Xinhua News Agency Economic Essay: Concept One, Xintiandi Wide

Just half a month ago, there was exciting news - in the first nine months of this year, the production and sales of new energy vehicles in China both exceeded 10 million units, becoming another milestone in the development of the industry.

In the past 10 years, the annual sales of new energy vehicles in China have increased by about 171 times. From being plagued by the pain of "chip shortage" to now achieving "breaking free from cocoon and becoming a butterfly", innovation driven acceleration of industrial iteration and upgrading, new energy vehicles have not only become a powerful engine for high-quality development, but also a shining business card for "Made in China" to go global. This magnificent turn vividly explains how the concept change can inject new momentum into the industrial development and open a Xintiandi for the Chinese economy.

The concept of Xintiandi is wide. A car can glimpse the deep evolution of a great country's development philosophy.

Looking back on the past, since the Fifth Plenary Session of the 18th Central Committee of the Communist Party of China proposed the new development concept of innovation, coordination, green, openness, and sharing, a profound transformation that concerns China's overall development has quietly begun and advanced in depth, leading China's economic strength, scientific and technological strength, and comprehensive national strength to continuously leap to new heights, profoundly reflecting the truth power and practical power of scientific thinking.

Opening the report card of the 14th Five Year Plan, under the guidance of the new development concept, the steps forward in practice have become increasingly solid: the global innovation index ranking has entered the top ten for the first time, and major powers have frequently made appearances; The economic volume of the Beijing Tianjin Hebei, Yangtze River Delta, and Guangdong Hong Kong Macao Greater Bay Area accounts for over 40% of the national total; The PM2.5 concentration in prefecture level and above cities across the country continues to decline, and "normal blue" is no longer a luxury; The negative list for foreign investment access continues to be 'slimmed down', and the door to openness is getting wider and wider; Resident income is steadily increasing, and people's sense of gain is tangible

These hard core data and practices have witnessed the leap and transformation of the Chinese economy, and have also led to a growing consensus: only by integrating new development concepts throughout the entire development process and all fields can we solve problems, cultivate advantages, and enable the Chinese economy to achieve a pattern change in a broader temporal and spatial dimension.

Engels once said, "If a nation wants to stand at the peak of science, it can't be without theoretical thinking for a moment." The new concept opens up a new world for development, precisely because it is rooted in practice, scientifically grasps the law of development, dares to break the "ceiling" and "old wall" that hinder development, and constantly improves and develops in the interaction between theoretical innovation and practical innovation.

Ideas are the forerunner of action, and the development of ideas is like traffic lights and a baton, which can ensure that development is not biased or lost.

The just concluded Fourth Plenary Session of the 20th Central Committee of the Communist Party of China passed the "Proposal of the Central Committee of the Communist Party of China on Formulating the 15th Five Year Plan for National Economic and Social Development". In this development blueprint for the next five years, the theme of "promoting high-quality development" has become increasingly prominent, and the requirement of "fully, accurately, and comprehensively implementing the new development concept" has become more prominent.

In the next five years, it will be a crucial step towards consolidating the foundation and making comprehensive efforts to achieve socialist modernization. We must make good use of the new development concept as the "golden key" to overcome difficulties, risks, and challenges.

To make the development momentum more abundant, we must use innovation to drive technological breakthroughs and industrial revitalization, and stimulate new vitality in the transformation of old and new driving forces.

On the road of innovation, if you don't advance, you will fall behind. In the face of increasingly fierce global technological competition, it is necessary to accelerate the strengthening of the shortcomings of original innovation and continue to promote the deep integration of technological innovation and industrial innovation. Promoting the upgrading and upgrading of traditional industries, it is expected to release a market space of about 10 trillion yuan in the next five years; Build emerging pillar industries, proactively layout future industries such as quantum technology, biomanufacturing, and brain computer interfaces, and may create a new high-tech industry scale in the next 10 years. Anchoring the direction of high-end, intelligent, and green energy accumulation and breakthroughs will not only bring about quantitative accumulation, but also help China's economy usher in a qualitative leap.

To make the foundation of development more stable, it is necessary to further smooth the domestic circulation, strengthen internal and external linkage, and open up new space in accelerating the construction of a new development pattern.

The super large scale market is our greatest confidence in coping with the ever-changing situation. In the list of "Top 500 Chinese Enterprises in 2025", the number of companies with revenue exceeding 100 billion yuan has increased from 10 to 267, confirming that "the size of the market is the size of the enterprise". In the future, relying on a super large market with a population of over 1.4 billion, fully tapping into the potential of consumer demand and application scenarios, and shaping new advantages in cooperation and competition through high-level openness, we can solidify our development confidence in "tapping deeper potential" and "climbing higher".

To make the foundation of development for the people thicker and brighter, we must continue to make efforts in solidly promoting common prosperity and define a new development model in promoting comprehensive human development.

The next five years will be an important stage for solidly promoting common prosperity for all the people. Focusing on ensuring and improving people's livelihoods, promoting high-quality and full employment, improving the income distribution system, and promoting equal emphasis on "investing in goods" and "investing in people", we will write a more warm answer to people's livelihoods in deepening joint construction, governance, and sharing.

With a new concept, the world will be broadened.

As evaluated by foreign scholars, China's new development concept is essentially exploring a modern path for human society that balances efficiency and fairness, and emphasizes both growth and sustainability. Focusing on the long-term, adhering to innovative development, coordinated development, green development, open development, and shared development - this profound transformation that concerns China's future and will inspire the world has a broad future and bright prospects.