Seriously Study the Strategy of our Economic Development from a Historical Viewpoint

The so-called strategy of economic development is a proposition concerning the long-range goals of economic development and the means to realize these goals. To formulate the strategy correctly and to carry it out, we have to summarize seriously the historical experience; at the same time, we have to study and draw upon certain experiences from foreign countries. Based on concrete conditions in China, we should manage correctly the interrelations among economic efficiency, rate of growth, economic structure, the relationship between various sectors in the national economy, and the relationship between accumulation and consumption. In pursuing economic construction and to avoid errors, we have to establish the concept of "attrition" and the idea of "putschism." We should also learn from historical experience how to incorporate economic, social, and technological developments into a well-integrated strategy so that everything is in harmony and in coordination, thus forming a great joining force that promotes a healthy development of our national economy.