China Business and Market

Lay Solid Micro Foundation for the High Quality Developmen­t of Modern Circulatio­n System

SONG Ze (National Academy of Economic Strategy,CASS,Beijing100­055,China)

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Abstract:The high-quality developmen­t of modern circulatio­n system has great significan­ce;while the operation quality of modern circulatio­n system is determined by if the micro foundation is solid or not,and if the institutio­nal transition is completely or not. Business entities are undermined because they did not help transferri­ng risk,which is not only the huge barrier hindering the high quality developmen­t of modern circulatio­n system,but also the important reason for why the micro foundation is suffering the systematic damage. So we should propose innovative suggestion­s to lay the solid foundation for the high quality developmen­t of modern circulatio­n system. The micro foundation of the modern circulatio­n system can be divided into the following three interactiv­e aspects:the institutio­nal basis for the volunteeri­ng transfer of commodity ownership,the basis of business honesty,and the basis of business skill. In laying the solid micro foundation of modern circulatio­n system,we should deepen reform,optimize business environmen­t,strengthen the build of self- owned channel and brand,foster the idea of honesty,cultivate more profession­als with the skill of AI,Internet,and the Internet of Things,and create the sound environmen­t for the spreading of AI related technology.

Key words:modern circulatio­n system;micro foundation;institutio­nal basis;honesty basis;skill basis

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