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[Meeting the 19th National Congress of the Party] Supply side power: The new economy stimulates new momentum

   2017-11-01 Economic Daily 472 0
In the past five years, the vigorous vitality of the new economy has made millions of people feel the convenience and beauty of life. Reshape the innovation system, stimulate the vitality of innovation, cultivate new business forms, new economy

In the past five years, the vigorous vitality of the new economy has made life convenient and beautiful for millions of people. Reshaping the innovation system, stimulating innovation vitality, and cultivating emerging business forms, the new economy not only enhances people's "sense of gain", but also injects new energy into the transformation and upgrading of economic and social fields. From "Copy To China" to "Kaobei From China", the era of "Chinese wisdom" and "Chinese solutions" serving the world has been fully opened.

Said Yang Ruilong, professor of economics at Renmin University of China.

"The new economy is highly in line with the five development concepts, and it has emerged suddenly in the past five years, constantly releasing new drivers of economic growth." Li Yongjian, director of the Internet Economy Research Office of the Chinese Academy of Social Sciences.

A new pattern of bright spots has emerged

"In the past five years, I changed from an ordinary mobile phone to a smart phone, bought New Year's shopping online, went out riding a yellow bike, used to receive a counterfeit 100 yuan, distressed to eat dinner at night, and now 80 percent of customers pay by mobile phone, no longer have such problems." Hu Yuping, a farmer from Anhui province, smiles as he sells vegetables near Majiapu subway station in Beijing's Fengtai district.

Over the past five years, the growth of the new economy has drawn a steep upward curve. "Catch up, catch up, China's new economy bright spots, let people dizzying." State Council Development Research Center researcher Li Guangqian commented.

-- Infrastructure has been strengthened. Network capacity continued to upgrade, built the world's leading fiber broadband, fiber broadband users accounted for more than 80% of fixed broadband users, ranking one in the world. As of the end of 2016, 731 million people had access to the Internet, an increase of 29.7 percent over 2012. In 2016, the mobile Internet access traffic was 9.36 billion G, an increase of 8.48 billion G over 2012, with an average annual growth of 80.6%. Speed and cost reduction took real action, and the unit tariff of fixed broadband and mobile data fell by more than 80% compared with 2013. High-speed, high quality and low price broadband network has built the information artery of the society, and the basic supporting role of the new economy is increasingly enhanced.

-- E-commerce is developing rapidly. Online retail has become a new engine of consumption growth. In 2016, the scale of China's online retail market exceeded 5 trillion yuan, ranking first in the world, an increase of 293% over 2012. The volume of express delivery was 31.3 billion, an increase of 25.6 billion over 2012, with an average annual growth of 53.1%. From 2013 to 2016, the number of mobile payment transactions in China increased from 5.545 billion to 122.86 billion, and the amount increased from 10.75 trillion yuan to 208.41 trillion yuan, with an average annual growth rate of more than 175% and an average annual growth rate of more than 165%. "The popularity and convenience of mobile payment in China has surpassed that of developed countries and regions such as the United States and the European Union." Li Yongjian said.

-- Extensive penetration of the sharing economy. The sharing economy, such as online car hailing, shared bicycles and short-term housing rentals, is becoming increasingly popular. In 2016, the transaction volume of China's sharing economy market was about 3.5 trillion yuan, an increase of 103% over the previous year, the sharing of knowledge and skills increased by 205%, the sharing of housing and accommodation increased by 131%, and the transportation increased by 104%. Financing for the sharing economy reached 171 billion yuan, an increase of 130 percent. More than 600 million people participate in the sharing economy.

-- Big data, artificial intelligence, virtual reality and other cutting-edge technologies continue to "land". Hangzhou KFC KPRO restaurant has become a commercial pilot of "facial payment" in the world, and Baidu Map provides intelligent monitoring based on big data for more than 400 intersections in Beijing. Since 2011, China has added more artificial intelligence patents each year than the United States. In 2016, China added more than 9,000 new artificial intelligence patents, more than twice the number of new patents in the United States.

