Accelerate the conversion of kinetic energy to support the rapid development of China's economy

HC Security Network News "transformation" is no stranger to China. It is relying on the large-scale transformation of reform and opening up that China has harvested the benefits of rapid growth over the past 30 years. Today, standing at the starting point of the "Thirteenth Five-Year Plan", China is undergoing another "change of track" - economic development must be driven by traditional kinetic energy to new kinetic energy.

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The word "transformation" is no stranger to China. It is relying on the large-scale transformation of reform and opening up that China has harvested the benefits of rapid growth over the past 30 years. Today, standing at the starting point of the "Thirteenth Five-Year Plan", China is undergoing another "change of track" - economic development must be driven by traditional kinetic energy to new kinetic energy.

Although the pain of transformation is inevitable, with the emergence of “Internet +”, mass entrepreneurship, and innovation, new industries, new ecology, and new models are emerging, and new kinetic energy is growing rapidly; although it is still difficult to scale with Traditional kinetic energy is equal, but new kinetic energy plays an increasingly important role in supporting development, securing employment, and promoting transformation and upgrading.

No one can accurately portray the "likeness" of the Chinese economy in the next five years. However, there is no doubt that the "13th Five-Year Plan" outlines the direction and goals of the struggle.

"The economy will maintain the goal of rapid growth in the next five years." This is the clear answer given by General Secretary Xi Jinping when he explained the "Proposal of the CPC Central Committee on Formulating the Thirteenth Five-Year Plan for National Economic and Social Development."

Why is China so emboldened? In what ways does China’s new kinetic energy perform better? How to continue to deepen and optimize these new kinetic energy? Recently, our reporter interviewed Wang Delu, director of the Beijing Great Wall Enterprise Strategy Institute, on these issues.

Innovation is the key to fundamentally opening the lock of growth

Reporter: President Xi Jinping mentioned in the opening speech of the G20 summit in Hangzhou, "Innovation is the key to fundamentally opening the lock of growth." How to understand this sentence? At present, China's economic upward momentum and downward pressure are intertwined, new and old kinetic energy continue to change, and economic transformation and upgrading have entered a critical period. In the face of the economic law of kinetic energy iterative replacement, what can China do to promote sustained economic growth and leap to a new level?

Wang Delu: The innovative growth mode is becoming a new perspective for domestic and foreign economic circles to interpret China's reform achievements. On the one hand, in the process of changing from quantitative growth to qualitative improvement, innovation and development continue to provide new impetus for economic growth. On the other hand, the global economy is rapidly turning to the new economy. China's innovative growth mode is not the traditional way to increase R&D can solve problems, but to develop new economies, develop entrepreneurship, develop new formats, and provide new kinetic energy. In this sense, China's innovative growth approach is an exploration of the latest trends in globalization. This kind of exploration must not only ensure growth, but also play a leading role.

Since 2016, China has accelerated the transformation of the “three major strategies” from blueprints to reality. First, to promote the construction of the “Belt and Road”, a number of capacity cooperation and major landmark projects such as transportation, energy and communications were settled. Second, the new growth belt and the growth pole support role appeared. The Beijing-Tianjin-Hebei coordinated development major project was accelerated, the Beijing City Sub-center accelerated construction, the Yangtze River Economic Belt ecological protection, and general aviation, urban light rail and other emerging comprehensive transportation construction were further strengthened. Third, new economic forms such as new industries, new formats, and new models have developed rapidly. For example, application innovation based on the Internet, big data, Internet of Things, and biotechnology has rapidly expanded, and digital manufacturing workshops and smart factories have been accelerated.

At the G20 Hangzhou Summit, why did China propose an innovative growth approach? I think it is mainly from China that has explored its own experience and has the confidence. This emboldenedness is China's innovation growth mode. There are three areas that are in the forefront of the world: infrastructure construction, science park construction, and technology entrepreneurship.

Taking science and technology parks as an example, the National High-tech Zone is becoming the mainstay of supporting national innovation investment. At present, China has 17 national independent innovation demonstration zones and 146 national high-tech zones. The data shows that in 2015, the National High-tech Zone achieved a total operating income of 25.37 trillion yuan, an average annual growth rate of 17.4% during the 12th Five-Year Plan period. The National High-tech Zone has gathered 31,160 high-tech enterprises, accounting for 40.9% of the country's high number. In 2015, the R&D expenditure of enterprises in the National High-tech Zone reached 452.16 billion yuan, accounting for 31.8% of the national enterprises. The total R&D investment accounted for 5.5% of the GDP, which is 2.6 times of the national average.

