We need to overcome the misconception of the first release economy, which is not just about discussing products or consumption, nor is it simply about the first release of a product. The first round economy is an important force in promoting consumption expansion and quality improvement, industrial upgrading, and stimulating market vitality, injecting new strong impetus into the high-quality development of the Chinese economy. The first economy, driven by its unique innovation and resource allocation, will quickly become an important representative of new quality productivity. Tesla's debut economy, which stimulates the vitality of the industrial chain through original innovation, shines brightly in the field of debut economy through original innovation. Tesla is committed to the research and development of electric vehicle technology and autonomous driving technology. Its electric vehicles have overturned the concept of traditional fuel vehicles with advanced battery technology, efficient electric drive systems, and intelligent autonomous driving functions. Tesla's battery technology is constantly innovating, and the range is constantly improving, solving consumers' concerns about the range of electric vehicles. Meanwhile, its autonomous driving technology is constantly developing and improving, providing new modes and possibilities for future transportation. Every new product launch by Tesla attracts global attention and drives the development of the entire electric vehicle industry. Many traditional car manufacturers have increased their research and development investment in the field of electric vehicles, accelerating the transformation of the automotive industry towards new energy. This primitive innovation not only changes the competitive landscape of the automotive industry, but also drives the development of related industries such as batteries, charging facilities, and intelligent driving technology, creating new market demand and employment opportunities. Another example is the ByteDance, which enables enterprises to launch through original innovation. The Tiktok platform under ByteDance has created a new mode of short video social networking through innovative algorithm recommendation technology. The Tiktok algorithm can accurately analyze users' interests, habits, etc., recommend personalized video content for users, and greatly improve the user experience. This innovative model has attracted billions of users worldwide, changing the way people access information and social entertainment. It has not only sparked a new wave in the field of social media, but also provided a platform for many creators to showcase their talents, giving rise to new professions and business models, such as live streaming sales and short video marketing. Many enterprises launched their products and promoted their brands with the help of the Tiktok platform, which has achieved remarkable results and driven the development of related industries. The original innovation in the initial economy can break the traditional market pattern, create new market demand, and lead the new direction of industry development. By launching the economy, enterprises can quickly push their original innovative achievements to the market, not only gaining a first mover advantage, but also stimulating the innovation vitality of the entire industry chain, driving the coordinated development of related industries, and injecting a continuous stream of power into economic growth. For enterprises, in order to achieve original innovation in the initial economy, they need to increase research and development investment, cultivate innovative talents, pay attention to market trends and changes in consumer demand, and be brave enough to try new technologies and business models. The government should also introduce relevant policies to encourage enterprises to engage in original innovation and provide a good innovation environment and support for enterprises. The initial economy can drive the continuous optimization of the allocation of all production factors. The reason why the initial economy can promote the optimal allocation of all production factors is that China has institutional advantages, which not only enable domestic markets such as the Shanghai Free Trade Zone, the Guangdong Hong Kong Macao Greater Bay Area, and the Yangtze River Economic Belt to achieve the optimal allocation of all production factors, but also enable all production factors to run, rotate, and move to find the best allocation, and enable global production factors to continuously optimize their allocation, making some regions of China become the "big docks" of the world. Taking the Shanghai Free Trade Zone as an example, under the promotion of policies such as trade facilitation and investment liberalization, it has attracted a large number of domestic and foreign enterprises to settle in, and many enterprises have launched new products and expanded new businesses here. At the same time, talent, technology, information and other factors are also fully flowing in the Shanghai Free Trade Zone, with frequent technical exchanges and cooperation between enterprises, and a high degree of information sharing, enabling the initial economy to timely obtain cutting-edge technology and market dynamics, and continuously optimize products and services. New quality productivity aims to achieve optimal allocation of all production factors, resulting in low input, high output, and optimal efficiency. Taking Tesla's Shanghai Gigafactory as an example, from the perspective of land resources, Shanghai provides suitable land for its factory construction and provides certain support in land use policies to ensure the smooth construction of the factory. In terms of capital, Tesla has received investment from multiple channels at home and abroad for the construction of factories, the purchase of production equipment, and technology research and development. In terms of human resources, Tesla has attracted a large number of professionals in the automotive industry, including engineers, technical workers, etc. These talents provide guarantees for Tesla's efficient production and technological innovation. In terms of technological elements, Tesla brings its advanced electric vehicle technology and autonomous driving technology to its Shanghai