The real economy refers to the total value of goods produced by a country. It is an economy created on earth by people using tools through their minds. It includes economic activities such as the production and circulation of material and spiritual goods and services.
1. China’s real economy is different from the real economy under Western accounting common sense. From the perspective of the division of the three industries, in theory, the boundaries between the primary, secondary and tertiary industries are clear; in fact, under the reform of state-owned enterprises and rural reform, China’s primary, secondary and tertiary industries have developed across borders, with mixed industries and business formats. Diverse, the boundaries are blurring. In particular, the tertiary industry has never reached maturity.
2. The real economy refers to the economic activities engaged in the production and operation of material resources. The real economy is undoubtedly the real economy first, but it seems not limited to the real economy. Some economic activities that serve the real economy, such as product and technology research and development, marketing, after-sales service, employee training, etc., also seem to be included in real economic activities.
3. As far as the real economy is concerned, its intrinsic attributes should refer to economic activities that meet people’s material needs and provide material information guarantees for people’s clothing, food, housing and transportation. According to the historical materialist view that material existence determines social consciousness, real economic activity is more important than any other economic activity.