-- The "China Solution" has set sail. On September 22, ofo announced that it would enter five European cities in one day. As of the end of June 2017, China's self-developed TD-LTE has been deployed in 192 countries and regions; Ant Financial technology exports to India's Internet payment company Paytm, Thailand's payment company Ascend Money, the Philippines digital finance company Mynt; The aggregate development model continues to output, and cross-border e-commerce meets the extensive needs of overseas consumers... Wang Xing, CEO of Meituan Dianping, said: "China's practice in the new economy from scratch, from weak to strong has provided a useful reference for the vast number of emerging markets and developing countries."

According to the new statistics in the first half of this year, the added value of China's high-tech industries and strategic emerging industries increased by 13.1% and 10.8% year-on-year, 6.2 and 3.9 percentage points faster than the growth rate of industries above designated size, respectively. In 2016, the total volume of China's digital economy reached 22.6 trillion yuan, accounting for 30.3% of GDP, a year-on-year growth of more than 18.9%. "This fully demonstrates that the new economy has made remarkable achievements in pooling new growth drivers, transforming traditional growth drivers, and promoting China's supply-side structural reform." Lu Chuncong, director of the Institute of Policy and Economic Research at the China Academy of Information and Communications Technology, said.

Enabling new speeds for the future

"In these five years, the big change for me is that I have found a new job. I drove Didi Express in the summer of 2015, and now I can earn 4,000 to 5,000 yuan a month, and the good times are getting closer and closer." Zhong Changqing drives a new white Jetta through the streets of Chengdu, where Didi Chuxing created 17.5 million flexible jobs and income opportunities last year, including 2.384 million drivers from industries that cut overcapacity.

The integration of the new economy and traditional industries is accelerating, promoting the reshaping of the industrial chain, supply chain and value chain, and injecting strong impetus into the succession of old and new driving forces, and online car hailing is just a microcosm. "Led by technological innovation, with new technologies, new industries, new business forms and new models as the core, and supported by new production factors such as knowledge, technology, information and data, the new economy reflects the development trend of new productive forces, and the new economy has become a powerful driving force for transformation and upgrading." Inspur Group chairman Sun Pishu said.

In the retail industry, through the mature consumer Internet, "new retail" not only makes online and offline "enemies into friends", but also makes traditional business look new. According to Zhang Yong, CEO of Alibaba, the essence of new retail is to complete the reconstruction of adults, goods and fields driven by big data, generate chemical reactions, and form new consumption values and experiences. Hema fresh 3 km and a half hour delivery to the home, Bingo box unmanned supermarket intelligent recognition, Decos based on consumer big data research and development of new products. Rapid response, precision marketing, data value-added, "black technology"... Through digital reconstruction again and again, the tree of retail industry naturally grows new branches of different faces, and China has become a big testing ground for future business changes.

In the manufacturing sector, the integration of the Internet and the manufacturing industry has deepened, the industrial Internet has flourished, and a number of new models and new business forms such as intelligent production, personalized customization, networked collaboration, and service-oriented manufacturing have blossomed, and new products in line with the direction of industrial upgrading and consumption upgrading continue to emerge. Share production capacity, share design capacity, share equipment... The emergence of a large number of production factor sharing models has not only reduced the cost of innovation and entrepreneurship, but also greatly reduced the possibility of generating excess capacity. The empowerment of the new economy has also driven the service-oriented transformation of traditional manufacturing enterprises, resulting in a new model of "manufacturing + digital + Internet + service". For example, Sany Heavy Industry, a traditional construction machinery company, has vigorously developed an industrial Internet platform, which now has access to more than 230,000 devices and collects more than 5,000 operating parameters in real time, which can provide customers with accurate big data analysis, forecasting, operational support and business model innovation services.

