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​Wang Lu

source:Silk Road Dialogue Committee|Release time:2022-09-21|Number of views:
Improve domestic circulation efficiency with
international circulation

 
Wang Lu(图1)

Wang Lu
Special Researcher at the Research Center of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, Chinese Academy of Social Sciences

 

Constructing a new development pattern with the domestic cycle as the main body and the domestic and international dual cycles promoting each other is a strategic choice to keep pace with the times and improve my country's economic development level, as well as a strategic choice to shape my country's new advantages in international economic cooperation and competition. Especially at present, the century-old changes in the world and the epidemic of the century are superimposed and intertwined. The complexity, severity and uncertainty of my country's economic development environment are increasing. To actively and effectively respond to the increasing risks and challenges, we must persist in doing our own affairs well and unswervingly deepen Supply-side structural reform, building a strong and resilient national economic cycle system, and insisting on expanding a high level of opening to the outside world while achieving a high level of self-reliance and self-reliance, so as to stabilize the fundamentals of foreign trade and foreign investment. It can be said that the construction of a new development pattern is a strategic layout and a first move to grasp the initiative of future development. It is a major historical task to be promoted and completed in the new development stage, and it is also a major measure to implement the new development concept.

The new development pattern not only emphasizes the domestic cycle as the main body, but also emphasizes the mutual promotion of domestic and international dual cycles. Domestic circulation and international circulation are complementary to each other. In particular, we should pay attention to improving the efficiency and level of domestic large circulation with international circulation.

Taking the domestic cycle as the main body is a powerful measure to deal with risks and challenges. In recent years, economic globalization has encountered adverse currents, the international economic cycle has undergone in-depth adjustments, and the new crown pneumonia epidemic has continued to recur around the world, and the risk of partial rupture of the global industrial chain and supply chain has increased. Only by basing ourselves on ourselves and smoothing the domestic circulation can we enhance our survivability, competitiveness, development and sustainability in all kinds of predictable and unforeseeable storms and turbulent seas.

We should also see that we have the material foundation and significant advantages to further strengthen and optimize the domestic cycle. We achieved the first centenary goal of building a moderately prosperous society in an all-round way, historically solved the problem of absolute poverty, and the material foundation for strengthening and optimizing the domestic cycle is getting stronger and stronger. At the same time, my country is a country with a large population and a super-large market, and it is also the only country in the world that has all the industrial categories in the United Nations Industrial Classification. Market resources and a complete industrial system are huge advantages of our country. We must make full use of and give full play to this advantage, continuously consolidate and strengthen this advantage, and form a strong support for building a new development pattern.

The mutual promotion of domestic and international dual circulation is an inevitable choice to achieve high-quality development. China's development must be solid and step-by-step, open and inclusive, mutually beneficial and win-win. Despite severe and complex changes in the internal and external environment, we must always insist on opening the door to construction. It is necessary not only to have a strong domestic economic cycle system and a solid foundation, so as to form a strong attraction to global factor resources, a strong competitiveness in the fierce international competition, and a strong driving force in the allocation of global resources, but also Pay attention to improving the efficiency and level of domestic large-scale circulation through international circulation, improve the quality and allocation level of my country's production factors, effectively enhance the competitiveness of my country's export products and services, and enhance my country's influence in the global industrial chain supply chain innovation chain.

The key to building a new development pattern is the unimpeded economic cycle. To better smooth the domestic circulation, it is necessary to promote the organic connection of the combination of various production factors in production, distribution, circulation, and consumption to achieve circular circulation. In particular, the implementation of the strategy of expanding domestic demand should be seen from the perspective of smoothing domestic circulation, improving supply capacity and tapping the potential of domestic demand.

First, speed up the construction of a unified national market. To build a new development pattern, there is an urgent need to speed up the construction of an efficient, standardized, fair competition, and fully open national unified large market, establish a unified national market system and rules, and promote the smooth flow of commodity factor resources on a larger scale. Facing the future, it is necessary to make effective efforts in promoting the better integration of efficient markets and promising governments, and establishing a unified national market system and rules.

Second, deepen supply-side structural reforms. At present, the most important task of smoothing the economic cycle is to effectively smooth the supply side. The strong effective supply capacity can penetrate the circulation blocking points, eliminate the bottleneck constraints, create employment and provide income, thus forming the demand capacity. In this regard, it is necessary to continue to complete the important task of "three eliminations, one reduction and one supplement", comprehensively optimize and upgrade the industrial structure, enhance the resilience of the supply system, and form a more efficient and high-quality input-output relationship. To achieve a dynamic balance of the economy at a high level.

Third, build a basic institutional arrangement for the primary distribution, redistribution, and coordination of the three distributions. Adhere to distribution according to work as the main body, increase the proportion of labor remuneration in the initial distribution, and improve the distribution policy according to factors. At the same time, it is necessary to give full play to the adjustment role of redistribution and the role of the third distribution, focus on expanding the middle-income group, improve the adjustment accuracy of taxation, social security, transfer payment, etc., improve the efficiency of public service expenditure, and effectively reduce the taxation of the middle-income group. The burden and worries provide support for the better implementation of the strategy of expanding domestic demand.

Fourth, promote the market-oriented reform of production factors, continuously improve systems such as property rights protection, market access, and fair competition, and increase exploration efforts in promoting the market-oriented reform of important production factors such as land, capital, labor, technology, knowledge, and data. Improve the efficiency and fairness of resource allocation, and accelerate the formation of a modern market system.

The new development pattern is by no means a closed domestic cycle, but an open domestic and international dual cycle. In this regard, it is necessary to improve my country's ability and level to participate in international competition, enhance the right to speak in the international market, and actively participate in the formulation of relevant rules; Promote the opening to the outside world from commodity and factor flow-based opening to rules and other institutional openings, continuously optimize the business environment, attract international investment, talent and other resource elements, promote the high-quality development of the "Belt and Road" initiative, and promote capital, technology, and talent. cooperation with developing countries and western developed countries; Effectively play the role of free trade pilot zones, free trade ports, special economic zones, development zones, bonded zones and other frontier highlands for opening up, focus on the reform of investment and service trade facilitation, and constantly explore institutional innovations and pilots to explore for my country's high-level opening up New mode and new experience; Foreign trade enterprises, especially small and medium-sized enterprises, should take timely relief and incentive measures to efficiently coordinate epidemic prevention and control and economic and social development. The relationship between the two should be comprehensively, systematically and long-term, so as to better stimulate the vitality of market players.

In general, building a new development pattern clarifies the path choice for my country's economic modernization. In order to solve the various problems and challenges encountered on the way forward, we must accurately grasp the general trend of world development, not only do our own affairs well and achieve a high level of self-reliance and self-improvement, but also expand a high level of opening to the outside world, and firmly grasp the initiative of development. right.

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