New Economy: Opportunities, Challenges and Strategies for Chinese Clothing

A new round of global technology and industrial revolution is booming, and the new industry and new economy will accelerate growth, providing a rare historic opportunity for China's economic transformation and upgrading and crossing the “middle income trap”. We must seize this opportunity firmly, plan from a high level of strategy, accelerate the development of a new economy, foster and expand new kinetic energy, realize the transformation of new and old development kinetic energy, and create a new engine for economic growth.

New economic development is bringing about revolutionary changes in the economy and society

The new economy is an economic form that has accompanied the new round of technology and industrial revolution. As early as the 1990s, the United States put forward the concept of "new economy", mainly referring to the development of the information technology revolution and globalization. The US economy has experienced high growth, low inflation, and low unemployment for 10 years. The phenomenon of low budget and low fiscal deficits was thought to have broken the economic cycle of the past. The "new economy" that we are proposing now is related to this and is related to the information technology revolution. It is very different. It is an economic form developed under the new round of new breakthroughs in science and technology and industrial revolution. . American scholar Rifkin believes that the third industrial revolution is the combination of the Internet and new energy, which will bring about a new economic model. The fourth industrial revolution proposed by Schwab, chairman of the Swiss World Economic Forum, refers to the economic development related to the Internet and intelligence that has emerged on the basis of the digital revolution since the beginning of the new century. In general, a new round of technology and industrial revolution is represented by information technology and intelligent manufacturing, including Internet, Internet of Things, cloud computing, big data, 4G communication and other information technologies, intelligent robots, 3D printing, driverless, flexible Intelligent technologies such as production and automation management, as well as new materials represented by nanotechnology, new energy represented by clean energy and renewable energy, and bioengineering represented by genetic technology. The industrial development related to this is in the scope of the new economy.

When it comes to the new economy, people naturally think of high-tech industries, as well as strategic emerging industries. What are the connections and differences between them? It should be said that the new economy includes high-tech industries and strategic emerging industries. This is the new economy. The main body; the new economy is a concept different from the traditional economy, referring to the new industries and economic forms developed on the basis of the traditional economy.

The prominent symbol of the new economy is informationization and intelligence, which is manifested in new technologies, new industries, new formats and new models linked to the new technology and industrial revolution. With the rapid development of the Internet and Internet of Things technologies, we have entered an era of “Internet of Everything”. Computers and mobile phones have become the intelligent terminals of "Internet of Everything", which can quickly connect all aspects of the world economy and society. Based on next-generation information technologies such as 4G communication (future 5G communication, quantum communication) and the Internet (mobile Internet), the new economy will accelerate the penetration and expansion into the first, second and third industries and various industries, and generate many new industrial forms. With the development of a new generation of high-capacity, high-speed computer technology, intelligent equipment not only replaces manual labor in the fields of agriculture, industry, and service industry, but also replaces human brain labor more and more, forming intelligent and automated production and life. Ways and economic and social models.

The development of the new economy is bringing about a far-reaching revolutionary change. With its subversive technology and creative destruction, the new economy continues to spawn new economic models, presenting new features such as high intelligence, light assets, zero cost, micro-behavior, and strength. In the development of the Internet economy, high-intelligence talent resources are becoming more and more important, the value of physical assets is relatively declining, and the sharing of Internet information resources makes the cost insignificant. WeChat, Weibo, micro-loan, small-volume personalized customization and other micro-behaviors It is emerging, and mass participation, crowdfunding, public support, crowdsourcing and other popular participation sharing economies are booming. "Internet +", intelligent manufacturing and other wide-ranging applications, the deep integration of virtual and physical, is forming new economic forms such as new production methods, industrial forms, and business models. At the same time, traditional industries are more integrated with the Internet and intelligence, speeding up the pace of transformation and upgrading, and realizing new changes that are reborn. The new economy is creating a new life for people and spawning new ways of social management. More and more people are integrating into the digital new life. Online ordering, electronic payment, online interaction, distance education and medical care are changing people's lifestyles. E-government, intelligent transportation, smart city, smart home and other developments are creating new social management models.

