New Quality Productive Forces: What Is It, Why Is It Important, and What Should We Do?
Lucia Publikigita: 2024-03-07 22:06:44

Recently, the term "new quality productive forces" has been frequently mentioned, especially highlighted in government work reports. But what do new quality productive forces mean?

With innovation playing the leading role, new quality productive forces mean advanced productivity that is freed from traditional economic growth mode and productivity development paths, features high-tech, high efficiency and high quality, and comes in line with the new development philosophy.

First put forward by Chinese President Xi Jinping in his inspection tour of northeast China's Heilongjiang Province in September 2023, the term was highlighted again at the Central Economic Work Conference in December.

Xi highlighted the concept again Tuesday when participating in a deliberation at the ongoing annual national legislative session, stressing developing new quality productive forces based on local conditions.

President Xi said that developing new quality productive forces does not mean neglecting or abandoning traditional industries, it is an intrinsic requirement and an important focus of promoting high-quality development.

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