At the national level, when people conduct affairs, they will first consider the overall situation. Only under the background of the general trend can it be possible to obtain a higher development space and a larger stage. China's economic development has gradually changed from a high growth rate in the past few decades to a slowdown in recent years, but at the same time, China is moving towards a higher quality and more sustainable direction.
The past "troika" theory, that is, investment, consumption, and export, is the traditional driving force of economic growth, which has encountered problems in some aspects. The government debt and corporate debt ratio brought about by investment are both high, which may bring certain risks. Consumption upgrading has become a social trend, but the growth rate of low consumption desire and low consumption demand may affect the sustainable development of the economy. In addition, the growth rate of exports is also declining. If European and American countries "decouple" from China, it will definitely have a negative impact. Therefore, it is necessary to explore new drivers of economic growth in the new era in order to achieve high-quality development and sustainable growth.
From the perspective of the supply side, China's current demographic dividend is already relatively weak, and the reduction in the number of labor forces has led to an increase in labor costs for enterprises. At the same time, the rate of return on capital investment is also declining. At present, the only breakthrough to ensure the steady growth of China's GDP is "efficiency". With the demographic dividend gradually disappearing and labor costs rising, improving production efficiency is the key for enterprises to maintain their competitiveness. By improving the production process, improving the technical level and management level, enterprises can reduce costs, improve product quality and production efficiency, thereby gaining a greater competitive advantage in the market. Enterprises need to actively explore ways of innovation and management improvement, and the government also needs to introduce corresponding policies and measures to promote sustainable economic development and steady economic growth.
From the perspective of social contradictions, we have cultivated people’s higher requirements for quality of life in the field of consumer Internet, but the upstream supply side has only adopted some point-shaped technologies and carried out partial optimization in the past 100 years, and no essential changes have taken place. A large number of traditional industries may still have problems such as value chain redundancy and inefficiency. This phenomenon can lead to mismatches and contradictions between consumer demand and supply-side production. Consumers' requirements for quality of life are constantly improving, but the production on the supply side has not kept up with the changes in demand, resulting in an imbalance between supply and demand. At the same time, problems such as value chain redundancy and inefficiency will also lead to waste of resources and low production efficiency, which are not conducive to sustainable economic development.
In order to solve these problems, it is necessary to promote industrial upgrading and transformation from the perspective of the supply side. This includes measures such as introducing advanced technologies, optimizing production processes, and improving management efficiency to reduce value chain redundancy and improve production efficiency and quality. At the same time, it is also necessary for the government to issue relevant policies to support the upgrading and transformation of traditional industries in order to adapt to changes in consumer demand and achieve sustainable economic development. To solve such a social contradiction, the only way out is the industrial Internet.