Liu Zhibiao: There Are Many New Driving Forces in China’s Economic Operation – Activating the Dormant Development Potential of China’s Economy

Release time:2019-12-23Author: Liu Zhibiao

The central economic work conference pointed out that "we must be good at breaking down the institutional and institutional obstacles faced by development through reform, activate the dormant development potential, and let all kinds of market subjects work bravely in the front line of scientific and technological innovation and domestic and international market competition".The word "dormant" is used very vividly, showing many potential new kinetic forces in China's economic operation, including the following aspects: the development subject of "dual engines" at the central and local levels; the deepening of supply side structural reform; the enthusiasm of entrepreneurs, government officials and scientific and technological personnel; large scale market advantages and domestic demand potential; development potential and opportunities provided by various development imbalances; huge space for high-quality development of service industry; new power source brought by regional spatial layout; the transformation of the new economic globalization model.The meeting pointed out two basic ways of activation: First, we should be good at breaking down the system and mechanism obstacles faced by development through reform; Second, we should fully mobilize the enthusiasm of various market subjects and let them work bravely in the front line of scientific and technological innovation and domestic and international market competition.