factory, while collaborating with domestic suppliers and research institutions to further optimize and innovate the technology. In the supply chain, Tesla has driven the development of numerous domestic component suppliers, who produce and innovate around Tesla's needs, forming efficient industrial synergy. Through the optimized allocation of these production factors, Tesla's Shanghai Gigafactory has achieved efficient production, with continuously increasing output and leading product quality in the industry. The economic benefits are significant, and it has also driven the development of the entire new energy vehicle industry chain. This is a typical case of promoting the optimization of the allocation of all production factors and assisting the development of new quality productive forces through the initial economic promotion. The initial economy has achieved efficient utilization of resources and maximization of economic benefits through the optimized allocation of factors such as land and capital. Enterprises should study how to allocate these production factors well and fully play their important role when developing the first economy. For state-owned enterprises, they should leverage their advantages in resource integration, policy support, and other aspects. In terms of acquiring land elements, we actively respond to the national regional development strategy, such as participating in the development and construction of key areas such as Xiong'an New Area, utilizing policy advantages to obtain high-quality land resources, building the first economic innovation platform, and providing site support for the launch of new products and technologies. In terms of capital operation, central state-owned enterprises can leverage their credit advantages to attract a large amount of social capital to participate in initial public offerings. At the same time, by establishing industrial investment funds and other means, they can guide capital flow to initial public offerings with development potential, such as strategic emerging industries. In terms of technological innovation, central state-owned enterprises can increase research and development investment, utilize their own scientific research capabilities to cooperate with universities and research institutions, promote breakthroughs in key technologies, and apply these technologies to their first products. For example, central enterprises in the field of communication can leverage their resource advantages to take the lead in launching the first application of 5G-A technology in Xiong'an New Area. While promoting local digital construction, they can also drive the development of related industries, achieve optimized allocation and efficient utilization of multiple production factors. Private enterprises need to rely on flexible market mechanisms and innovative vitality to allocate production factors. In terms of land use, diversified methods such as leasing and cooperation can be used to obtain land resources, such as collaborating with local governments to build characteristic industrial parks for the research and production of initial products. In terms of capital, private enterprises actively expand their financing channels. In addition to traditional bank loans, they can also raise funds through introducing venture capital, listing financing, and other methods to provide financial support for initial public offerings. In terms of human resources, private enterprises can attract talents, especially innovative and market-oriented talents, through flexible salary systems and good development prospects. For example, some Internet enterprises attract a large number of outstanding talents by providing competitive salaries and broad development space, contribute to enterprise product innovation and market promotion, and promote the successful implementation of enterprises' first economic projects. Local governments play a key guiding role in promoting the initial economic development. In terms of land elements, support can be provided for initial economic projects, such as reserving dedicated industrial land for initial projects in emerging industries. In terms of capital guidance, a special development fund can be established to provide financial support for initial projects that comply with local industrial development plans. At the same time, a bank enterprise docking platform can be established to help enterprises obtain financial support. In terms of talent policy, preferential policies for talent introduction have been introduced, such as providing housing subsidies, to attract high-end talents and innovative teams to settle in the local area, providing talent guarantee for the first round economy. In addition, local governments can create favorable conditions for the flow of production factors and promote the development of the primary economy by strengthening infrastructure construction, improving transportation, communication and other infrastructure. The first economy will play a key role in promoting the high-quality development of the Chinese economy in the future. As an important representative of new quality productive forces, the first economy will play a crucial role in promoting the high-quality development of the Chinese economy. The initial economy is not only a bridge connecting innovation and the market, but also an important force in promoting industrial upgrading and consumer change. With the continuous advancement of technology and the continuous optimization of the market environment, the first launch economy is expected to achieve innovative breakthroughs in more fields, winning greater advantages for the Chinese economy in global competition and helping it steadily move towards higher quality and more dynamic direction. For a long time, the Chinese economy has been steadily improving, and I believe that the current trade war initiated by the United States will inevitably fail. Looking into the future, with the overall advancement of Chinese path to modernization and the deepening of the dual cycle pattern, China's economy will show stronger resilience and more solid foundation, and China will also become the first choice of the global economy. (Xinhua News Agency) Author: Wei Jianguo (Vice Chairman of China International Economic Exchange Center and former Deputy Minister of Commerce)