A Measure of China's High-quality Economic Development

-- Research based on Factor Analysis

Abstract

During the "14th Five-Year Plan" period, continuous promotion of high-quality economic development is the core driving force of economic and social development. Taking the five major development concepts as the core, this paper studies the five dimensions of innovation, coordination, green, openness and sharing in 30 provinces in China in 2020, sets up 14 standard layer measurement standards, 21 specific measurement indicators, and comprehensively evaluates the level of high-quality economic development based on the two-stage factor analysis method, and finds that the overall level of high-quality economic development in 30 provinces in China is low, and the comprehensive score of 60% of the provinces is negative. At the same time, the level of high-quality development of China's economy also faces the problem of unbalanced regional development in space, and the development pattern of "high in the east, low in the west, high in the coastal area and low in the inland" in the region. In addition, the development perspectives of each province in China also have different emphases, uneven development, and relevant policy recommendations are drawn for the analysis conclusions.