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2021

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Annual Report on China's Economic Growth (2020-2021)

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By:Ziran Zhang, Ping Zhang, Xiahui Liu, Fuhua Yuan, et al.

Publisher:Social Sciences Academic Press

ISBN:978-7-5201-9076-3

Publication Date:2021-10-11

Language:Chinese

Paper book:US $
Ebook:US $
Paper Book& Ebook:US $
1909 1000

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Since the second half of 2020,the global economy has continued to recover on the whole. However,due to the huge differences in epidemic prevention and control,policy space and so on,the recovery degree of various economies shows a trend of differentiation. Among the developed economies,the recovery in the United States is better than that in Japan and the European Union;However,the recovery process of some emerging economies with repeated outbreaks has slowed down. With the steady recovery of China’s economy and sustained development,the endogenous power of economic growth may be the key factor to determine the speed of economic recovery under the condition that various policies gradually return to normal. The promotion of endogenous power needs to pay attention to three aspects:the simultaneous promotion of quality and efficiency;Industrial optimization and digital transformation;Domestic demand leading and demand side management. In particular,under the new global economic pattern,achieving the goal of “double carbon” is the core of the success of endogenous power promotion,and the key lies in the growth rate of carbon emissions,which is mainly affected by economic growth and carbon emission intensity. In order to achieve the goal of increasing the annual decline rate of carbon emissions per unit of GDP above the GDP growth rate before 2030,it means that the decline rate of carbon emission intensity needs to be increased year by year under the condition of the set economic growth target. The ways to reduce carbon emissions include reducing green premium and green low-carbon transformation. Reducing green premium means strengthening green infrastructure construction,it can be implemented in levying carbon tax and implement carbon emission quota from production and reducing the cost of choosing green production and lifestyle from consumption. Green and low-carbon transformation needs to take into account the changes of interest pattern among regions,industries and personnels.