Five New Driving Forces For China’s Development During The 14th Five-year Plan

“During the ’14th Five-Year Plan’ period, China’s economy will continue to maintain medium-to-high-speed growth.” On October 18, the new book “The Fourteenth Five-Year Plan and 2035 Vision” released by the National Research Institute of Tsinghua University in Beijing stated that the “14th Five-Year Plan” During the period, China will achieve high-quality economic development, innovation-driven development, high-quality development of people’s livelihood, significant improvement in the overall quality of the ecological environment, great development and prosperity of socialist culture, and significant progress in the modernization of national governance.
The world today is undergoing major changes unseen in a century. The internal conditions and external environment of China’s development are undergoing profound changes. During the “14th Five-Year Plan” period, the world economic development prospects are full of many uncertainties, and the impact of the new crown pneumonia epidemic will continue to deepen. At the same time, after China has built a well-off society in an all-round way, it will face new opportunities and challenges. “Unbalanced and insufficient” has become a prominent shortcoming in China’s economy and society and a key focus to be resolved in development. The “Fourteenth Five-Year Plan” Grand Strategy and 2035 Vision believes that these aspects are mutually influential, and the resolution is difficult, risky, and extensive. During the “14th Five-Year Plan” period, China’s economic power sources are increasing. In addition to continuing to rely on the “four modernizations” of industrialization, urbanization, informatization, and agricultural modernization, five new driving forces have been formed that will help China The huge economic wheel is continuously importing vigorous new momentum.

The first is digital and intelligent.

The fourth industrial revolution with digital and intelligence as its core features will replace the third industrial revolution with informationization as its main feature and become the biggest engine of China’s development. The fourth industrial revolution will bring about profound and dramatic changes in human production and lifestyle. Its depth and breadth surpass the previous industrial revolution, which will release unprecedented momentum and push the development of productivity to a new level. Historically, the key to the rise of world powers lies in mastering the leadership of the new industrial revolution. Different from the role of marginalists and followers of the previous industrial revolutions, China is at the forefront of the fourth industrial revolution.

The second is the modernization of the industrial system.

The modernization of the industrial system has replaced industrialization as a new trend in China’s industrial development, injecting new industrial momentum into China’s development. China will realize agricultural modernization, industrial modernization, and service industry modernization, transform to a modern industrial system of high quality, high efficiency, high efficiency, and high added value, and continuously improve the national and global industrial chains, supply chains, and value chains, and build a three-industrial structure A modern industrial system in which coordination, the real economy and the virtual economy, the physical economy and the digital economy merge and coexist.

The third is the integration of urban agglomerations and urban and rural areas.

Urban agglomeration and urban-rural integration will gradually replace as a new trend in China’s urban-rural structural transformation, injecting new momentum into China’s development. China will build a modern metropolitan area with complementary advantages in urban positioning, industrial division of labor, integration of infrastructure, equalization of public services, and full commute. Promote modern cities and modern villages, promote the integrated development of urban and rural areas, promote the free and two-way flow of urban and rural elements, and form a new situation of complementary and comprehensive integration of urban and rural areas.

The fourth is the modernization of the national governance system.

The modernization of the national governance system will provide new institutional supplies for China’s development and inject new institutional dividends. Through the implementation of the national governance system and governance capacity modernization plan, the “four beams and eight pillars” reform is fully carried out to promote the improvement of the national governance system and the improvement of governance capabilities, forming a more adaptive Chinese institutional system, and further transforming institutional advantages into governance energy efficiency . China not only further leverages its advantages in the market economy, but more importantly, it needs to further leverage its socialist advantages to avoid the crises commonly faced by Western capitalist countries and create faster and more sustainable growth.
The fifth is a new type of economic globalization. As the world’s largest trading entity, China is also an important promoter and builder of a new type of economic globalization, bringing new vitality, new momentum, and new markets to the global economy, trade, and technology industry. Through the “One Belt One Road”, we will comprehensively deploy domestic and international manufacturing, two services, and two markets, promote the domestic, international, and regional global economic cycle, provide huge space for China’s industrial development, and provide huge opportunities for China to realize China Mutual benefit and win-win situation with the world.
The “14th Five-Year Plan” period is the beginning stage for China to move towards a high-income stage and towards its second centenary goal. Development is the eternal theme of the five-year plan. Focusing on the key theme of high-quality development, China will write a major article on economic and social development in the new era.