Opportunities and Challenges Faced by China's New Economic Development

Human beings have experienced several technological and industrial revolutions, which have promoted the great development of productive forces and brought about revolutionary changes in the economy and society. Sadly, China has missed the opportunities of the technology and industrial revolution several times in history and has fallen into a backward situation. After nearly 40 years of reform and opening up, China's economic strength and scientific and technological level have increased substantially, and some areas have already reached the world's leading level. In particular, the new economic development linked to the new round of technology and industrial revolution is showing a good momentum. China has become the world's largest smartphone producer and consumer market, with more than 1.3 billion mobile phone users and 785 million mobile broadband users. It has built the world's largest 4G communication network with more than 380 million 4G users. China has become the world's largest e-commerce and electronic payment market. Last year, the country's online retail sales reached 3.88 trillion yuan, an increase of more than 33%, accounting for more than 10% of the total retail sales of consumer goods. China has become the world's largest consumer market for robotics and new energy vehicles. The new economy, represented by a large number of innovative enterprises such as CRRC, Huawei, ZTE, Xiaomi, Alibaba, Tencent, Haier, Xinsong and Dajiang, has shown increasingly strong international competitiveness. New industries such as next-generation communication networks, high-end equipment, intelligent manufacturing, robotics, 3D printing, driverless, new energy vehicles, and smart TVs are developing rapidly.

China is at a critical stage in the continuous transformation of new and old development kinetic energy. The old development kinetic energy tends to weaken, and the new economy and new kinetic energy are accelerating growth. Due to the multi-level and complex characteristics of the Chinese economy, there are both a booming new economy and a large-scale traditional economy; there are new areas of Industry 4.0, and a large number of “Industry 2.0” and “Industry 3.0”, even There is also the traditional industry of "Industry 1.0". The proportion of the new economy in the entire economy is still small. In the short term, it is not enough to make up for and replace the decline of the traditional economy. However, although the new economy is weak and growing, it is the hope of China's economic development in the future.

The Chinese economy has shifted from the rapid growth of the past to the new normal of medium and high-speed growth. To break through the bottleneck of development and the “ceiling” of growth, and successfully cross the “middle income trap”, we must firmly grasp the new round of technology and industrial revolution. Historic opportunities, the implementation of the "curve overtaking" strategy, bravely the "new wave" in the new wave, accelerate the development of new economy, foster and expand new kinetic energy, transform and upgrade traditional kinetic energy, and create a new engine of economic growth.

China has the advantages of various aspects to accelerate the development of the new economy. China has become the world's second largest economy, the largest manufacturing country, and the world's second largest R&D country, with R&D investment ranking second in the world. With the world's largest human resources, there are more than 170 million professional and technical personnel with higher education. The high-end equipment manufacturing industry represented by high-speed rail, nuclear power, communications, etc. is in the leading position in the world; supercomputing, quantum communication, photovoltaic power generation, genetic engineering, etc. all have a place in the world high-tech field. China also has the advantage of market scale. With the continuous expansion of middle-income groups, it has become the most dynamic and growing emerging market in the world. There are already 10 provinces, autonomous regions and municipalities with a population of more than 500 million people, and the per capita GDP exceeds 10,000 US dollars. The purchasing power and consumption level of residents have attracted worldwide attention. China's industrial supporting system is complete, its infrastructure is developed, and it has comprehensive comparative advantages and many supporting conditions for developing a new economy.

Key measures to accelerate the development of the new economy

In the face of a new round of science and technology and industrial revolution, the Party Central Committee and the State Council have made an important contribution to the deployment of innovative countries, world science and technology powers, and manufacturing powers. They have implemented innovation-driven development strategies and formulated and implemented national innovations. Drive the development strategy outline "China Manufacturing 2025" "Internet +" action plan, national big data strategy, etc., promote "mass entrepreneurship, innovation" and introduce a series of policy measures. All of these have played an important role in promoting the development of the new economy. On this basis, we must further implement the new economic development strategy and take the following key measures:

First, accelerate the development of the new economy and transform and upgrade the traditional economy, and create a "double engine" for economic development.

Economic development requires constant injection of new impetus. At different stages of economic development, the dynamic mechanisms of economic growth are different. If the economic development is likened to a train, the past power is the steam engine, and later the internal combustion engine. Now it needs high-speed power to enter the high-speed rail era. The new economy is an innovation economy, an information economy, a smart economy, and a sharing economy. The new economy is created, and it can be “out of nothing”, “one life two, two students three, three things”, such as WeChat, Facebook, Uber, Didi, and so on. We must accelerate the development of a new economy, create a new economy, promote the continuous growth of new technologies, new industries, new formats, and new models, and promote the sharing of the economy and the minimally invasive economy. At the same time, accelerate the use of information networks and intelligent new technologies, transform and upgrade traditional industries, reshape the industrial chain, supply chain, value chain, and take the wings of the traditional industry. By developing a new economy and transforming and upgrading the traditional economy, a new and powerful hybrid will be formed to push the Chinese economy to a new level and achieve transformation and development.

