Among them, national security and rejuvenating the country through science and education are the new key contents of this report, and“Security” has also become one of the key words mentioned frequently in this report, mainly including food, energy and supply chain security three major areas. In the economic aspect, it mainly emphasizes five aspects, such as economic system, industrial development, domestic and international circulation and equal opportunity of common prosperity. This paper interprets the key information of economic development in the report of the 20th National Congress of the CPC.

The meeting put forward that from now on, the central task of the Communist Party of China is to unite and lead the people of all ethnic groups across the country to build a powerful modern socialist country in an all-round way and achieve the second centennial goal, to push Chinese Dream forward in an all-round way with chinese-style modernisation. Chinese-style modernization is a socialist modernization led by the Communist Party of China. It has the common features of all countries' modernization, but also the Chinese characteristics based on our own national conditions. Chinese-style modernization is a modernization with a huge population, a modernization with common prosperity for all the people, a modernization with material and spiritual civilization in harmony, and a modernization with harmonious coexistence between man and nature, it is modernization that takes the path of peaceful development.

Read the message: in terms of catching-up progress, GDP per capita will Middle Income Trap at around $10,000. The Middle Income Trap is usually due to a lack of change in the mode of economic development, the unsustainability of the old growth drivers, and the inadequacy of the new ones, leading to long-term stagnation and stagnation. After the Second World War, only a handful of smaller economies -- such as Japan, Ireland, Israel, South Korea and Singapore -- managed to cross the Middle Income Trap, most of the country's system through the whole people to achieve industrial upgrading to the high-end, but also a relatively serious gap between the rich and poor phenomenon.

With a 2021 per capita GDP of about $12,600, China is at a crucial stage of Middle Income Trap and upgrading its mid-to high-end industries. The 20th National Congress of the People's Republic of China (NPC-RRB- proposed six highlights for “Chinese-style modernization”, responding to key issuesChinahina's economic and social development and providing theoretical support for our country to leapfrog the Middle Income Trap.

The meeting put forward the following proposals: to coordinate industrial restructuring, pollution control, ecological protection and response to climate change, and to promote carbon reduction, pollution reduction, green expansion and growth in a coordinated manner; to develop green and low-carbon industries and advocate green consumption, we will promote a green and low-carbon mode of production and way of life, step up efforts to prevent and control environmental pollution, continue to defend blue skies, clear water and clean land, work actively and prudently to reach peak carbon and achieve carbon neutrality We will strengthen the clean and efficient use of coal and speed up planning and construction of a new energy system.

Interpretation of the message: this means that environmental protection at the national level is not just an industry, but a basic guarantee for the sustainable development of society as a whole, is a key link in governance, on the same level as culture, People's livelihood and security.

At the industrial level, the environmental protection industry naturally has a political height, has a direct relationship with national governance and social development, and is an industry with a political attribute and a social foundation, this corresponds to the nature of the environmental industry, which mainly serves the government.

A separate chapter on the ecological environment appeared in the NPC report from the 18th, which is the fundamental logic of the rapid development of the environmental protection industry in the past period, and a strong basis for the upward trend in the future. It is said that the environmental protection industry is policy-driven, and the industry has really put on this engine since the 18th party congress. After the 20th party congress, it will drive the industry to develop better and faster.

In the past, although the environmental protection industry has reached a considerable scale in terms of quantity, there is still a lot of room for improvement in quality. There is no quality accumulation in professional technology, and even a benign mechanism has not yet been formed, many environmental protection enterprises are very big, but on the whole is not strong. Therefore, high-quality is the main theme of the new era of domestic economic development, but also the environmental protection industry into the second half of the breakthrough direction.

In addition, carbon neutrality has become a global goal. Our country is committed to the world to strive to achieve peak carbon by 2030 and carbon neutrality by 2060. The report continues to adhere to the“Green Low-carbon, carbon peak carbon neutrality,” the positioning of the new energy sector is expected to continue to maintain the momentum of high prosperity in recent years. While environmental protection and carbon emission reduction put higher demands on heavy chemical industry, it is expected to continue to regulate three high and two low industries (low added value, low technology level, high energy consumption, high pollutant emission and high safety risk) , promote the traditional industry market to accelerate the leading concentration, the traditional sector also exists concentration and the opportunity to improve the bargaining power.

