The current characteristics of China's economic development are as follows.
1. The pressure of economic growth is high.
2. The international economic environment is deteriorating.
3. The driving force of economic development is shifting.
4. The digital economy has profoundly changed our mode of production and lifestyle.
The risks and challenges faced by China's economy include the following points.
1. Risks in the financial and fiscal sectors.
2. Systemic risks brought about by rapid changes in population structure.
3. Key technologies are constrained by others, bringing uncontrollable and unsafe risks in industrial development.
4. The education system is unable to adapt to the talent demand that internally generated by economic and social development.
5. Risk of imbalanced economic structure.
To achieve Chinese path to modernization, we must handle five important relationships.
1. The relationship between the active government and the efficient market.
2. The relationship between fairness and efficiency.
3. The relationship between China and foreign countries.
4. The relationship between tradition and innovation.
5. The relationship between state-owned enterprises and private enterprises.
This article proposes suggestions for deepening the reform and expanding opening-up.
1. Reform China's capital market.
2. Strengthen and improve the social security system and build a solid foundation for the social security network.
3. Encourage the private capital to participate in elderly care and develop the health and wellness industry.
4. Pay attention to the employment of young people and increase the employment rate of college students.
5. Encourage childbirth and strive to reduce parenting costs.
6. Guide consumption and promote economic development.
7. Strive to develop the new quality productivity and explore new economic growth points.
