Yuan Hongying: Adhere to the Important Principle of Combining Effective Markets with Proactive Governments and Quicken the Construction of a Modern Industrial System
Researcher Yuan Hongying, Party Committee Secretary of the Shandong Academy of Social Sciences, points out that the "15th Five-Year Plan" period [1] represents a critical stage for China in constructing a modernized industrial system. Faced with challenges such as the restructuring of global value chains and the inefficient allocation of domestic factors of production, it is necessary to inject institutional momentum through the benign interaction between an effective market and a promising government. The core role of this interaction is manifested in four aspects:
First, clearing market "bottlenecks" to enhance the efficiency of resource allocation. The market suffers from failures such as information asymmetry; therefore, the government—under the premise of being "promising without overstepping its bounds" [2]—must guarantee the healthy and orderly operation of the market by regulating unfair competition, refining the market system, and utilizing economic instruments such as taxes and subsidies. This ensures the market can fully play its decisive role in resource allocation.
Second, bridging the "rupture points" between the innovation chain and the industrial chain to activate endogenous momentum. To address the "two skins" [3] problem, where there is "heat at the scientific research end but cold at the industrial end," we must move beyond singular thinking. This involves using government strategic guidance to set the direction, institutional optimization to create an ecosystem, and organizational coordination to aggregate forces. Simultaneously, the market must be used to explore pathways via demand orientation, while enterprises, as the primary actors, link production with academia and research, and competitive pressure promotes the transformation of achievements. Together, these form a closed loop to achieve "seamless docking" along the chain.
Third, resolving regional "problems" to promote industrial synergy and linkage. To break through issues such as insufficient regional industrial coordination and redundant construction [4], the government must use top-level design to tear down local barriers, while the market coordinates resources on the basis of smoothing the flow of factors. This creates a regional layout for a modernized industrial system characterized by complementary advantages and differentiated development.
Fourth, maintaining the "equilibrium point" between security and openness to enhance industrial resilience. In seeking a balance between self-control in key fields and the global division of labor, the government must build a "moat" for industrial security and expand institutional opening up [5]. Meanwhile, the market should enhance vitality through the international allocation of resources. Together, these two forces ensure that while the industry integrates into the global division of labor, it also possesses strategic depth and safety buffers.