During his 2023 inspection tour in northeast China, an important agricultural and traditional industrial base, Chinese President Xi Jinping introduced the concept of \"new quality productive forces.\" This forward-thinking idea is reshaping China's socioeconomic development, driving industrial transformation through scientific and technological innovation, and redefining the nation's growth trajectory.
The emergence of new quality productive forces signifies a departure from traditional economic growth models. Characterized by high-tech, high-efficiency, and high-quality advancements, this concept aligns with the new development philosophy proposed by President Xi. It emphasizes innovation as the leading force in formulating advanced productive capabilities, essential for stimulating new momentum in China's development amid global economic adjustments and industrial upgrades.
The influence of new quality productive forces is evident across various sectors, from academic discussions to policy-making, corporate strategies, and industrial transformation practices. They have become pivotal in breaking the constraints of traditional productive forces and fostering a new development paradigm.
China's commitment to an innovation-driven strategy has led to remarkable progress in becoming an innovative nation. Significant achievements in cutting-edge technologies like artificial intelligence, green energy, and quantum communication showcase the country's growing scientific and technological strength. Combined with a vast market and an improving industrial system, these advancements lay a solid foundation for the development of new quality productive forces.
According to the Global Innovation Index 2023 released by the World Intellectual Property Organization, China continues to be the only middle-income economy among the top 30 innovating countries, ranking 11th. It accounts for three of the world's five major science and technology clusters and is among the economies with the fastest-growing innovative capabilities in the past decade.
However, challenges persist. As globalization intensifies, innovation in science and technology has become the focal point of international competition. The global industrial and supply chain landscape is undergoing unprecedented transformation, making the task of enhancing China's international competitiveness increasingly complex.
To navigate these challenges, China is accelerating the development of new quality productive forces to promote high-quality development. By embracing innovation and leveraging its strengths, China aims to stimulate new growth momentum and secure its position in the evolving global economic landscape.
Reference(s):
cgtn.com
