Current location:business >>
New productive forces key to growth, Xi says
business14818People have gathered around
IntroductionSession: Vision points way to sustainable growthPresident Xi Jinping has underlined the key role of ...
Session: Vision points way to sustainable growth
President Xi Jinping has underlined the key role of new productive forces in underpinning China's high-quality development, saying that the nation must beef up innovation in science and technology to attain a high level of sci-tech self-reliance.
Xi, who is also general secretary of the Communist Party of China Central Committee, on Wednesday expounded on the theory of new productive forces while presiding over a group study session of the Political Bureau of the CPC Central Committee, the Party's core leadership.
The study session included contributions by He Lifeng and Zhang Guoqing, both vice-premiers, and Ma Xingrui and Yuan Jiajun, the Party secretaries of the Xinjiang Uygur autonomous region and Chongqing municipality, respectively.
Xi stressed the need to always keep in mind that high-quality development is the fundamental principle for the new era.
He urged efforts to ensure the sound implementation of strategic tasks such as accelerating the construction of a modern economic system, advancing high-level sci-tech self-reliance, speeding up the formation of a new development pattern and coordinating the deepening of reforms and high-level opening-up.
He stressed the need to guide the nation's high-quality development with new theories on productivity, with new productive forces having already taken shape and served as a strong impetus and pillar of high-quality growth.
Xi said that new productive forces are mainly driven by innovation and characterized by high-technology, high efficiency and high quality.
New productive forces, spawned by revolutionary technological breakthroughs, the innovative allocation of factors of production and the transformation and upgrading of industries, are characterized mainly by a significant increase in productivity, he added.
Xi first mentioned the term "new productive forces" during a fact-finding trip to Heilongjiang province in September.
The annual tone-setting Central Economic Work Conference in December reemphasized the need to spur industrial innovation with sci-tech innovation, especially using disruptive and cutting-edge technologies to spawn new industries, new models, and new growth momentum.
In his 2024 New Year address, Xi underscored that new-energy vehicles, lithium batteries and photovoltaic products "are a new testimony to China's manufacturing prowess".
According to Chinese Customs, the value of the nation's exports of the three products grew 29.9 percent year-on-year to 1.07 trillion yuan ($149.7 billion) in 2023.
Xi reiterated on Wednesday that sci-tech innovation is the core element for developing new productive forces.
China must perform well in the battle to develop core technologies so that original and disruptive sci-tech innovation outcomes can keep emerging, thus harnessing the new momentum for developing new productive forces, he said.
He highlighted the need to apply sci-tech innovations in industries and industrial chains to upgrade traditional sectors, expand emerging industries and plan for the development of future industries.
Xi laid out requirements to plan the development of industry chains centered on new productive forces to make industrial and supply chains more resilient and secure, and ensure that the industrial system is independent, secure and reliable.
Green development is the underlying part of high-quality development, and new productive forces are essentially green, he said.
China must expedite the green transformation of growth models to aid its goal of peaking carbon emissions before 2030 and attaining carbon neutrality before 2060, he stressed.
While reaffirming the nation's commitment to follow a path prioritizing ecological protection and green development, Xi called for steps to build up the green manufacturing sector, develop green services and expand the green energy industry.
It is important to develop green and low-carbon industrial and supply chains, and develop a green and low-carbon circular economy system, Xi added.
He stressed the necessity to further deepen reform to develop new productive forces, saying that reform of the nation's economic system and sci-tech system must be deepened and a high-standard market system must be established.
Xi also set out steps to train talent, which is in short supply for the development of new productive forces, including fine-tuning the disciplines of the nation's higher education institutions and improving the income distribution system by incorporating new elements.
Zhu Keli, founding director of the China Institute of New Economy, said the vision laid out by Xi for developing new productive forces will help navigate the Chinese economy toward a path of high-quality and more sustainable growth.
He noted that China's economy has entered a period in which traditional growth engines are gradually weakening, and emerging sectors and new technologies have taken the lead.
"The development of new productive forces not only improves the overall growth efficiency and competitiveness of the economy but also lays a more solid foundation for future high-quality economic development," he added.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Web news portal”。http://tunisia.camilleandconfettis.com/article-03d099919.html
Related articles
French sports minister calls for sanctions after Monaco player tapes over anti
businessPARIS (AP) — France’s sports minister has called for soccer club Monaco to be sanctioned after one o ...
【business】
Read moreIranian FM, EU foreign policy chief discuss Iran's retaliatory attack against Israel
businessIranian Foreign Minister Hossein Amir-Abdollahian and European Union (EU) foreign policy chief Josep ...
【business】
Read moreAncient tomb unveiled: discoveries from Western Zhou Dynasty
businessOn Monday, the Shanxi Institute of Cultural Relics and Archaeology published new excavation informat ...
【business】
Read more
Popular articles
- Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- Connor McDavid becomes 4th in NHL history with 100 assists as the Oilers rout the Sharks 9
- Andrew Scott speaks out on his 'wonderful' friendship with All Of Us Strangers co
- Melissa George gives fans a rare glimpse at her newborn baby boy after giving birth at 47
- Why US Catholics are planning pilgrimages in communities across the nation
- Nissan says it will make next
Latest articles
Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
E China hailstorm disaster death toll rises to 7
86 individuals awarded for helping shield national security
Bernd Hölzenbein, World Cup winner with West Germany in 1974, dies at 78
Shohei Ohtani's first walk
CPC to implement Party discipline education campaign
LINKS
- David Pryor, former governor and senator of Arkansas, is remembered
- Lauren Goodger cuts a stylish figure as she joins her TOWIE co
- Olly Murs shares he's juggling nappies and late nights as he gives insight into fatherhood while on
- Anthony Edwards scores 36 points, Timberwolves beat Suns 126
- The tunnels have EYES! Inside the hidden 100
- A strong magnitude 6.1 earthquake shakes Indonesia's Java Island, felt in Jakarta
- Penix wowed Falcons' Morris, Fontenot with sound of his passes in pre
- Kyle Busch win the pole for NASCAR Cup race at Dover Motor Speedway
- Champions League
- Chiefs address biggest concerns in NFL draft with selections of wide receiver and offensive tackle