Liu Qiao: These five major momentum are the most important sources of productivity growth in the fut

China Economic Net, Beijing, June 13th. On June 11th, Liu Qiao, Dean of the Guanghua School of Management, Peking University, said on the "Guanghua Thought 2022 Summer Forum" that the source of high -quality and economic development in my country is the growth of all factor productivity. The improvement of digital transformation, new infrastructure, large country's industry, resource allocation efficiency, and carbon neutrality are the most important sources of the growth of all -factor productivity in the future.

From the three aspects of China's economic growth, the importance and space of the implementation of more active fiscal policies, and the three aspects of the implementation of more active fiscal policies, he explained his thinking on China's short -term policy and long -term issues.

He said that the source of high -quality and economic development in my country in the future is the growth of all factor productivity. Through active fiscal policies, the decisive force of the use of market allocation resources, configuration of funds to the node field of the national economy can solve the node problem of China's economy. In the short term, these policies can stabilize growth, digestion and employment pressure, and it is also necessary for high -quality development in the long run.

How to maintain the growth rate of full factor productivity? Liu Qiao proposed that the five major momentum of my country's economy, including digital transformation, new infrastructure, large country industry, improved efficiency of resource allocation, and carbon neutrality. It is the most important source of the future of all factor productivity, the focus of investment, and a macro policy. The fields that need to be focused on.

Liu Qiao pointed out that it should measure my country's fiscal policy space with "overall value". my country's overall value is much higher than GDP, so there is a huge space for implementing active macro policies in the short term and long -term. As long as the policy brings funds and configures to the node industry that urgently needs investment in a market -oriented manner, the risks in this process are relatively controllable.

According to the underlying logic of China's economic development, Liu Qiao proposed six policy suggestions: appropriately increase the issuance of long -term government bonds or special bonds, large -scale cash and consumer vouchers, increase investment in traditional infrastructure and new infrastructure, increase basic research on basic research, increase basic research Investing, promoting the "Trinity" reform of the housing provident fund system, rental housing, and REITs construction, as well as the addition of local government debt to a certain range of government bonds within a certain range.

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