Multi-objective Coordination Control of the New Normal Economy of China

Abstract

Abstract:

The multi-objective coordination of China's economy under the New Normal condition is important to economic stability. Based on the economic cybernetics, this paper studies the interaction and coupling relationship among the multiple objects of China's economy under the New Normal condition. We employ the Simulink to establish a simulation model, and then adjust the key variables to structure the feedback model. Results demonstrate that the coordinated development paths of the multiple objects of the New Normal economy not only lie in the reduction of the range of benchmark rate, but also in connection with indirect financing scale, investment in fixed assets, R&D expenditure and financial employment expenditure. In order to improve the quality of economic growth, the government should increase investment expenditure, technology spending and employment subsidy constantly. At the same time, the amount of industrial waste gas emissions and industrial waste water emissions should be controlled within a certain range. This paper not only provides theoretical support for the implementation of economic policies, but also provides coordinated control strategies for economic development of the current new normal stage.

Key words: the New Normal of China's economy, multi-objective, economic cybernetics, Simulink simulation, coordinated development

Liu Chao, Xie Jing, Liu Chenqi, Ma Yujie, Wang Chao. Multi-objective Coordination Control of the New Normal Economy of China[J]. , 2019, 31(3): 241-257.

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