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        Western media: China to the innovation of national transformation

        Date:15.12.02

        Reference News Network reported on December 2nd western media said, in the "13th Five-Year" period, the bottom line Chinese annual economic growth rate will be 6.5%. However, the economic slowdown is a controlled process. China will change the mode of development, from manufacturing industry and industrial, infrastructure and real estate investment to export oriented development model is less than required and more competitive service industry as the foundation, and to foreign investment more open development model.
        According to the Spanish China policy observation website reported in November 30th, China claims that the focus of economic growth from quantity to quality.
        China will still be one of the largest factories in the world. As the world's second largest economy, China is moving from the past to the technology, innovation and green economy intensive production of high value-added products based on cheap labor. Chinese companies are striving to achieve technological leaps in order to compete with foreign countries and regions such as the United States, Europe, Japan, South Korea, Taiwan and other countries and regions around the world. Over the past 10 years, Chinese companies have quietly acquired a number of cutting-edge technologies and communications equipment in the West (especially in Europe).
        China has not only learned a lot of things, but also very fast. China's investment in R & D has been accounted for 2% of gross domestic product (GDP), and has a number of innovative enterprises. In the telecommunications sector is the most prominent among HUAWEI and ZTE, and Baidu, Alibaba and Tencent is the most successful Internet companies. The list is still long. China will become a strong advocate of intellectual property protection in China as a global technology leader in the success of large multinational enterprises in China. In November 2nd, China developed the C919 large passenger aircraft assembly line in Shanghai, the aircraft will be in the field of aviation in the world to compete with Boeing and Airbus aircraft.
        China is still following the pattern of industrial development in Japan, South Korea and Taiwan, and is now developing countries and regions with advanced technology. But Chinese giant is sitting on a huge sum of wealth: more than 1.3 billion population of the huge domestic market has the potential for consumption, of which 55% for the urban population. Consumption currently accounts for only 40% of China's GDP, with the increase in the wage level, the proportion will increase. The OECD's consumption accounts for 60% of GDP. Middle and high income classes in China's central and western provinces will also have more disposable income to spend. But China also needs to cross a cultural barrier: the Chinese people are more inclined to put a considerable part of the income into the bank to pay for the future of the country can not cover a variety of social needs. Chinese "13th Five-Year" plan in 2020 per capita income more than doubled in 2010.
        China has amended the population policy to allow a couple to have two children. Since 2012, the rapid aging of the Chinese population is making the gradual reduction of the labor force. However, many jobs have been replaced by robots or machinery. Due to the rapid rise in labor costs, enterprises in the after calculation decided robot investment, especially not to move out of the factory in China's multinational automobile manufacturing enterprise, because China is their largest sales market. Industrial robots have begun to enter the field of Zhejiang and Guangdong, some of the manufacturing sector, and is advancing inland industrial city. Apple's supplier, Foxconn plans to implement 30% automation in its mainland China factory for 5 years. Machinery is also rapidly entering the service industry, some new occupations require a greater degree of specialization.
        These changes have been driven by the private sector. Now China's private sector has become more with the spirit of innovation, productivity, competitiveness, innovation, efficiency and create employment than inefficient, high debt and bound by the relationship between the party and the government in large state-owned enterprises, superior.
        China is rapidly transforming from a developing country to a developed and innovative country.

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