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The transformation journey of China's economy over 40 years

The changes of the Spring Festival Gala over the past forty years are the most intuitive reflection of China's economic transformation over the past forty years, clearly outlining the complete trajectory from a shortage economy to high-quality development.

In the 1980s, China was at the initial stage of marketization with material scarcity; goods were in short supply, and having products was king. The barter system of Kangbasi at the Spring Festival Gala reflected the characteristics of an era where light industry was just starting and goods supply was insufficient, with the economic core focused on solving the “existence” issue. #VVV24小时暴涨超55%

The 1990s was the acceleration period of the market economy, where brands and advertising became the core of competition. The sky-high prices of Qin Chi liquor competing for the title and becoming an overnight sensation confirmed the commercial logic that even the best wines fear being hidden in deep alleys. In a market with information asymmetry, exposure and brand power determine market position, while the private economy rose rapidly, and the consumer market became increasingly active. #OpenClaw创始人加入OpenAI

In the 2000s, urbanization and real estate entered a golden era, and Chinese manufacturing experienced an explosive growth. Brands like Midea dominated the Spring Festival Gala's New Year's countdown, relying on the commodification of housing and the dividends of urbanization, home appliances became standard in households. During this stage, investment and exports drove growth, making China the world’s factory with rapid expansion of the manufacturing sector. #PEPE突破下行趋势线

In the 2010s, the mobile internet swept across the country, and the digital economy became a new engine. WeChat red envelopes captured a massive user base during the Spring Festival Gala, and internet giants rushed to seize traffic, with the consensus that whoever gains users gains the world. The demographic dividend shifted to a traffic dividend, with digital consumption and mobile payments reshaping the economic form.

Entering the 2020s, China's economy is shifting towards high-quality development and intelligent innovation. AI, large models, and hard technology have become the core of new productive forces, with technology elements taking center stage at the Spring Festival Gala, and the driving force of economic growth shifting from factor and traffic-driven to technology innovation-driven. #X平台将可交易加密资产 $

Over the past forty years, China's economy has completed the transformation from material scarcity to ample supply, from a manufacturing powerhouse to an innovation powerhouse. Each leap written down is a testament to the era of China’s development.
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