How does lagging economic development restrict industrial transformation and upgrading?
It's no use just shouting slogans to stimulate domestic demand. The key to solving the shortage of domestic demand lies in solving the worries of residents. Without the worries of residents, the consumption power will naturally be released. In order to promote economic development, it is necessary to transform farmers into urban residents. Without land, the demand and dependence on the market will increase, which will promote economic development. The transformation and upgrading of industrial structure should be gradually realized. With a large population in China today, labor-intensive industries cannot be completely abandoned and can only be replaced by service-intensive industries. Service-oriented society needs high education, high income and high quality as the cornerstone, otherwise there will be no service. Replacing labor-intensive with technology-intensive is not in line with today's national conditions and needs to be gradually realized.