品牌价值网_中国品牌价值排行榜-What Is The Significance of Dual Circulation Mentioned In The Report of The 20th National Congress?
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What Is The Significance of Dual Circulation Mentioned In The Report of The 20th National Congress?

2022-11-03 21:10:55    来源:www.bvrcn.com 品牌价值网

On October 16th, the 20th National Congress of the Communist Party of China (CPC)opened at the Great Hall of the People. On behalf of the CPC 19th Central Committee, Xi Jinping delivered a report entitled " Hold High the Great Banner of Socialism with Chinese Characteristics and Strive in Unity to Build a Modern Socialist Country in All Respects".

 

          This is a major event in China, which will profoundly affect the trend of China in every field in the future. In the report, the General Secretary drew a grand blueprint for building a modern socialist country in all respects and promoting the great rejuvenation of the Chinese nation in all fronts. Under the correct guidance of the Communist Party, people from all walks of life are forging ahead with enterprise and fortitude and carrying out their duties without fatigue to turn the grand blueprint into a brand new future.

 

Comrade Xi Jinping pointed out in the report of the 20th Party Congress that we must implement the new development concept completely, accurately and comprehensively, adhere to the direction of socialist market economy reform, persist in high-level opening up, and accelerate the establishment of a development pattern in which domestic circulation plays a leading role while domestic and international circulation can boost each other.

 

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So, what is the significance of the dual circulation mentioned in the report of the 20th National Congress?

 

"Dual circulation" frequently appears in important documents.

 

By combing the important documents in recent years, we can find that many documents mentioned the dual circulation. It can be seen that in the future, building a new development pattern in which domestic circulation plays a leading role while domestic and international circulation can boost each other will become a wind vane of coordinating various economic policies at home and abroad.

 

On May 14, 2020, the Chinese Central Government put forward for the first time "building a new dual circulation development pattern in which domestic and international circulation can boost each other".


During the "two sessions" in late May, Xin Jinping, the General Secretary of Chinese Communist Party, once again stressed that it is necessary to "gradually establish a new development pattern in which domestic circulation plays a leading role while domestic and international circulation can boost each other".

 

The fifth plenary session of the 19th CPC Central Committee adopted the Party leadership’s proposals for formulating the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035, which included "accelerate the establishment of a new development pattern in which domestic circulation plays a leading role while domestic and international circulation can boost each other".

 

Earlier this year, China officially issued a document to speed up the establishment of a unified national market, further implementing the strategic deployment of dual circulation.

 

This time, "dual circulation" was written into the report of the 20th Party Congress, which also means that keeping a foot on the new development stage, implementing the new development concept, building a new development pattern and promoting high-quality development have become the programmatic direction of China's economic development. In the future, these economic development concepts will interact with each other to jointly drive China's economic development and build a new development pattern. China will be able to comprehensively and systematically implement the new development concept and smoothly enter a new development stage, thus comprehensively promoting China's high-quality development, realizing national rejuvenation and building a modern China.

 

China's new development pattern was formulated after fully considering the domestic and international situation. While the Covid-19 crisis is still going on and Geopolitical Games are intensifying, some big countries began to form a small circle for "anti-globalization", which is the international background of putting forward such a policy. China has become a world factory, and has the confidence and ability to promote its integration into the global industrial chain and build a more open economic and business environment. Domestically, according to the data of the National Bureau of Statistics, Chinese GDP has increased from 54 trillion yuan to 114 trillion yuan, and Chinese economy has achieved a historic leap. China's GDP share has increased accordingly, remaining the 2nd in the world and forming a huge domestic market. The new development pattern at home and abroad can help China walk on two legs, coordinate the balanced development of domestic and foreign economies, and jointly promote economic progress.

 

"Dual circulation" appeared in the report for the first time, which shows that "dual circulation" has become the most important starting point for building a new development pattern. Specifically, China should first give full play to the advantages of super-large market and domestic potential, tap the endogenous power and improve its reliability; Secondly, China should better integrate into the international economic circulation, and truly form a larger, wider, deeper pattern while continuously adhering to the opening-up policy.

 

"Dual circulation" needs China to further opening up

 

After the report of the 20th National Congress put forward "a new development pattern with domestic circulation plays an important role while domestic and international circulation can boost each other", some people have a partial understanding and are garbled, thinking that China will restore to self-sufficient, even close its door to the outside world.  As a matter of fact, this is a misreading of the report of the 20th Party Congress. If we fully understand the development concept of "three news and one high" put forward by Xi, the General Secretary of CPC, we will find that the dual circulation is by no means staying at home, but exploring the world on the basis of domestic market, embracing globalization with a more open attitude, deepening various reforms and promoting better social and economic development. At the first press conference held by the Press Center of the 20th Party Congress, the spokesman particularly emphasized that building a new development pattern is an open domestic and international dual circulation, not a closed domestic single circulation.

