China's economic growth has gradually shifted from the old troika (investment, consumption and net exports) to the new troika (new type of investment, new type of consumption and "Belt and Road").

1, the new type of investment mainly refers to the public **** consumption-based infrastructure investment and industrial transformation and upgrading, mainly includes three aspects:

One is the public **** consumption-based infrastructure investment, including high-speed rail, subway, urban infrastructure, disaster prevention and resilience, rural garbage and water treatment, improvement of air quality, the construction of public **** guaranteed housing and so on. Investments include information grid oil and gas networks, clean energy, energy and mineral resource security, ecological and environmental protection, transportation, food and water conservancy, and health and pension services.

Included in the major engineering package projects should be based on: economic and social development has a global, fundamental, strategic significance, is conducive to the formation of new economic growth points; conducive to adjusting the structure, make up for the shortcomings, to strengthen the construction of weak links, increase the supply of public **** products and services; in line with the national industrial policy; with a certain basis for the work, by increasing efforts to be able to move forward as soon as possible.

The second is the greening of existing production capacity and industrial transformation and upgrading. Only the five major energy-consuming industries (non-ferrous metals, iron and steel, electric power, chemical industry, building materials), update once again high-polluting, high-energy-consuming production capacity, it will take about ten years, which will pull GDP growth of 1% per year. With the ageing of the population, the burden of brain disease in China may reach trillions of dollars a year.

Taking "healthy brain" as an orientation, we will focus on the prevention and treatment of neurodevelopmental diseases, mental illnesses, and neurodegenerative lesions, including Alzheimer's disease. At the same time, it promotes the leapfrog development of artificial intelligence, aims at cutting-edge technologies, and lays out key areas, such as the field of intelligent human-computer interaction, the field of automated driving, the analysis and prediction technology of big data, as well as intelligent medical diagnosis, intelligent unmanned aircraft, and other technologies.

Thirdly, the development of the senior care industry requires substantial investment. Pension industry is with the aging of the population and the development of a new industry, is for the elderly population to provide products or services to meet the needs of their food, clothing, housing, transportation and spiritual culture and other aspects of the comprehensive industrial system, including the elderly products manufacturing and retail industry, pension real estate industry, home care services, pension health care medical services, pension insurance and financial services, pension education services, pension spiritual culture and entertainment industry, pension personnel training industry. The industry includes the manufacturing and retailing of products for the elderly, the home care service industry, the health care medical service industry, the insurance and financial service industry, the education service industry, the spiritual culture and entertainment industry, and the training industry for the elderly.

Currently, there is an overcapacity of production capacity and under-opening of enterprises, while on the other hand, no one produces the aging products that are urgently needed by the society, and the development of the senior care industry is also the key to solving the structural overcapacity in China.

2. The new type of consumption mainly refers to culture, leisure, tourism, health, education, information, environmental protection and new energy consumption.

The broadening of new consumption channels is related to the institutional reform of the service industry and the structural transformation of the urban economy. Therefore, first of all, we should speed up the reform of the government administration system, first try first, either forbidden or not; speed up the reform of the institutional system of public institutions, separate the operation and non-operation; speed up the reform of the science and technology and education system, increase the investment in science and technology and education; speed up the reform of the ownership system of the service enterprises, expanding the opening up of the service industry; and speed up the reform of the taxation system, promoting the optimization of the economic restructuring and the development of the service industry.

Secondly, we should increase policy support, set up guiding funds for the development of the service industry, focusing on supporting logistics, shipping, culture, exhibition, tourism, information services, professional services, etc., and give loan subsidies to key projects in this field. Once again, it is necessary to speed up the improvement of consumer infrastructure, including the construction of "seven passes and one level" (access, electricity, water, communication, gas, drainage, cable TV) and "big, cloud, level, move" (big data, cloud computing, cloud services, trading platforms, media platforms, payment platforms, mobile Internet). platform, mobile Internet) construction.

3. "One Belt, One Road" is conducive to expanding domestic demand

The promotion of the "One Belt, One Road" strategy requires the establishment of bilateral and multilateral cooperation mechanisms of the countries along the route and the strengthening of internal and external synergies.

The government needs to speed up the process of substantive negotiations on the Sino-US BIT (Investment Protection Agreement); it needs to speed up the formulation of overseas investment laws to protect the operation, management and asset safety of Chinese enterprises in the process of overseas investment;

The government should seize the opportunity to build a public ****service platform for Chinese enterprises to go abroad, so as to enable China to learn about the cultures, connections and laws and regulations of various places in the process of going abroad. We should pay attention to the political and economic risks of many countries on the "Belt and Road"; increase the cultivation of powerful Chinese enterprises, so that Chinese enterprises can truly participate in global competition, and train a team of entrepreneurs with global vision.

Expanded:

Take control of the "troika" and let it play a bigger role

To play a fundamental role in consumption, we should actively cultivate new consumption hotspots. Although factors such as the withdrawal of direct stimulus policies and the decline in public spending are putting pressure on consumption growth, new hotspots and consumption patterns are being formed, including new commodity consumption, living service consumption, information network consumption and holiday consumption.

To play the key role of investment, we should further optimize the investment structure and improve the quality of investment. Government investment is not to spread pepper, not "care" overcapacity industry, while the implementation of relevant policies to break down barriers to entry, to support private capital to enter the market-oriented operation of infrastructure, municipal engineering and other public **** service areas, to better serve to create an upgraded version of the economy.

To play a supportive role in exports, and do a great job of stabilizing foreign demand "ballast", we should maintain the traditional export advantages, stimulate the technology and large-scale complete sets of equipment exports of related industries to drive the role of exports.

At the same time, seize the opportunity to create new comparative and competitive advantages, for example, to support cross-border e-commerce and other new trade modes and the development of foreign trade service enterprises, enhance the ability of small and medium-sized private enterprises to expand the international market, and encourage enterprises to increase investment in technological innovation, improve product quality, build internationally renowned brands, build international marketing network, and so on.

The huge potential of releasing effective demand cannot be separated from the powerful force of reform. Let the "troika" run faster and more stable, should be to deepen the reform to dividends, so that the energy of domestic demand fully burst, so that the space of external demand continues to expand, to ensure that consumption, investment, exports, full horsepower, and driving, pulling China's economy continued to move forward in a healthy manner.

People's Daily - Special focus: China's economic growth "new troika"

People's Daily - People's Daily Jinhai Guanchao: control the "troika"