At present, China's economic growth rate is slowing down, and the phenomenon of traditional drivers being replaced by new ones is very prominent. The internal reason is that after the development enters the new normal, the trend of promoting economic differentiation is constantly strengthening and deepening, the supply-side structural reform constantly corrects the distorted state of resource allocation, and the effects of industrial transformation and upgrading are also constantly appearing.What does this economic differentiation mean?First, the appearance of entering the new normal is a deceleration in speed, but the essence of the new normal is a combination of increase and decline.Second, the appearance of structural changes under the new normal is the change in proportion and quantity, but the essential feature is the improvement of quality and efficiency under the structure optimization.Third, the appearance of the change of development momentum under the new normal is the transformation of input factors, while the essential feature is the improvement of total factor productivity.Economic differentiation is the inevitable result after the high growth rate declines under the condition of market economy. Accelerating economic differentiation is the starting point and prerequisite for the rise of new development momentum. For all regions, industries and enterprises to shift from complaining about economic differentiation and waiting passively to working hard and actively promoting economic differentiation, it is important for them to have a clear understanding of the situation, improve their ideological understanding and clarify their policy orientation.First, we should comprehensively understand, recognize and deal with the problem of economic differentiation at the present stage from the height of political economy of socialism with Chinese characteristics. Second, we should take the initiative to adapt to the new normal, attach importance to innovation and improve quality and efficiency.Third, the fundamental principle for promoting economic differentiation is to get rid of soft budgetary constraints.Fourth, precise industrial policies should be used to guide economic differentiation and resource flows.