The meeting put forward the following proposals: deepening the implementation of the strategy of rejuvenating the country through science and education, the strategy of strengthening the country through talents, the strategy of innovation-driven development, and opening up new areas and new tracks for development; accelerating the construction of a high-quality education system and developing quality education, we will promote equity in education, improve the system of scientific and technological innovation, insist on the central role of innovation in the overall modernization drive of our country, improve the new nationwide system, and strengthen the state's strategic scientific and technological strength, we will pool our strength to creatively lead the way in tackling key scientific and technological problems and resolutely win the battle to tackle difficulties in key core technologies.

Interpretation of the information: this round of nearly 40 years of globalization, the world has formed a global pattern of“The United States responsible for innovation and consumption, Europe and Japan responsible for high-end manufacturing, China and Southeast Asia responsible for low-end manufacturing, resource countries export resources”. The world is now at the end of the technological innovation dividend, the demographic dividend, and the leverage dividend. The world is facing a major change not seen in a century, and the forces of de-globalization are rising day by day, european and American countries to our country technology blockade intensifies, our country urgent need to solve the key core technology of the choke link problem. Because developed countries have the first-mover advantage in technology and market advantage, it is very difficult for the latter countries to upgrade their industrial chains, for example, Japan and South Korea in East Asia are typical representatives of industrial chain breakthrough through national strength.

The report of the 20th party congress focuses on“Improving the new nationwide system and strengthening the country's strategic scientific and technological strength.” It is expected that our country will increase investment in research and development in advanced fields such as semiconductors, xinchuang, military industry and engines, especially optimistic with the central enterprise or state-owned enterprise nature of the independent and controllable leading companies.

The meeting put forward: take the People's security as the purpose, take the political security as the foundation, take the economic security as the foundation, take the military science and Technology Culture Social Security as the guarantee, take promotes the international security as the basis, to coordinate external and internal security, homeland security and national security, traditional and non-traditional security, self-security and common security, and to coordinate the maintenance and shaping of national security; To ensure the security of the supply chain of food, energy and resources, and important industrial chains, to strengthen the protection of personal information, to accelerate the building of a strong agricultural country, to consolidate the foundation of food security on all fronts, and to firmly uphold the red line of one billion, eight hundred million mu of arable land, make sure the Chinese keep their jobs.

Read the message: the world is facing rising populism, increasing pressure to de-globalize, the conflict between Russia and Ukraine has also increased global political tension, the conference of“Security” reference increased significantly. At present, our country's security problems are mainly embodied in: industrial chain security, information security, energy security, food security, financial security, military security.

The industry chain security needs to solve the key technical issues such as chips, core software and so on. The information security needs to strengthen the protection of personal information and strengthen the substitution of home-made products in the field of software and hardware Energy security needs to reduce external dependence on oil and natural gas and promote the new energy strategy, while food security needs to adhere to the red line of one billion, eight hundred million mu of arable land to solve the problem of high external dependence on seeds, financial security requires maintaining a stable exchange rate, accelerating the Internationalization of the renminbi process and continuing capital market reform Military security needs to continue to strengthen military construction, the 20th party congress“To build a strong strategic deterrent force system,” is expected to usher in the development of defense-related fields.

On the economic front, the report focused on“High-quality development” and predicted that the country would continue to step up industrial upgrading and transformation, with new energy, TMT as the representative of the racetrack sector or re-outperform the value sector.

At the industrial level, the report of the 20th national congress emphasized“Perfecting the new nationwide system and strengthening the national strategic scientific and technological strength”, it is expected that our country will increase R & D investment support in high-precision fields such as semiconductor, xinchuang, military industry and engine, especially those with the nature of state-owned enterprises or state-owned enterprises. In terms of income distribution, the 20th party congress report mentioned“Making solid efforts to promote common prosperity and expand the middle-income group”. It is expected that the follow-up income distribution pattern will focus more on the middle-and low-income groups, and effectively boost aggregate social demand, focus on the consumption sector opportunities related to low-and middle-income earners.

On the security front, there has been a marked increase in references to“Security” at the 20th party congress, it is expected that there will be great opportunities in industry chain security, information security, energy security, food security, financial security, military security and other fields.