Journal of East China Normal University (Philosoph ›› 2017, Vol. 49 ›› Issue (5): 19-25.doi: 10.16382/j.cnki.1000-5579.2017.05.003

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The Economic New Normal and the Great Logic of Development:Intellectual Origins and Economic Innovations

QUAN Heng   

  • Online:2017-09-15 Published:2017-09-28

Abstract:

The Economic New Normal,as an important claim in XI Jin-ping's economic theory,formulates the great logic for China's economic development in the future.It demonstrates the profound change in the international environment of China's economy on the one hand and its current feature and strategetic choice on the other.In the New Normal,China's economy will keep the middle and high speed in development and transform the developing momentums so as to successfully surpass the "middle-income trap" stage and forge ahead towards a high-income economy.The Economic New Normal,as well as its new surpassing mode of development,is beyond the traditional linear mode of economic development,indicating the dualism of overall surpassing and structural excellence of a post-surpassing economy and the feature of quadratic surpassing.With its innovation,the Economic New Normal has great theoretical and practical significance for economic development,especially that of surpassing mode.

Key words: Economic New Normal, great logic of development, new surpassing type of development, innovation in development theories