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Home > Publications > Expert Opinion
Li Shandong
Aug 20, 2017
1. Changes in the economic structure:
 
1. From 2007 to 2012, there was a turning point in the economic structure
 
(1) The proportion of the service sector has risen, and it has become the largest sector
 
(2) The proportion of the added value of the agricultural sector and the industrial sector decreased, and the GDP structure changed
 
2. Several characteristics of economic structural changes:
 
(1) There is an obvious trend of transformation and upgrading within the manufacturing industry
 
Structural changes in the manufacturing industry—the proportion of medium and high-tech manufacturing industries has increased
 
Changes in leading industries—transition from labor-intensive manufacturing to technology-intensive manufacturing
 
Upgrading of trade structure - the proportion of imports and exports of capital and technology-intensive manufacturing sectors has increased
 
Moving up the global value chain
 
(2) The service industry, especially the producer service industry, has developed rapidly
 
The proportion of the service industry in GDP has risen, and it has become the largest sector
 
The proportion of service industry exports increased
 
The proportion of the producer service industry in GDP has risen rapidly, rising by 10.16 percentage points from 1987 to 2007 and 5.62 percentage points from 2007 to 2012
 
2. Economic growth:
 
(1) New changes in global economic growth in recent years
 
The global economy has been sluggish since the global financial crisis, except for a brief recovery following a massive stimulus. International institutions have lowered their forecasts for global economic growth for six consecutive years.
 
Many analyses of the continued downturn in the global economy have found a very important phenomenon: the TFP growth rate of the world, especially developed countries, is in the same downward trend as the global economic growth rate, and this decline will occur earlier.
 
From a global perspective, the change in TFP is very consistent with the trend of economic growth.
 
3. Carbon emissions
 
From 2007 to 2012, the changes in China's economic structure (including production structure and product composition) and the slowdown of economic growth inhibited the growth of carbon emissions. Coupled with the continuous improvement of carbon emission intensity, the growth o carbon dioxide emissions significantly slowed down.