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How to know and understand the new normal of economic development
The goal of the new normal is to comprehensively improve the quality of economic development. Adapting to the new normal is an important practical problem that China must face and think about after becoming the second largest economy in the world. For a long time, in order to develop the economy, local governments have blindly kept up with the competition, engaged in industry, repeatedly invested in projects, wantonly expanded loans, followed the trend and decided to build new areas, touting the concept of "packaging and playing", which not only caused serious damage to natural conditions, obvious overdraft of resources and continuous deterioration of the ecological environment, but also caused problems such as superficial prosperity of market economy, unsustainable economic development and idle and inflated fiscal revenue. In the face of increasingly fierce economic globalization competition, if we want to always "outshine others" on the world economic stage and lead the performance without being accused of "hitchhiking", we must resolutely not take the old road of pollution first and then governance, nor take the evil road of lighting fires in villages and smoking in households, but take the new road of innovation-driven and transformational development. Carrying out the requirements of the new economic normal and pursuing the goal of the new economic normal will certainly help local governments to liberate themselves from the growth mode of extensive economic, make China's economy shift from unilaterally pursuing the scale and speed of economic development to paying more attention to the quality and efficiency of economic development, realize a virtuous circle of economy and development, and promote the construction of a resource-saving and environment-friendly society.

Behind the new normal is a major change in the concept of ruling thinking. The proposal of the new normal indicates that the baton of performance appraisal, which has long been the leader of GDP growth, will gradually fade out. Of course, the new normal does not mean to sit idly by and ignore the continuous bottoming out of economic development, nor does it mean to be indifferent to economic development, let alone deliberately suppress economic development. In fact, the new economic normal is to get rid of the ideological burden of leading cadres at all levels from the system, mechanism and system, clear the thinking obstacles of leading cadres at all levels, break through the mindset that GDP growth is above everything else and the fiscal budget must be increased year after year, and untie the power constraints of pressing index values and signing military orders at all levels, and do not engage in "one size fits all" and "get it all". Specifically, it is necessary to correctly handle the relationship between reform, development and stability, resolutely avoid bloody GDP, strictly guard against all kinds of serious accidents and mass incidents, and reflect the requirements of striving for progress while maintaining stability. It is to correctly handle the relationship between immediate interests and long-term interests, invisible achievements and explicit achievements, follow the basic laws of economic development, concentrate on laying the foundation and benefiting the long-term, and resolutely not kill the goose that lays golden eggs, which embodies the unity of insisting that the castle peak will not relax and drawing a blueprint to the end. It is to correctly handle the relationship between development subject and development object, condense the greatest common denominator of development, and embody the ruling logic that development is for the people, development depends on the people, and development results are enjoyed by the people. Is to correctly handle the relationship between development strategy and development tactics. While firmly developing the road self-confidence, theoretical self-confidence and institutional self-confidence of the socialist market economy, we should strengthen our sense of hardship and risk, adhere to the problem-oriented and bottom-line thinking, and embody the requirement of "preparing for the worst in everything and striving for the best result".

The core of the new normal is the rational regression of resource allocation. The new normal means that in the new era of comprehensively deepening reform, we should dialectically understand and correctly handle the relationship between government and market, government and society, give full play to the role of "visible hand" and "invisible hand", and ensure that the government will neither let the market go without vacancy, interfere with the market offside, nor disturb the market properly, so as to fulfill the requirement that the market plays a decisive role in resource allocation. At present, the global economy and China's economic development have entered a new stage. Facing the downward pressure of economy and the slowdown of economic growth, governments at all levels should have an inclusive attitude and scientific judgment. The fundamentals of China's economic development have not changed, and the basic advantages of sustained and healthy economic development and social harmony and stability still exist. Governments at all levels should strengthen and improve macro-control, reduce and overcome the path dependence of administrative means, refrain from large-scale government-led stimulus and large-scale regulation, pay attention to the use of economic means and legal means, protect the endogenous power of economic development and the creative vitality of market players to the maximum extent, and promote structural adjustment, industrial transformation and technological innovation. At the same time, we will promote the deep transformation of government functions, perform the necessary regulatory duties, fully release the dividends of economic system reform, make up for market failures, correct market anomalies, purify market order, control market risks, and ensure the healthy and orderly development of the socialist market economy.