Revitalizing China’s Growth: New Productive Forces Lead the Way

Development is the ever-evolving theme of human society, and in China, reform has been the driving engine propelling this progress. Since embarking on its journey of reform and opening-up, China has continuously liberated and advanced its productive forces, achieving the remarkable milestone of Chinese modernization. The allure and inspiration of this modernization lie in its unique path, aligning with contemporary laws and the demands of social productivity development.

As a latecomer to industrialization, China once trailed behind Western nations in information technology. Take Huawei, for instance. Established in 1987 as a modest enterprise with a handful of employees and limited capital, Huawei primarily engaged in trading telecom equipment. Today, it has transformed into a global leader in information and communication technology infrastructure and smart devices, employing over 207,000 people across more than 170 countries and regions, and serving over 3 billion people worldwide. This transformation is a testament to China’s burgeoning productive forces and mirrors the explosive growth of Chinese productivity.

Huawei’s dedication to original innovation exemplifies China’s commitment to leading high-quality economic development through new productive forces. Advancing Chinese modernization necessitates the cultivation of these new forces. Throughout history, every surge in global economic growth has been driven by new productive forces—be it steam power, electricity, or nuclear energy. Today, technological breakthroughs in areas such as the Industrial Internet, platform economics, big data, and artificial intelligence are giving rise to new industries and, consequently, new productive forces.

Chinese President Xi Jinping has emphasized that in the face of fierce global competition, China must “open up new areas and new tracks in development and foster new growth drivers and new strengths.” By accelerating the formation and development of new productive forces, China aims to achieve higher-level and broader-scale scientific and technological self-reliance and self-strengthening. This is the path for China to seize the initiative in its development and lead the new round of global technological and industrial revolution.

As China continues to advance its modernization, the focus on developing new productive forces not only fuels domestic growth but also contributes to the global economy. The nation’s commitment to innovation and development promises a brighter future, not just for China, but for the world at large.

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