Chinese President Xi Jinping has emphasized the development of new quality manufacturing forces amid the country’s accelerated efforts to foster new growth drivers and promote high-quality development. First floated by Xi in 2023 during an inspection in northeast China’s Heilongjiang province, the concept was highlighted at a key meeting on economic work last December and became the subject of a group study session of the CPC leadership earlier this year. At this year’s top legislative session, the concept dominated policy discussions in many areas and was listed as the top priority for the government’s work in 2024 in the government’s work report. Here are the key implications of the concept and how China plans to implement it as the country pursues high-quality development: Q: What does this mean? Answer: With innovation playing a leading role, the new quality production forces mean advanced productivity that is freed from the traditional economic growth mode and productivity development paths, characterized by high technology, high efficiency and high quality, and is in line with the new development philosophy. . Question: What are the drivers, the basic connotations and the basic characteristic? A: Driving forces: revolutionary technological breakthroughs, innovative allocation of factors of production and deep industrial transformation and modernization Basic connotation: improvement of workers, means of work, work subjects and their optimal combination The basic distinguishing feature: a substantial increase in the overall productivity of production factors New quality production forces that are characterized by innovation and high quality is key are essentially advanced productivity. Q: Why does this matter? A: The promotion of high-quality development has become the consensus and conscious action of the whole party and society in the new era. There are still many factors limiting high-quality development that must be guided by the new theory of productivity. Question: How to accelerate the development of new quality production forces? Answer: 1) Continue to use innovation to accelerate the development of new quality production forces 1.1) Sci-tech innovation can create new industries, new models and new drivers of growth, which are the main elements of the development of new quality production forces 1.2) Strengthen sci-tech innovations, especially original and revolutionary innovations 1.3) Sci-tech innovations should be applied to specific industries and industrial chains in a timely manner 1.4) Accelerate the green transformation of growth models and contribute to carbon maximum and carbon neutrality 2) Furthermore, deepen the reform in an all-round way and form a new type of production relations corresponding to the development of new quality production forces 2.1) Deepen the reforms of the economic system and the management system of science and technology, work diligently to eliminate bottlenecks that prevent the development of new quality production forces 2.2) Further deepen the reform in an all-round way and form a new type of production relations corresponding to the development of new quality production forces 3) Facilitate the virtuous cycle of education, science and technology, and talents in accordance with the requirement to develop new quality production forces and improve the mechanism of preparation, implementation, utilization and flow of talents. Dos and don’ts in developing new quality productive forces President Xi Jinping called for focusing on high-quality development as the top priority and urged efforts to strengthen innovation, support emerging industries, adopt progressive future-oriented industrial development plans, and improve the modernized industrial system. Developing new high-quality manufacturing forces does not mean neglecting or abandoning traditional industries, Xi said. It is necessary to avoid a headlong rush into projects and the creation of industrial bubbles and to avoid adopting only one development model, he noted. Localities should take into account their own resources, industrial base and scientific research conditions in promoting the development of new industries, models and growth drivers in a selective manner, and use new technologies to transform and upgrade traditional industries into high-end, intelligent and green industries, he said.
https://www.chinadaily.com.cn/a/202403/06/WS65e79f40a31082fc043bad4a_1.html
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