Since the second half of this year, the "two new and one heavy" investment projects have been accelerated, and export companies have been exploring the Chinese market. Aiming at the huge Chinese market, many companies are actively transforming, and the new picture of high-quality development of enterprises based on the background of China's big cycle is unfolding in various places and fields.

In the Chint Electric Technology Industrial Park in Yueqing, Zhejiang, 8 automated production lines are being built. A spiral tower connects the first-floor injection molding workshop and the second-floor assembly workshop. The circuit breaker shells are continuously transported to the assembly line through the spiral tower. In the past, this link had to be completed by the AGV car.

"Now relying on the industrial Internet, the assembly production line can automatically adjust the production rhythm of the injection molding production line according to demand, truly realize the integrated linkage between production lines, and further improve production efficiency." Gao Jun, equipment director of the production and operation department of Chint Electric, told reporters.

Recently, Shenzhen has studied and issued the "Implementation Opinions of the Shenzhen Municipal People's Government on Accelerating the Construction of New Infrastructure", which will drive the development of new technologies, new formats, new models and new consumption through the construction of new infrastructure, and lay the foundation for the digital transformation of Shenzhen's industries. The reporter learned from the Shenzhen Development and Reform Commission that the first batch of new infrastructure projects in the city totaled 95, with a total investment of 411.9 billion yuan, and it is expected that 100.6 billion yuan of investment will be completed this year.

"The current trend of further recovery and rebound of China's economy is clear, and the rate of recovery depends on the actual effect of policies, especially the policy of expanding domestic demand. Among them, boosting investment is very important." Zhang Liqun, a researcher at the Macroeconomic Research Department of the Development Research Center of the State Council, said.

On the one hand, seizing the opportunity period of new infrastructure construction and new urbanization construction, enterprises are accelerating the layout of transformation and upgrading. On the other hand, traditional export companies are also actively seeking changes to tap the huge potential space in the Chinese market.

The reporter learned from the old import and export company Sumec Co., Ltd. that in the first half of this year, the company's trade volume in China reached 22.1 billion yuan, an increase of 8% year-on-year, and at the same time exceeded the growth rate of the company's imports and exports. "This shows that the Chinese market has huge space." Yang Yongqing, secretary of the Party Committee and chairman of Sumec Co., Ltd., said.

Coincidentally, Guangdong Senbao Cultural Industry Co., Ltd., also a major foreign trade company, also faced significant pressure to decline in export business during the epidemic. After the company transformed into domestic trade with the help of Alibaba's new wholesale platform 1688, its sales in China recovered, and its overall performance increased instead of decreasing, with the monthly sales of building blocks exceeding 10,000 boxes.

Li Danghui, deputy director of the Department of Consumer Promotion of the Ministry of Commerce, said that the conversion of high-quality export products to domestic sales will further enrich the supply of the Chinese market and drive consumption upgrades. At the same time, the universal international rules formed in the international market for a long time will also help improve and enhance China's business environment, help to smooth the "main artery" of circulation, stimulate market vitality and effective demand, and help to fully release the advantages of super-large market scale and domestic demand potential, and ultimately promote the formation of a large circulation with China as the main body, and promote the mutual promotion of China's international dual circulation.

This is just a microcosm of China's strong domestic demand market's support for the economy. In recent years, the contribution rate of domestic demand to China's economic growth has increased year by year. China has a population of 1.4 billion and more than 400 million middle-income groups, and the Chinese market has broad space. At present, firmly implementing the strategy of expanding domestic demand has become an inevitable requirement to further stimulate economic vitality, accumulate development momentum, and hedge against the downward risks of the world economy.

Looking forward to the second half of the year, we will firmly grasp the strategic basis of expanding domestic demand, and a package of policy measures to promote investment and expand consumption will continue to exert force.

The roadmap for promoting the strategy of expanding domestic demand has become clear: Recently, Ning Jizhe, deputy director of the National Development and Reform Commission, said when talking about the implementation of the strategy of expanding domestic demand that we should actively expand consumer demand, implement consumer policies, guide the direction of consumption, improve the consumption environment, and enhance consumption capacity. To effectively expand investment demand, the focus is to make full use of the central budget investment, local government special bonds, and special national debt funds for epidemic prevention, promote the construction of "two new and one heavy", increase efforts to make up for shortcomings in public health and other fields, and accelerate the renovation of old urban communities. Deeply implement major regional strategies and promote the construction of urban agglomerations and urban-rural integration.

Yan Pengcheng, director of the Comprehensive Department of National Economy of the National Development and Reform Commission, said at a press conference recently that China has a strong Chinese market with a population of 1.4 billion. There is a lot of room for traditional consumption such as food, clothing, housing, transportation, cultural tourism, elderly care, and new consumption such as digital network information. We must adapt to, lead, and create new demand with high-quality product and service supply.

"To overcome the impact of the epidemic, expand final consumption, focus on the long-term, actively expand effective investment, and drive investment and consumption demand with new urbanization, this is a major strategic judgment and policy choice made in the process of responding to the impact of the major epidemic this year and comprehensively promoting the recovery and development of China's economy. It has great guiding significance for the next step of work." Zhang Liqun told reporters.

Liu Xiangdong, deputy director of the Economic Research Department of the China International Economic Exchange Center, told reporters that at present, in the context of the overseas epidemic not being effectively controlled, external demand has shrunk due to the impact of the epidemic, and expanding domestic demand is of special significance. "In the medium and long term, firmly grasping the strategic basis of expanding domestic demand is mainly to form an economic cycle with China's big cycle as the main body."

Experts predict that with the in-depth promotion of the strategy of expanding domestic demand and the implementation of relevant policy measures, China's economy will be strongly supported in the second half of the year.

In the view of Chen Lifen, director of the Service Industry Department of the Circulation Industry Promotion Center of the Ministry of Commerce and researcher, giving full play to China's super-large market advantages, taking consumption as the endogenous driving force of economic development, and building an economic system with China's large circulation as the main body are the keys to maintaining steady economic development. At present, the factors supporting the recovery of the consumer market are increasing, and residents' consumer confidence and consumption expectations are recovering. The consumer market in the second half of the year will maintain a stable and positive trend.

Lin Zhiyuan, deputy director of the Macroeconomic Research Center of Xiamen University, told reporters that in the context of greater pressure on external demand, the implementation of the strategy of expanding domestic demand will not only help boost the economy in the second half of the year, but also conform to the direction of high-quality development in the medium and long term. In his view, to expand effective investment, it is necessary to grasp the needs of people's livelihood and the future direction, on the one hand to make up for the current public products and services that are insufficient in the supply of economic and social life, and on the other hand to focus on providing the necessary public infrastructure for the coming Industrial 4.0 era.

"In the next stage, we should take meeting China's needs as the starting point and foothold of development, increase investment around supply-side structural reform, strengthen infrastructure construction such as education, medical care, and community services, give full play to the basic role of consumption and the key role of investment, consolidate the foundation of China's large circulation based on serving the people's livelihood, and form a Chinese international dual circulation pattern led by Chinese consumption." Guan Lixin, deputy director of the Circulation and Consumption Research Institute of the Ministry of Commerce Research Institute, pointed out.

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