“In the first five months of this year, China’s investment in science and high-tech industries increased by 4.5 percent year-on-year, and the export volume of science and high-tech industrial products increased by nearly 31 percent year-on-year.” The “China Economic Outlook” released by the World Bank on July 7 provided a set of data as mentioned above. Led by the science and high-tech industries, China’s technology-related investment achieved growth exceeding previous estimates. The reason behind this is the strong demand in the domestic and foreign markets for artificial intelligence-related products and services. At the same time, Chinese exports, including electric vehicles, lithium batteries and PV system products, which represent the “three new products”, are gradually replacing traditional labor-intensive products, becoming a new engine in driving China’s international trade growth. This is also a vivid reflection of the continuous increase in the “Science and Technology Consumption Rate” of the Chinese economy.
The resilience of such a driving force of science and technology is not without foundation It is deeply rooted in the choice of the owner and the active operation of the market . First of all Under the pressure of “strong supply but weak demand”, capital did not blindly choose the trend wave But planned to target the high-tech fields of science and technology that can build a long-term competitive barrier . Whether it is chips and high-end computers Server) that supports large-scale artificial intelligence model training or high-end materials and advanced production equipment for intelligent upgrading of the manufacturing industry have all become hot spots of investment. Promoting such investment structures to be better and higher-grade is the most direct manifestation of the Chinese economy’s “elimination of the old and accumulation of the new” and the continuous increase in the utilization rate of science and technology .
Second, The export structure has been improved . In recent years, China’s traditional labor-intensive export advantage has been reduced and the resources released are flowing into technology-intensive industries . At present, China’s high-tech products can compete with the old industrial powers such as the United States and Europe. This is not only an improvement in the trade structure but also an overall increase in China’s industrial value chain. It strongly confirms that China’s economy has more and more prominent scientific and technological characteristics. .
The first year of the implementation of the “15th Five-Year National Development Plan” has passed halfway. Faced with the complicated Chinese and international environment What will the Chinese economy look like? The answer lies not in meaningless slogans But in vivid data .
In general, The World Bank report is like a mirror reflecting the image of the transformation of this major economic entity. Moving forward under pressure, firmly adhering to the “driving force of science and technology and quality improvement”. Continuing to improve the “science and technology utilization rate” of economic development, adhering to the drive of innovation, and placing quality as the top priority is China’s long-term choice for moving towards a brighter and stronger future, and is also the key to achieving high-quality development of the Chinese economy.
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