In terms of technology entrepreneurship, three generations of entrepreneurs emerged in China: the first generation is represented by Stone, Founder, Lenovo, Huawei, Haier, the second generation is represented by Alibaba, Tencent, Baidu, and the third generation is currently The emergence of unicorn companies, such as millet, Meituan, Didi. At present, a large number of gazelle and unicorn enterprises are appearing in the National High-tech Zone, and many new results of cross-border integration and explosive growth have emerged. It can be foreseen that with the step-by-step deepening of mass entrepreneurship and innovation, the level of entrepreneurial services will be improved step by step, and the entrepreneurs' insights will be improved step by step. China will emerge more great companies that change the world.

Explosive growth is a key factor in suppressing recession

Reporter: In the international standard, the unicorn enterprise is the representative of explosive growth and the concentrated expression of technological innovation in the new economic era. The industry also uses the Gazelle Enterprise, which is a high-tech enterprise that has survived and has a leap-forward development after crossing the Death Valley. The greater the number of gazelle companies in a region, the stronger the innovation and the faster the development of the region. At present, what is the situation of Chinese unicorns and gazelle enterprises?

Wang Delu: The growth path of enterprises in the new economic era presents non-linear characteristics, and more and more shows the characteristics of explosive growth. The biggest feature of non-linear growth is the increasing uncertainty of the environment faced by entrepreneurs. Therefore, no matter how high the technology and how good the idea is, entrepreneurs face the Death Valley. The death of a large number of entrepreneurial enterprises is an inevitable phenomenon of the new economy. Only a large number of entrepreneurial enterprises can show the preciousness of the gazelle enterprises that cross the Death Valley. Only when a large number of startups die, can the gazelle enterprises and explosives emerge from the Death Valley. A growing unicorn company.

The Great Wall Enterprise Strategy Research Institute proposed four stages of “start-up enterprise – gazelle enterprise – unicorn enterprise – dragon enterprise”, which indicates that the growth of the enterprise is non-linear and the environment of the enterprise is uncertain. The new economic era requires entrepreneurs with higher levels. In an uncertain environment, there is a greater need for great entrepreneurs. A new generation of entrepreneurs has four basic requirements: one is to have the dream of changing the world, the other is to have the ability to see the industry cross-border and development, the third is to dare to lead the industry, and the fourth is the speed of innovation. These four characteristics mean that great entrepreneurs can make great business.

Xiaomi, Dajiang UAV, JD Finance, Didi and other companies are typical representatives of non-linear growth in the new economic era. They have rapidly developed from start-ups into unicorn companies in a short period of time. Unicorn companies have four characteristics: platform, self-growth, cross-border and innovation ecosystem. In February 2016, the Great Wall Enterprise Strategy Research Institute released the “2015 Zhongguancun (000931, stocks) unicorn enterprise list”, the list includes 40 companies such as Xiaomi, Didi, JD Finance, and iQiyi. Covering e-commerce, intelligent hardware, Internet finance, big data, cloud computing and other industries, the number is second only to Silicon Valley in the United States, and Zhongguancun has become the second largest innovation and entrepreneurial highland in the world.

In the arena of the unicorn enterprise, the number one is the United States, there are more than 100, there are 70 in China, and no more than 10 in other countries. This shows that China's "double creation" has achieved world-renowned achievements and achieved overtaking in corners.

The number of Zhongguancun unicorn enterprises has reached the second place in the world, which is a very remarkable achievement. Zhongguancun has gone all out to create an innovative entrepreneurial ecology, develop angel investment, and there have been a large number of gazelle enterprises. Now there are a number of unicorn enterprises. The emergence of such a new economy in a developing country is very remarkable.

In China, not only unicorn companies are exploding, but gazelle companies are also experiencing explosive growth. The explosive growth of the gazelle enterprise refers to the establishment of a business with a revenue of more than 500 million yuan in five years or a business income of more than 1 billion yuan in 10 years. The explosive growth of the gazelle enterprise is no longer a traditional linear growth model, but exhibits exponential explosive growth.

The National High-tech Zone Gazelle Enterprise Development Report 2016, which was just released by the Torch Center of the Ministry of Science and Technology and the Great Wall Enterprise Strategy Research Institute, shows that there are 225 gazelle enterprises that have sales of more than 500 million yuan in 5 years of startup or more than 10 years of sales within 10 years of business. The enterprise of 100 million yuan means that the fastest growing explosive growth in the world has occurred in China.

225 gazelle enterprises and 70 unicorn enterprises, these two figures fully demonstrate that China's new economic development has experienced explosive growth, which is the biggest bright spot in the Chinese economy in the new normal, and also in the context of the new economy. China promotes the most important achievements of “double innovation”.

Platform economy and sharing economy become the new driving force for development

Reporter: You have talked about the platform economy and the sharing economy many times. How do you view this phenomenon?

