Analysis of Business Economic Innovation in the Context of the New Economic Normal

Abstract

In recent years, China has made significant strides in economic development, with the national economy steadily improving, propelling the country into a new phase of economic growth. The new economic normal presents entirely new requirements for the development of China's business economy. Observing the traditional business economic model, it is evident that there are issues such as outdated operational models, high operating costs, and a lack of innovation in development. In response, the new economic normal has been positioned as the target for innovation in business economic development, gradually shaping an enhanced system of economic development, both in content and form. Therefore, in future practice, strategies for innovative development of the business economy should be analyzed and explored from multiple perspectives to enable it to fully function as a bridge within the economic market, thus better promoting China's overall economic construction.