Theoretical Logic and Economic Basis for Building a New Development Pattern
Market failure and global development deficit are the logical starting point for China to build a new development pattern.The key to breaking through development bottlenecks is to build a unified national market under the saturated and exogenous conditions of the international market,which can achieve endogenous growth and then drive global growth.In reality,the new energy revolution and the the digital economy have laid the industrial foundation for the new development pattern and suppressed the market failure of traditional industries,therefore,building a new development pattern is conducive to surpassing the global development deficit.Based on this,three suggestions are proposed:supply side reform and systemic reform to correct market failure,policy support to prevent industrial hollowing-out and strategic planning to address risk challenges,etc.
the new development patternnew energydigital economydevelopment deficit
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