Amid global economic adjustments and domestic industrial transformation, China is steering towards a new development paradigm through the introduction of 'new quality productive forces.' First emphasized by Chinese President Xi Jinping during his 2023 inspection tour in northeast China—a key agricultural and industrial hub—this concept signals a significant shift in the nation's approach to economic growth.
Breaking away from traditional models, these new productive forces prioritize innovation as the cornerstone of development. Characterized by high-tech advancements, efficiency, and quality, they align with the country's commitment to high-quality development. On January 31, 2024, President Xi reiterated the urgency of accelerating these forces to propel the nation's progress.
The influence of new quality productive forces is evident across various sectors—from academic discourse and policy formulation to corporate strategies and industrial practices. They represent an advanced type of productive force, reshaping socioeconomic development by fostering high-tech industries and promoting sustainable practices.
Since the implementation of this concept, China has witnessed a boom in scientific and technological innovation. Breakthroughs in areas such as artificial intelligence, green energy, and quantum communication underscore the nation's growing prowess. The combination of robust scientific capabilities, a vast market, and an evolving industrial system provides a solid foundation for these new forces.
The Global Innovation Index 2024, published by the World Intellectual Property Organization, highlights China's ascent in global innovation rankings. Placed 11th and as the only middle-income economy in the top 30, China boasts three of the world's five major science and technology clusters. The past decade has seen rapid growth in its innovative capacities, reflecting the country's dedication to becoming an innovative nation.
However, challenges remain. In an era of intensified globalization, technological innovation has become a focal point of international competition. The global industrial and supply chain landscapes are undergoing transformative changes, posing complex issues for China's quest to enhance its international competitiveness.
Addressing these challenges requires a strategic focus on innovation-driven development. By nurturing new quality productive forces, China aims to stimulate fresh momentum for economic growth, ensuring it remains resilient and competitive on the global stage.
Reference(s):
cgtn.com
