BEIJING: During China’s recently concluded “two sessions,” a pivotal event in its political calendar, the concept of “new quality productive forces” took the center stage, capturing the attention of national legislators and global political and economic observers alike. This phrase has garnered significant attention in the context of China’s ongoing economic transformation. The government work report, unveiled at the commencement of the National People’s Congress annual session, underscored the imperative of expediting the development of new quality productive forces as a cornerstone of efforts to modernize China’s industrial framework.
Delegates to the 14th National People’s Congress and members of the 14th National Committee of the Chinese People’s Political Consultative Conference emphasized the criticality of robustly fostering strategic emerging sectors, including new energy, new materials, advanced manufacturing and electronic information, underscoring China’s commitment to sustainable economic evolution.
Such concerted efforts underscore China’s commitment to fostering sustainable economic growth and technological advancement.
Characterized by innovation, new quality productive forces epitomize enhanced productivity, embodying a departure from conventional growth paradigms. Aligned with China’s progressive development ethos emphasizing innovation and sustainability, these forces encompass cutting-edge, efficient and premium productivity methods.
This shift is pivotal for bolstering productivity, efficacy and global competitiveness. For instance, China’s initiative in intelligent mining showcases this evolution. By integrating advanced technologies into coal mining operations, China seeks to elevate safety and efficiency while curbing environmental degradation. This strategic move denotes China’s commitment to advancing its economic landscape sustainably while enhancing its international standing. New quality productive forces represent a pivotal shift towards innovation-driven, high-quality productivity, crucial for advancing a modern industrial framework. These forces not only catalyze the emergence of future industries but also propel momentum towards high-quality development.
In 2023, China made remarkable strides in its production of new energy vehicles, reaching 9.443 million units, a significant 30.3 percent increase from the previous year. Moreover, the output of solar cells, including photovoltaic cells, skyrocketed by 54 percent year-on-year, reaching an impressive 540 million kilowatts. Additionally, the country manufactured 7.83 million sets of service robots, marking a notable 23.3 percent increase compared to the previous year. This robust development of new quality productive forces has not only nurtured a host of influential pillar industries but has also expedited the transformation and modernization of traditional sectors. –Agencies
