To fully understand and grasp the new normal, it is necessary to examine China's development from the perspective of time and space. From the perspective of the long process of history, the new state, new pattern and new stage in the process of China's economic development are always taking shape, and the new normal of economic development is a stage of this long process, which is completely in line with the law of the spiral of the development of things.

From the perspective of time, the new normal is the result of the replacement and change of different stages of development in China. After the 18th National Congress of the Communist Party of China, China's economic development is in the period of shifting the growth rate, the painful period of structural adjustment and the digestion period of the stimulus policy in the early stage

In the "three-phase superposition" stage, facing the shift node of economic development speed, just like a person grows rapidly between the ages of 10 and 18, and the speed of growing taller slows down after the age of 18; Facing the node of economic development structure adjustment, the overcapacity of low-end industries should be digested intensively, and the development of high-end industries should be accelerated. Faced with the transformation of economic development momentum, the driving force of low-cost resources and factor input has weakened significantly, and economic growth needs more driving force innovation.

From a spatial point of view, China's export advantages and participation in the international industrial division of labor are facing new challenges, and the new normal of economic development is the embodiment of this change.

Judging from the practice of some major world trading countries, when the proportion of goods exports in the world's total reaches about 10 percent, there will be an inflection point, and the growth rate will slow down.

China's exports of goods accounted for more than 10% of the world's total in 2010 and 12.3% in 2014.

This means that the inflection point of China's export growth has arrived, and it is impossible to maintain high export growth and a high proportion of exports in GDP in the future.

This requires that the driving force of economic growth must be more driven by innovation and the expansion of domestic demand, especially consumer demand.

From the comprehensive perspective of time and space, new changes have taken place in the environment, conditions, tasks and requirements of China's development, and economic development has entered a new normal.

Under the new normal, the main characteristics of China's economic development are: the growth rate should shift from high-speed growth to medium and high-speed, the development mode should shift from scale and speed to quality and efficiency, the adjustment of economic structure should shift from incremental capacity expansion to adjusting stock and optimizing increments, and the development momentum should shift from mainly relying on resources and low-cost labor and other factor inputs to innovation-driven.

Under the new normal of economic development, although the economy is facing greater downward pressure, the fundamentals of long-term economic development have not changed, the basic characteristics of good economic resilience, full potential and large room for maneuver have not changed, the good supporting foundation and conditions for sustained economic growth have not changed, and the forward trend of economic restructuring and optimization has not changed

"Shift gears without losing momentum". It is necessary to grasp these general trends, completely abandon the idea of using the old logic of thinking, methods, and methods to seek higher growth again, and conscientiously unify our thinking and action with the major judgments and policy decisions of the party Central Committee.

We must always adhere to economic construction as the center, seek innovation in change, progress in innovation, and breakthrough in progress, and promote the high-quality development of China's economy.