Let the wealth growth of the society be fully surging and ultimately benefit everyone.
Editor’s Note: This article comes from daily News , author: Yu Li Ke, an authorized reprint.
In 2019, China ’s per capita GDP exceeded the US $ 10,000 mark for the first time in history, reaching US $ 10,276.
Take the time back 20 years. In 2000, China’s per capita GDP was less than $ 1,000. In the past 20 years, China has not only continuously overtaken a series of developed countries such as France, Britain, Germany, and Japan in terms of total GDP, but has steadily become the world’s second largest economic throne. At the same time, China’s per capita GDP has continued to leapfrog, increasing by about 10 times.
“By the middle of the 21st century, the GDP per capita will reach the level of a moderately developed country,” which is a development goal we all know by heart. To achieve this goal, the next few years will be a key “hurdle.”
From international experience, after per capita GDP of more than 10,000 US dollars, many countries face significantly increased risks and challenges, and the adverse factors in the development process are intertwined. Several aspects work together, often making their per capita GDP hover around the position of 10,000 US dollars for a long time, and eventually “sigh with regret” in front of the threshold of high-income countries.
To learn from the experience of the above countries, it is necessary to hedge a series of unfavorable factors in economic development so that China’s per capita GDP continues to grow steadily. To do this, it motivates us to use innovative thinking and solve problems through reform.
First, continue to make big cakes. In the context of economic “shifting”, China’s economic growth at this stage has fallen somewhat from the previous stage, which is in line with the law of natural development of the economy. However, this decline should be limited. In the future, the Chinese economy must be “anchored” on a stable growth platform to achieve a reasonable increase in volume. Therefore, the current steady growth of the economy must be unswerving and persistent.
In addition to continued efforts to stabilize growth, the continued use of reform dividends is also a key factor in boosting China’s per capita GDP to a new level.
In terms of optimizing the business environment, relaxing market access, protecting intellectual property rights, and opening to the outside world, we have made significant progress, but there is still room for improvement. Continued deepening reforms in these areas can effectively stimulate the vitality of various market entities, especially those private enterprises that can fully promote employment and improve people’s lives, so that the growth of social wealth is fully surging and ultimately benefits everyone.
In these respects, a series of “policy toolkits” that have been introduced successively in recent years reflect China’s determination and will to further reform:
At the end of 2019,The “Opinions on Building a Better Development Environment to Support the Reform and Development of Private Enterprises”, known as “28 Articles of Private Enterprises”, was launched. Specific measures for opening to private enterprises have been introduced in key industries such as power, telecommunications, railways, oil, and natural gas. The barriers to entry in these areas have been lowered. From April 1, 2020, restrictions on foreign-invested shares of fund management companies will be lifted nationwide; from December 1, restrictions on foreign-owned shares of securities companies will be lifted. Financial opening to the outside world once again ushered in a major breakthrough.
The per capita GDP of US $ 10,000 is not only a great achievement, but also a signpost that motivates us to forge ahead. On the road of pursuing high-quality development, we also need to continuously reform, expand opening up, and strive to move forward.