Impact of Investment on China's Economy:A Perspective Based on the Dual Circulation
In the context of the"dual circulation",it is of great practical significance to assess the role of investment in China's economic development.This paper measures the contribution of two types of domestic investment and other countries'invest-ment to China's GDP creation and growth as they drive domestic and international circulation,and analyses it against the econo-mies of the United States,Japan,the European Union and ASEAN.The study finds that the investment-driven feature of China's economic development is significant,and that investment in purchasing domestic capital goods is prominent in both the domestic and international circulation;in addition,China's investment in purchasing capital goods from emerging economies,such as ASEAN,has continued to increase its contribution to China's economic growth.This paper argues that China should focus on the function of investment in optimizing the supply structure while strengthening effective investment in internal industries,so as to smooth the domestic circulation through effective investment,and to better transmit investment momentum through the domestic circulation.In addition,China needs to focus on improving the quality and level of the international circulation,strengthening close cooperation with emerging economies,including ASEAN,in the field of trade and investment,and fully releasing the poten-tial of various types of investment activities as they drive international circulation to boost China's economic growth.
万方数据
维普
