The Influence and Model Analysis of China’s Strategic Emerging Industries on CPI and PPI ---- Empirical Analysis based on Chinese Data from January 2021 to August 2024

DOI

10.2991/978-94-6463-638-3_42How to use a DOI?

Keywords

Strategic emerging industries; The energy industry; Impact analysis

Abstract

Strategic emerging industries are the new pillar and new track leading China's future development, and are the main fields to cultivate and develop new quality productivity. The consumer Price index (CPI) and the producer price index (PPI) are important economic indicators. This paper selects Zhanxin industry, CPI and PPI data released by authoritative channels in China from January 2021 to August 2024 for analysis. Innovatively, 20 industries in new industries were compared with CPI and PPI data to carry out trend, principal component and correlation empirical analysis, conduct stationary root analysis, and establish Almon prediction model, which is cutting-edge, targeted and practical. The study found that Zhanxin industry has a high correlation with CPI and PPI data, and most of the data have a positive interaction relationship, and a few have a negative impact relationship. The research specifically proposed that the development of new industries should do a good job in the investment and guarantee of electricity consumption in the secondary industry and residential electricity consumption, strengthen the supply and price guarantee of liquefied natural gas and natural gas, highlight the development of non-fuel oil products, pay attention to the security of raw coal and coal-bed methane, promote the green and low-carbon energy transformation, and improve the security guarantee ability of the industrial chain and supply chain. The study is of great significance to the implementation of the Third Plenary Session of the 20th Central Committee to improve the strategic industry development policy and governance system, and to cultivate and develop new quality productivity.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Qianyu Li
PY  - 2024
DA  - 2024/12/30
TI  - The Influence and Model Analysis of China’s Strategic Emerging Industries on CPI and PPI ---- Empirical Analysis based on Chinese Data from January 2021 to August 2024
BT  - Proceedings of the 5th International Conference on Economic Management and Big Data Application (ICEMBDA 2024)
PB  - Atlantis Press
SP  - 402
EP  - 432
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-638-3_42
DO  - 10.2991/978-94-6463-638-3_42
ID  - Li2024
ER  -