In 2024, the Chinese mainland continues to push forward with its strategic initiative on \"new quality productive forces,\" a term that originated during last year's Two Sessions and has since captured global attention.
At the heart of this initiative lies innovation, which is driving the shift from traditional economic growth models to more advanced productivity development pathways. These new productive forces are characterized by high technology, high efficiency, and high quality, aligning seamlessly with the region's updated development philosophy.
The past year has seen a concerted effort to foster these new quality productive forces, accelerating the Chinese mainland's efforts to upgrade traditional industries, develop emerging sectors, plan for future industries, and construct a modern industrial system. This strategic focus aims to transform the economic landscape, ensuring sustainable growth and enhancing the competitiveness of the Chinese mainland in the global market.
