Social Sciences in China (Chinese Edition)

No.10, 2022

 

China’s Exploration and Innovation in Breaking through Structural Constraints

(Abstract)

 

Guo Kesha

 

The period between the end of China’s rapid economic growth and the beginning of a new development phase is a transitional one, an important time for the CPC Central Committee to explore solutions to structural problems and to put forward major innovative ideas and strategic thoughts. Through a series of practical and theoretical explorations, structural problems have been identified as the main contradiction that constrains China’s economic development. The innovative concepts and strategic ideas represented by the new development philosophy, supply-side structural reform and the promotion of high-quality development are all centered on promoting the resolution of these problems. Addressing structural problems in the new development stage is also long-term, complex and arduous task. It is necessary to balance the decisive role of the market in resource allocation with a better role of government, and to form an endogenous mechanism that promotes balanced, coordinated and sustainable development.