This paper proposes that due to its reduced level of economic growth,China must identify a replacement driver for its economic development.By conducting empirical tests of China's two rounds of economic growth dri...This paper proposes that due to its reduced level of economic growth,China must identify a replacement driver for its economic development.By conducting empirical tests of China's two rounds of economic growth driving force transformation in its more than30 years of reform and opening-up,this paper has revealed the internal mechanism of the reform and growth cycles and the transformations,and demonstrated that China's current economic slowdown is not the inadequacy of policies and measures for the expansion of domestic consumption but the necessity to replace the growth engine to drive the country's third round of growth driving force transformation.Lastly,this paper has identified the approach and measures to encourage the transformation.展开更多
基金Result of a program of the Ministry of Education's"Research on the Reform of the Primary Distribution System to Balance Fairness and Efficiency"
文摘This paper proposes that due to its reduced level of economic growth,China must identify a replacement driver for its economic development.By conducting empirical tests of China's two rounds of economic growth driving force transformation in its more than30 years of reform and opening-up,this paper has revealed the internal mechanism of the reform and growth cycles and the transformations,and demonstrated that China's current economic slowdown is not the inadequacy of policies and measures for the expansion of domestic consumption but the necessity to replace the growth engine to drive the country's third round of growth driving force transformation.Lastly,this paper has identified the approach and measures to encourage the transformation.
