In the era of globalization and innovation, the emergence of new quality productive forces is becoming the primary driver of China’s economic transformation and societal advancement.
China has achieved significant progress in many emerging industrial sectors. According to data from the Ministry of Industry and Information Technology, the added value of China’s strategic emerging industries exceeded 13% of GDP in 2022, with its contribution to GDP steadily increasing.
One remarkable example is the rapid ascent of the new energy vehicle (NEV) sector. This industry has experienced phenomenal growth within China. Research indicates that China’s annual production of NEVs reached nearly nine million units in 2023, accounting for approximately two out of every three NEVs produced worldwide.
This surge in NEV production not only underscores China’s commitment to green energy and sustainable development but also highlights the nation’s ability to lead in cutting-edge industries. The rise of NEVs is propelled by supportive government policies, technological innovation, and increasing domestic demand for environmentally friendly transportation.
As these new quality productive forces continue to evolve, they provide renewed impetus for China’s economy, positioning the country at the forefront of global industrial transformation. The growth in sectors like NEVs demonstrates China’s potential to shape the future of global markets and contribute to sustainable development.
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New quality productive forces provide renewed impetus for China
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