New quality productive forces energize emerging sectors
China DailyVisitors watch the electric vertical take-off and landing vehicle M1 independently developed by startup company Vertaxi at the 2024 China Brand Day events in Shanghai, on May 12, 2024. Therefore, it is imperative that China cultivate and develop new quality productive forces to seize the development opportunities and overcome the constraints in order to boost economic recovery and promote high-quality industrial development. To foster new quality productive forces, China must leverage its industrial and market advantages to develop frontier and original technologies, and make revolutionary breakthroughs in the field of science and technology. Developing new quality productive forces involves expanding strategic emerging industries, nurturing future industries and upgrading traditional ones. By fostering strategic emerging industries, laying the groundwork for future industries and upgrading traditional ones, China can build an advanced industrial system, thus consolidating the foundation for the development of new quality productive forces.