According to reports, from 2013 to 2016, my country’s average contribution rate to world economic growth reached about 30%, exceeding the combined contribution rates of the United States, the Eurozone and Japan, ranking first in the world, and led by new development concepts. In the practice of economic and social development, the Chinese economy has still achieved the Chinese Miracle despite the very complex domestic and international environments it faces.
The report stated that the current new development concept is leading the new normal. Taking innovation as an example, in 2016, the number of domestic and foreign patent applications accepted and the number of patent rights granted increased by 69.0 and 39.7 respectively compared with 2012. In 2015, reflecting The economic added value of the “three new” projects is equivalent to 14.8% of the national GDP.
At the same time, the agricultural supply-side structural reform has been steadily advancing. In 2016, grain output was 616.25 million tons, stabilizing at a new level of 1.2 trillion catties for four consecutive years. The production layout is concentrated in advantageous areas, reducing costs. It shows that from January to August 2017, the cost per 100 yuan of main business income of industrial enterprises above designated size dropped by 0.12 yuan compared with the same period last year.
Grain output in 2016 was 616.25 million tons, stable at a new level of 1.2 trillion jin for four consecutive years. The production layout is concentrated in advantageous areas. Experts said that by seizing the main line of supply-side structural reform, Cutting overcapacity, destocking, deleveraging, reducing costs, and making up for shortcomings have not only changed the supply and demand situation in some specific industries, but also are of great benefit to the balance of supply and demand in the entire economy.