ABSTRACT
Two theoretical traditions have influenced and continue to influence agricultural policy and practice in China. In the situation of China’s economic development entering the new normal, it is not only urgent to transform the mode of economic development at the macro level; the transformation of the mode of development of enterprises at the micro level has also become an urgent task. In the situation of China’s economic development entering the new normal, it is not only urgent to transform the mode of economic development at the macro level; the transformation of the mode of development of enterprises at the micro level has also become an urgent task. Economists have worked tirelessly to develop theoretical frameworks to unravel the mysteries of economic growth. Economists have also tried to answer Needham’s grand question through more rigorous theoretical logic. The usefulness of economic theory is its explanatory power, and the core is its logical consistency.