Second, focus on breaking through the development of leading industries and fostering new economic industrial clusters.

To develop a new economy, we must choose a breakthrough. The focus is on two aspects: on the one hand, vigorously develop the "Internet +" economy, that is, the information economy, the network economy, and the digital economy. Fully operate the Internet (mobile Internet), Internet of Things, big data, cloud computing and other information technologies, and integrate with all walks of life to achieve online and offline, virtual and physical integration, accelerate the development of e-commerce, e-finance, Internet industry, The Internet service industry will create new modes of agriculture, industry, and service industries and new industrial systems. On the other hand, vigorously develop the intelligent manufacturing industry, including intelligent robots, 3D printing, flexible manufacturing, driverless, industrial automation and other industries. In particular, intelligent robots, including industrial robots, agricultural robots, and service robots, have unlimited development space, such as Alpha GO, which will be used in a wide range of fields, bringing about new changes in production and life. Of course, we must also attach great importance to the breakthrough development of new materials, new energy, and biotechnology.

Third, promote innovative technologies, experiences and management models in a point-to-point manner to guide the development of the new economy.

Now, the development of the new economy has sprung up, innovations and models are beyond people's imagination, and some innovative products are full of whimsy and incredible. Huawei has created a Chinese legend in the development of high-tech manufacturing enterprises, and firmly holds many cutting-edge patent technologies. Huawei mobile phones have already ranked first in the domestic market. Xiaomi has a unique approach to achieve seamless integration between manufacturing and consumption. Consumers participate in product design customization and have sprung up in the smart phone industry. Alibaba has established the world's largest e-commerce empire. Taobao and Alipay have fundamentally subverted the traditional business and financial model. Ma Yun is imaginatively pursuing the establishment of the EWTO plan in an attempt to rewrite the miracle of magical “open sesame”. Government management departments and leading cadres at all levels should go to the hotline of the new economic development to take a look and look at it, conduct in-depth investigation and research, timely discover typical case experiences, summarize and promote them, and formulate effective incentive support policies. To promote the development of the new economy from small to large, from weak to strong, and create a new miracle of China's economic development.

Fourth, further decentralization and decentralization, and promote the development of “mass entrepreneurship and innovation”.

In recent years, the simple decentralization of power and the “double innovation” have achieved remarkable results, effectively stimulating market vitality and social creativity. The newly-added market players have experienced a spurt of growth, playing an important role in stabilizing growth and ensuring employment. To develop a new economy, we must create a more relaxed and good market environment. All aspects of society reflect that there are still too many restrictions in government management, and many things that should not be managed, managed, and managed are not managed, and market supervision and services have not kept up, affecting innovation and development. We must vigorously promote the decentralization of power, integrate management, optimize service reform, and further play a decisive role in market allocation of resources. The government must strengthen market supervision and services, strictly protect intellectual property rights, crack down on counterfeit and shoddy behaviors, and fertilize new economic development. Refueling. In-depth promotion of "mass entrepreneurship, innovation", not only vigorously develop high-end innovation industry, but also actively develop a large number of minimally invasive economy, forming a new situation in which science and technology research and development institutions, enterprises and individuals participate together, entrepreneurial innovation and creation flourish.

Fifth, strengthen the construction of information infrastructure and build a data highway.

It is essential to develop a new economy and build a public information platform that covers the entire society. At present, China's broadband network speed is very different from that of developed countries, which restricts the "Internet +" economic development. It is necessary to fully implement the information highway construction project. On the one hand, speed up the construction of optical network cities, promote the entry of optical fiber into the village, and achieve full coverage of urban and rural broadband networks. On the other hand, while accelerating the popularization of 4G communication, we will study the layout and layout of 5G communication in a timely manner, focus on quantum communication technology, and, like the construction of high-speed rail, ensure that China's “information high-speed rail” is at the forefront of the world.

In order to monitor and evaluate the new economic development in a timely manner, it is necessary to improve the statistical methods and establish a statistical indicator system for the new economy to provide a scientific basis for formulating effective policy measures to promote the development of the new economy.

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