Through "convergence", a series of innovative service models have emerged. Dingxiang Park, Ping An Wanjia, micro medicine and other mobile medical services have opened offline physical medical institutions; Shijingshan District of Beijing proposed to build a demonstration operation zone for shared cars in the city, and a number of shared car platforms began to appear in Beijing, Shanghai, Guangzhou, Chongqing and other places. Broken screen insurance, return insurance, delay insurance and many other fragmented insurance "fly into the homes of ordinary people", in 2016, the return insurance premium of Zhongan insurance alone reached 1.19 billion yuan. These endless "four unlike" are striding out a new path to tomorrow.

Through integration, institutions, talents, markets, and funds are also fully active, and the momentum for innovation and development is full. Since the 18th National Congress of the Communist Party of China, mass entrepreneurship and innovation have been widely carried out, and the quantity and quality of China's market entities have risen, with an average of 15,000 newly registered enterprises per day in 2016, more than 4,200 maker Spaces of various types across the country, and more than 4,000 technology incubators and accelerators. Innovative enterprises have also received strong support from the capital market. In the past five years, the scale of venture capital in China has continued to expand, with the number of annual investments increasing by 5.1 times and the scale of investment increasing by 18.1 times. The number of new funds raised steadily increased by 66.5%, with 10,163 enterprises listed on the New Third Board and 570 enterprises on the GEM.

New mechanisms for positive interaction

"Five years have passed, I have eaten a 'reassurance', cross-border e-commerce regulatory policies are flexible, the market is constantly standardized, and our sellers have finally become a 'regular army'." Fuzhou seller Wu Xingyu 5 years ago from Germany to study back, as several German stroller company agents, his company has more than 50 million yuan last year.

Like cross-border e-commerce, O2O, online car sharing, bike sharing... The emergence of a series of new formats has put forward new questions for supervision. In the past five years, the management department and the enterprise have established a close coordination relationship, adhere to the parallel encouragement and support and standardized development, policy guidance and management according to law, and pay equal attention to economic and social benefits, which not only protects the innovation enthusiasm of the enterprise, but also solves the network risk, protects the public interest, and walks out a new road of benign interaction.

"The government has continuously optimized services, vigorously improved supporting policies, actively adjusted regulatory methods, worked hard to strengthen support and guarantee, and paid attention to the role of market mechanisms, which effectively promoted the robust growth of the new economy." Li Yongjian was impressed by this positive interaction, "a clear principle is' development and standardization ', such as the basic specification of the network car" Network booking taxi operation service management Interim Measures "was introduced in 2016, is the network booking taxi development to a certain scale before the introduction."

The positive interaction between supervision and the new ecology comes from the continuous deepening of the reform of "discharge management service". In recent years, The State Council has cancelled or delegated more than 600 items requiring administrative review and approval, exceeding the current government's target of reducing the number of items requiring administrative review and approval by one third two years ahead of schedule. Business registration is changed from "license before license" to "license before license"; Pre-approval was cut by more than 85%. The average time for new enterprises to complete registration has been reduced from 26 days before the reform to 14 days. We have streamlined administration, delegated power, expanded market access, and cut taxes and fees. These measures have created an inclusive and open environment for innovation and entrepreneurship for the development of the new economy.

The positive interaction between regulation and the new ecology also comes from the new regulatory concept. The regulatory authorities repeatedly evaluate the possible policies and their impact, establish a scientific and flexible policy evaluation framework, and adopt various advanced technologies to participate in supervision, such as Didi, Mobike, ofo yellow car and other enterprises to provide data to the regulatory authorities in real time, with big data to support regulatory decision-making, in the process of the transformation of old and new kinetic energy, the scientific and technological level of the regulatory authorities is also constantly improving.

The positive interaction between supervision and the new ecology also comes from the institutional guarantee formed by the construction of the rule of law. In November 2016, the "Network Security Law" was introduced and began to be implemented on June 1, 2017, while the "Regulations on the Security protection of Critical Information Infrastructure" and "E-commerce Law" are also being drafted. "They will further regulate and adjust new types of legal relations and legal issues emerging in the new economy, new industries and new forms of business to balance the relationship between security and development." Lu Chuncong said. (Economic Daily · China Economic Net reporter Chen Jing)

(Responsible editor: Xiaobian)
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