Wu Jinglian: The key to the success of the transition is whether it can establish a policy that is conducive to innovation.

Abstract "The situation and reform of China's economy after the 18th National Congress can be summarized in three words, the new normal, new power, and new development." On the 29th, the famous Chinese economist Wu Jinglian was a guest at the Southwest Associated University Forum of Yunnan Normal University. After the 18th National Congress...
"The situation and reform of China's economy after the 18th National Congress can be summarized in three words, the new normal, new power, and new development." On the 29th, the famous Chinese economist Wu Jinglian was a guest at the Southwestern Associated University Forum of Yunnan Normal University. The Economic Situation and Reform of the Eighth National Congress will analyze the current hot economic issues. He pointed out that the situation and reform of the Chinese economy after the 18th National Congress is facing "three new."

Wu Jinglian is one of the most outstanding economists in China's economics field and contemporary China. He is currently the deputy director of the Information Technology Expert Advisory Committee of the State Council and the deputy director of the Academic Committee of the Development Research Center of the State Council.

The lectures of the day were centered on the three key words of “new normal, new power, new development”.

Wu Jinglian said that the so-called "new normal" means that China's economy has shifted from high-speed growth to medium-speed or medium-speed growth; from scale-type extensive growth to quality-effective intensive growth. He said that the former has become a reality, while the latter is the expectation that is being worked hard.

“Innovation-driven, optimized structure, efficiency improvement, and economic transformation have been proposed for many years. Historical experience shows that the key to the success of transformation is whether we can establish a system and policy that is conducive to innovation and entrepreneurship through reform.” Wu Jinglian said, correct The policy is to promote reforms in key areas under the conditions of controlling systemic risks, and promote the transformation of economic development mode through reform.

Wu Jinglian analyzed that although China's GDP growth rate has gradually declined in the past three years, the employment situation is good, the structure is improved, and the service industry is accelerating. The main reason is the emergence of structural optimization.

“Why has many years of calls for optimizing the structure and development of the service industry has no obvious results, but suddenly changed in recent years, obviously caused by reforms such as the reform of the camp and the facilitation of industrial and commercial registration.” Wu Jinglian believes that the reform of the knife is not enough to establish higher efficiency. The medium-speed growth of the state of economic development, but it shows that as long as the reform is carried out in an orderly and orderly manner, it will surely usher in a new situation.

Wu Jinglian also summarized the implementation of China's economic reform measures in 2014. He believes that in 2014 China's economic reforms and decentralization have achieved initial results, interest rate and exchange rate marketization is progressing smoothly, fiscal reform is being implemented according to the plan approved by the deep reform group, and agricultural land reform has achieved partial consensus, and state-owned economic reform is expected to accelerate.

Finally, Wu Jinglian also interacted with the teachers and students of Yunnan Normal University and people from all walks of life in Yunnan on the forum to interpret a series of hot issues in the economic field.

The Southwestern Associated University Forum is co-sponsored by Peking University, Tsinghua University, Nankai University and Yunnan Normal University. It is an academic exchange platform hosted by Yunnan Normal University and a platform for promoting regional economic and social development. At present, more than 10 outstanding figures from various fields have made speeches at home, which has caused great repercussions at home and abroad. (Finish)

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