of this century, Yao says, China was experiencing high-speed growth, but China's growth model was extensive expansion, focusing on exports and investment expansion. This growth model achieved great success, but since 2010, China's growth model has begun to change.
Yao further adds that internationally, overall demand slowed down due to the global financial crisis, and China's domestic economic situation was also changing, with people's income levels rising. Therefore, the shift from an extensive expansion growth model to an intensive growth model focused on domestic demand began.
In Yao's perspective, China's economic resilience is strong, which is reflected in two aspects - innovation’s role as a powerful driving force for China's economic growth, and enhancing the connection between China and the world.
Yao stresses that high-quality development focuses on technological progress. In the past, China rarely achieved its own technological advancements. But in the past decade and more, due to economic structure adjustment and emphasis on high-quality development, China has made progress in many fields, and is leading the world even in areas of AI, new energy and so on.
So Yao predicts that China's future growth will no longer be driven by investment and exports only, but also by R&D and technological progress. In addition, China's growth is also beneficial for the world, according to Yao, because when Chinese companies venture out, they will bring their advanced technologies along.
最长春节假期收官：中外游客“双向奔赴”，出境游创4年峰值 澎湃新闻记者 唐莹莹 史上最长春节假期正式收官。多家在线旅游平台发布的报告显示，8-9天的假期让春节期间的出游时间和出游距离双双拉长。 春节前 中新经纬2月18日电 2024年1月，中国上市公司迎来辞旧迎新的阶段。回顾往年，年度业绩报告及年终活动吸引眼球；展望新年，企业趁势推出龙年产品和新春活动促活市场。东方甄选余热不减、位列品牌热榜前十，董宇辉相关议题继 “首都南大门”保定，中创燕园在这里新扩建的厂房已完成装修，北京大学物理学院的专家每周都前来开展研发工作，这是“北京研发，保定落地”的一个缩影；海河之滨，依托京津物流园在京津两地间搭建高端智 中国经济导报、中国发展网讯 记者王晓涛报道 2月22日，普华永道发布了2023年下半年中国科技、媒体及通信行业（TMT）企业首次公开募股（IPO）数据。2023年下半年，全球资本市场发展趋缓，内地TMT企业上市数量及融 印度等不及了！当地制药商开始仿制“减肥神药” 财联社2月22日讯(编辑 夏军雄)为了从新型减肥药市场分一杯羹，印度制药商已经开始开发他们自己版本的“减肥神药”。 作为新一代减肥药物，诺和诺德的Wegovy和礼来 加拿大将要求钢铁进口商填报“熔化和浇注国家”信息 中新网多伦多2月22日电 (记者 余瑞冬)加拿大政府要求，从今年11月5日开始，根据加拿大钢铁进口监测计划，钢铁进口商在填写进口报关单时，将需要向加边境服务局报告 。本文链接：China Answers | Chinese and American economists: Significance and future of China’s high-quality devhttp://www.sushuapos.com/show-5-26665-0.html
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