 

China is a beneficiary of opening up to the outside world and a promoter of economic globalization. Relevant data show that in the decade from 2012 to 2021, China's foreign trade has increased from 24.4 trillion yuan to 39.1 trillion yuan, and its international market share has increased from 10.4% to 13.5%, thus consolidating its status as the largest country in global goods trade. Among the 233 countries and regions in the world, China is the largest trading partner of 166 countries and regions. Moreover, China is also the most important "engine" of world economic development, and China contributes to the world economy growth has been over 30% for many years.

 

After the COVID-19 outbreak, China can quickly get it under control and effectively resume various production activities. Under the complex situation of coping with the impact of the COVID-19 and regional conflicts, China still ensures the stable supply of the industrial supply chain, and further strengthens its role as the world's most important supplier of goods and services.

 

        Statistics from the Ministry of Commerce show that in the first half of this year, the actual use of foreign capital nationwide was 723.31 billion yuan, up 17.4% year-on-year. The latest Survey Report released by the German Chamber of Commerce in China the American Chamber of Commerce in China pointed out that over 70% of German-funded enterprises and over 60% of American-funded enterprises plan to increase their investment in China, all of which show China's open attitude. China welcomes a more open and global operating environment and actively ensures the supply of global industrial chains.

 

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The data of some enterprises are more convincing. Tesla China delivered 83,135 vehicles in September, setting a new monthly delivery record. This figure increased by 8% compared with August, which also set a new delivery record since Tesla Shanghai factory was put into production in December 2019. The Shanghai factory is currently Tesla's super factory with the highest production capacity. This upgrade has boosted its production of new cars in China and greatly shortened the delivery cycle.

 

Precisely because China has a very mature industrial chain, China actively and quickly allocates various resources, so many world leading brands are willing to set up factories in China, and China welcomes enterprises from all over the world with a more open attitude to achieve win-win results. China's economy can increase employment rate and enterprises also benefit from a stable, safe and fast industrial chain, which can rapidly improve production and sales level and enhance their brand value.

 

"Dual circulation" should be based on the domestic market

 

To sum up, in the past 10 years, China’s economy has made great progress, which has also made China has a huge domestic market. China has a population of more than 1.4 billion, the average per capita GDP has exceeded 12,000 US dollars, and the number of middle-income people has reached more than 400 million, forming the largest and most growing middle-income group in the world. Huge domestic demand is the fundamental driving force for China's sustained economic development and the cornerstone for further opening up. Just as the report of the 20th Party Congress pointed out, we can rely on the advantages of China's super-large market to attract global resource elements with domestic circulation, enhance the linkage effect of two resources in domestic and international markets, and improve the quality and level of trade and investment cooperation.

 

The sales data of domestic e-commerce platforms can also reflect the needs of the domestic market. According to historical data, the sales on June 18th in JD.COM increased rapidly from 60 billion yuan in 2012 to 379.3 billion yuan in 2022. The annual sales on June 18th and November 11th are increasing steadily, and the number of express delivery is also increasing, all of which reflects the strong domestic demand market and the domestic sinking market with a great development potential.

 

In the report of the 20th Party Congress, Xi Jinping, the General Secretary of CPC,   emphasized that we must adhere to the theme of promoting high-quality development, combine the implementation of the strategy of expanding domestic demand with deepening the supply-side structural reform, enhance the endogenous power and reliability in domestic economy circulation, improve the quality and level of international economy circulation, accelerate the establishment of a modern economic system, focus on improving total labor productivity, improve the resilience and safety level of industrial chain and supply chain, promote urban-rural integration and regional coordinated development, and promote the effective quality improvement and reasonable economy growth.

 

Enhance the resilience of the domestic industrial chain, achieve efficient and safe production and enhance the endogenous power and reliability of the domestic economy can not only better attract foreign investment, but also promote the satisfaction of domestic enterprises and people's needs. Enterprises in all industries in China have made great achievements: the annual production capacity of high-purity aluminum series products of Baotou Aluminum Co., Ltd. Of China Aluminum has reached 80,000 tons; the total annual power generation of Yangtze Power in 2021 was 208.322 billion kwh; since the 18th Party Congress, China's total grain output has reached a new level of 100 billion Jin, exceeding 1.3 trillion Jin for seven consecutive years.

 

The fundamental purpose of promoting the organic combination of domestic demand and supply-side reform is to solve the contradiction between people's growing needs for a better life and unbalanced development. In fact, this is also the contradiction to be solved by the "three news and one high".

 

The report of the 20th Party Congress depicts a new blueprint for us and the new development pattern of dual circulation helps us point out the future direction. China will welcome enterprises from all over the world with more openness, base itself on the domestic market, enhance the endogenous power and reliability of the domestic circulation, continuously promote economic construction, and achieve the Party’s goal in the next stage.

 

        On the list of " The 1st World Brand Value Top 900 " released on March 14, 2021, Tesla's brand value was 313.253 billion yuan, ranking 73 rd; JD.COM's brand value was 129.558 billion yuan, ranking 185th; The brand value of Changjiang Power was 935.71, ranking 281st.


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作者:杨瑞安



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