Defusing Triple Pressure to Promote High-Quality Economic Development Rapidly

作     者：WANG Hongju ZHANG Xinyu 

作者机构：Schoolof Applied EconomicsUniversity of Chinese Academyof Social SciencesBeijing 12488China National Academy of Economic StrategyChinese Academy of Social SciencesBeijing 100006China School of FinanceZhejiang University of Finance&EconomicsHangzhou 310018China 

出 版 物：《Frontiers of Economics in China-Selected Publications from Chinese Universities》 (中国高等学校学术文摘·经济学（英文版）)

年 卷 期：2024年第19卷第1期

页      面：30-58页

学科分类：0202[经济学-应用经济学] 02[经济学] 020205[经济学-产业经济学] 

基　　金：CAss Innovation Class-A Project“Follow-up Research on China's Macroeconomic Situation and Policy.” 

主　　题：high-quality development output gap strategy to expand domestic demand supply-sidestructuralreform 

摘      要：Since the 18th National Congress of the Communist Party of China(CPC),the quality of China s economic development has been continuously ***,the year 2022 witnessed a subdued economic growth *** triple pressures continue to evolve,with contraction in demand as the primary contradiction facing China s macro economy in the short *** contrast to major economies in the world,China grapples with a low economic growth-inflation index combination,a pace of economic expansion trailing behind its potential,and a mounting unemployment *** impact of supply on price increases weakens,while the global industrial and supply chains are amidst continuous *** the consumer confidence index(Ccl)and the purchasing managers index(PMl)remain *** expectation for the depreciation of the RMB against US dollar is *** 2023,China will continue to improve the financing environment and carry out a proactive fiscal ***,there is a moderation trend in the trajectory of the interest rate of the Federal Reserve System *** together,these factors(triple pressures)are expected to mitigate the contraction in demand,thereby steering the economy toward robust ***,it is crucial to recognize that low economic growth in the long term may compromise the quality of economic *** year 2023 is the first year of accelerating Chinese modernization after the 2Oth National Congress of the *** should integrate the strategy to expand internal demand with its efforts to deepen supply-side structural *** can foster the coordinated growth of both economic quality and speed,making a good start for Chinese modernization.