Wang Delu: The platform economy and the sharing economy are not economic phenomena, but the changes of the times. They are a new stage in the globalization of manufacturing industries towards innovation and globalization. The vertical division of the industrial economy is being replaced by platform sharing that leads the new economy, and the platform economy and the sharing economy are becoming new opportunities for the new economy in the era of globalization.

In the new era, the way the problem is seen has undergone fundamental changes. For example, people who talk about SWOT, that is, "long board, short board, opportunity, threat", are being transformed into OSTW, that is, "opportunity, longboard, threat, short board". Grasping opportunities and developing long-term institutions has become a new economic and new method for every country, every region, and every enterprise. In the new economic era, grasping opportunities has become the most important ability. How to seize opportunities? It is to develop the ability of insight, to be able to see through the changes in the industry, to see through the future of the industry and the future of mankind.

To develop any industry, we must give priority to the platform of this industry. What platform is there to build a new platform. To do the platform is actually to do an ecological economy, that is, to engage in platforms, cross-border, and engage in new formats. In addition, the new platform-based enterprises must not be institutions, but market-based entrepreneurs, service agencies, gazelle enterprises, and unicorn companies.

At present, China is in a critical period of conversion of old and new kinetic energy, and there are still some methods and strengths for local government transformation. For example, the incubator was directly renamed as the creation space, and the investment promotion was changed to the highest precision investment, and the upstream and downstream of the industrial chain were introduced. In fact, under the new economic development model, the idea-driven is very important. It is best to recruit platforms, recruit new formats, and adapt economic development to the requirements of the new economic era.

At present, there are three industries in China that are not only original but also lead the world, that is, e-commerce, social and live broadcast. Entering the eighth year of "Double 11" is not only the most important annual promotion day in China's e-commerce market, but also provides business opportunities for foreign merchants and offline merchants. It has developed into shopping, entertainment and culture. An experiential shopping festival. According to the statistics of third-party organizations, the “double 11” network transaction volume in 2016 has exceeded 180 billion yuan, a new high. According to Alibaba real-time data, as of 0:00 on November 12, 2016 Tmall "Double 11" global carnival ended with a turnover of 120.7 billion yuan.

In addition, such as Didi, has received nearly 8 billion US dollars of financing, becoming the world's second largest online trading platform after Taobao, the world's largest one-stop diversified travel platform. At the end of September 2016, the DDT platform had 20 million orders per day.

In China, there are about 200 online live platforms, and the number of users on these platforms has exceeded 200 million. In 2015, the market size of the live webcast reached more than 9 billion yuan. It is estimated that by 2020, this figure will exceed 60 billion yuan.

Entrepreneurship has become an important criterion for testing the effectiveness of reforms

Reporter: What do you think about the phenomenon of mass entrepreneurship and the enthusiasm for innovation in the country? What kind of opportunities can entrepreneurship bring to China's new economy? At present, the space created by Zhongchuang should be developed in several aspects?

Wang Delu: In the new economic era, the innovation and entrepreneurship ecology is the foundation of a regional new economic development. After the formation of the new economy's innovation and entrepreneurship ecosystem, once the “singularity” of development is crossed, the industry will explode. In recent years, mobile Internet, big data industry, new energy industry, artificial intelligence industry, 3D technology industry, driverless technology industry, life technology and life science industry are all happening and will explode.

Under the new normal, the comparative advantages that the original development model relied on disappeared. To gain the new momentum of development, the key lies in liberalizing market access and fully releasing the people's wisdom and the people. Zhongchuang Space has realized the marketization, specialization, convenience and low cost of entrepreneurial services, and promoted the integration of a new round of science and technology innovation policies and economic policies, which is expected to promote the new demographic dividend brought about by the reform.

It is time to test the effectiveness of the reform policy with entrepreneurship. If the policy is introduced, it will lead to a new entrepreneurial climax. Such reform is correct. Just as at the beginning of reform and opening up, "practice is the only criterion for testing truth." In the new era, entrepreneurship is an important criterion for testing the effectiveness of reforms.

Now China is launching a pilot program for comprehensive innovation reform, and many reform policies have been introduced. Since 2013, the state has intensified the reform of the commercial system. By relaxing the registration conditions for registered capital and simplifying the registration procedures for residences (business premises), the threshold for setting up enterprises has been greatly reduced. The implementation of “one-site multiple photos” and cluster registration has improved entrepreneurship. Space utilization efficiency; through the implementation of "five cards in one", "multi-certification joint", "first license after the card", greatly shortening the time for printing, saving work costs; through the implementation of new business licenses and electronic business licenses, improve The level of informationization, facilitation and standardization of enterprise registration management; through the reform of the annual inspection system, the burden on enterprises has been reduced, and the survival rate of entrepreneurial enterprises has been greatly improved; the establishment of a credit system for market entities has promoted the construction of corporate credit system and optimized Market development environment.

