In a significant move to guide the nation's economic trajectory, an article by Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, focusing on the strengthening, optimization, and expansion of the real economy, is set for publication this Saturday.
The piece, appearing in the 10th issue of the Qiushi Journal—the flagship magazine of the CPC Central Committee—underscores a strategic pivot toward the "real economy." President Xi calls for the prioritization of resources, production factors, policies, and measures to ensure that the foundation of the economy remains robust and resilient.
Central to this vision is the manufacturing sector. The article identifies manufacturing as the bedrock of the real economy, urging a shift toward high-quality development. By placing the sector in a more prominent position, the goal is to build a modernized industrial system that can withstand global fluctuations while driving internal growth.
A key pillar of this strategy is the deep integration of scientific and technological innovation with industrial innovation. This synergy is expected to accelerate the development of advanced manufacturing, ensuring that the Chinese mainland remains at the forefront of global industrial evolution.
Looking ahead, the article highlights the importance of fostering new growth engines during the 15th Five-Year Plan period (2026–2030). These strategic sectors include:
- New-generation information technology and artificial intelligence
- Biotechnology and new materials
- New energy and green industry
- High-end equipment
Finally, the article reminds the financial sector of its critical role. It emphasizes that financial institutions must faithfully fulfill their duty to serve the real economy, ensuring that capital flows effectively into the sectors that drive tangible production and innovation, thereby promoting overall high-quality development.
Reference(s):
cgtn.com
