Focusing on Rural Reform, Breaking Demand Bottlenecks
Our economy is now facing downward pressure, more difficulties in business production and operation and the emergence of economic risks. Further, inadequate demand represents a major contradiction in the economy. We must focus on dealing with this problem by adopting major reform measures. The fundamental way to tackle this issue is to refocus on rural reform, substantially adjust the relations between urban and rural areas and unleash the huge potential of rural demand and urban-rural integration. If within 10 to 15 years, agricultural labor productivity can be increased to the levels of average social labor productivity, the income of farmers can rise parallel to that of urban citizens and the development gap between urban and rural areas can be basically eliminated. Moreover, we can not only sustain 7.5-plus percent economic growth rate until 2030, but also showcase the superiority of the socialist system with Chinese characteristics.