As an important platform and carrier to promote mass entrepreneurship and innovation, Zhongchuang Space has shown an active and active development in all parts of China. It has become the main battleground for the gathering of innovative entrepreneurs and “double innovation” activities. According to incomplete statistics, there are more than 2,300 space creations in the country. Up to now, there have been 1,337 public creation spaces in the Ministry of Science and Technology. In August 2016, the Ministry of Science and Technology announced the first batch of 17 national specialization space creation demonstration lists.

How to further accelerate the development of space creation, it is recommended to focus on the following five aspects: First, to form an entrepreneurial ecosystem centered on the creation of space; second, to enhance the level of entrepreneurial space in entrepreneurial tutors and entrepreneurship education; Zhongchuang Space carries out a large number of frequent open-ended entrepreneurial activities; the fourth is that the creation space needs to link global resources to serve global entrepreneurs; the fifth is to vigorously develop the specialized creative space that serves the real economy.

Inspire new kinetic energy to broaden new economic growth points

Reporter: With the new round of scientific and technological revolution and industrial transformation in the world, the Chinese economy has entered the new normal of “high-speed, excellent structure, new power (310328, fund), and more challenges. What new kinetic energy do you think urgently needs to be stimulated? Let the Chinese economy continue to be active?

Wang Delu: The core of the new economic law is the change of the law of industrial development. It leads the industrial development and industrial clusters from the multinational companies in the past industrial era, and develops into an industrial ecology led by entrepreneurs, gazelle and unicorn enterprises. Under the guidance of “double creation”, the Chinese economy is entering the new economic era. In the new economic era, new kinetic energy comes mainly from the following five aspects: Internet +, smart city, platform sharing, military-civilian integration, and intelligent economy.

Reporter: Since the release of the "Guiding Opinions of the State Council on Actively Promoting the "Internet +" Action", all parties have responded positively. How to understand the important role of "Internet +" in the Chinese economy?

Wang Delu: "Internet +" is a strategic issue with far-reaching value.

First of all, the meaning of "Internet +" is industry originality. The introduction of "Internet +" in 2015 is a deepening of the format innovation, and it is the first original industrial field proposed by China. When the Internet is integrated with China's industrial base, huge market, and huge population, new formats such as e-commerce and socialization will have a good development environment in China, which will lead to a large number of industrial innovations that lead the world.

Secondly, the strategic significance of "Internet +" is overtaking in corners. The rise of the world's economic powers is often accompanied by the strong domestic manufacturing industry. The transformation and development of China's manufacturing industry just happens to meet the big opportunity of the Internet. China must promote industrial innovation with the new "Internet +" format, while countries such as Germany and Japan cannot throw away traditional manufacturing thinking in the new economic environment.

Third, "Internet +" fully reflects the laws of the new economy. The “Internet+” enterprise is exploding, and with the fragmentation of industry entities and the socialization of factors, cross-border, self-growth, platform and ecosystem have become the main organizational methods for industrial development and evolution.

Reporter: The construction of smart cities has been promoted in China for a long time. At present, more than 400 cities and regions have started the construction of smart cities. Why is smart city construction also a new kinetic energy?

Wang Delu: Under the influence of “Internet +”, smart cities have entered a new stage of development. The integration of smart cities and the Internet has accelerated overall, and smart cities have become an important force in accelerating the development of the new economy. In recent years, there have been more and more gazelle and unicorn companies due to the opening of government data. In this context, as a new concept and new model of urban innovation and development, smart city integrates a new generation of information technology into all aspects of urban production, life and management, greatly improving the city's production efficiency, management efficiency and service. The level has become an important strategic choice for cities at all levels to improve the overall competitiveness of cities. Smart cities have become an important area for cities to develop new economies.

Reporter: You have suggested that we should vigorously develop a smart economy, what is a smart economy, and how to develop a smart economy?

Wang Delu: The smart economy is developed under the platform form and the Internet form. Its core value is the cross-border integration of the new generation of information technology and advanced manufacturing, which may produce new formats and original emerging industries. The development of human civilization, the traditional industry is a one-dimensional industry, plus the Internet is a two-dimensional industry, plus the smart economy is a three-dimensional industry. Cloud computing and the Internet must have big data thinking, and find the correlation between data through calculation.

Given China's huge database and the largest mobile phone user base, China's three smart identification technologies are expected to be at the forefront of the world, namely speech recognition, face recognition and image recognition. At the same time, China will also lead the world in intelligent unmanned systems, intelligent service robots, smart wearable devices, virtual reality industries, intelligent innovation design, information security industry, big data and cloud computing, and air and space integrated information networks.

Editor in charge: Tian Wenjie

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