Deeper reform drives modernization
5 months, 2 weeks ago

Deeper reform drives modernization

China Daily  

JIN DING/CHINA DAILY Boosting total factor productivity As China enters a new stage of economic development, rising factor costs and the aging population have become major challenges as have the restrictions imposed by advanced economies on the transfer of some core technologies to China. Given these facts, the central government has stressed that cultivating new quality productive forces is necessary for promoting high-quality development. New quality productive forces are fuelled by revolutionary breakthroughs in technology, novel allocations of factors of production, and transformation and upgrading of industries, with a significant increase in total factor productivity being its signature pursuit. Promoting new quality productive forces is necessary to pursue sustainable development, original and disruptive technological innovations are needed to drive new quality productive forces, while education remains the cornerstone of technological innovation. So governments and educational departments at all levels should take steps to attract more talents, improve the curriculums, prioritize STEM education, cultivate talents with interdisciplinary knowledge and an international outlook, and form a virtuous cycle of education, science, technology and talents, providing solid support for the development of the new quality productive forces.

Social Development Quality Reform Party Chinese Forces Productive Total Factor Productivity Challenges China  productive  drives  quality  forces  modernization  challenges  china  technological  deeper  social  reform  global  factor  development

History of this topic

Developing industries as carriers of new forces
1 month, 1 week ago

Developing industries as carriers of new forces

China Daily  

CAI MENG/CHINA DAILY New quality productive forces, which take innovation as the driving force and industry as the carrier, feature high technology, high efficiency and high quality. Traditional industries, through the integration of digital intelligence and green technologies, can also embody the characteristics of high technology, high quality and high efficiency, thus becoming carriers of new quality productive forces. Different …

Innovation to drive high-quality development
3 months, 3 weeks ago

Innovation to drive high-quality development

China Daily  

Employees check a power transmission network in Zhangye, Gansu province. The communique issued by the third plenary session of the 20th Central Committee of the Communist Party of China, which was held in July, highlighted the need to "deepen supply-side structural reform, improve incentive and constraint mechanisms for promoting high-quality development, and strive to create new growth drivers and strengths". …

Innovation to drive high-quality development
3 months, 3 weeks ago

Innovation to drive high-quality development

China Daily  

Employees check a power transmission network in Zhangye, Gansu province. The communique issued by the third plenary session of the 20th Central Committee of the Communist Party of China, which was held in July, highlighted the need to "deepen supply-side structural reform, improve incentive and constraint mechanisms for promoting high-quality development, and strive to create new growth drivers and strengths". …

New quality productive forces to rejuvenate market
4 months, 1 week ago

New quality productive forces to rejuvenate market

China Daily  

Willie Tan, CEO of Skechers China, South Korea and Southeast Asia. Q3 How do you view China's new reform initiatives aimed at fostering new quality productive forces, such as those to encourage industrial upgrade and technological innovation? MADARANG: China's new reform initiatives, focused on fostering new quality productive forces through industrial upgrades and technological innovation, present significant opportunities for foreign …

New quality productive forces to rejuvenate market
4 months, 1 week ago

New quality productive forces to rejuvenate market

China Daily  

Nat Madarang, president of Goodyear Asia Pacific. MADARANG: The third plenary session of the 20th Communist Party of China Central Committee emphasized China's commitment to deepening reforms and enhancing the business environment, which is expected to attract more foreign investment. The certainty of China's economy and the government's steadfast commitment provide a long-term stable environment for business development in China, …

New quality productive forces to rejuvenate market
4 months, 1 week ago

New quality productive forces to rejuvenate market

China Daily  

Nat Madarang, president of Goodyear Asia Pacific. MADARANG: The third plenary session of the 20th Communist Party of China Central Committee emphasized China's commitment to deepening reforms and enhancing the business environment, which is expected to attract more foreign investment. The certainty of China's economy and the government's steadfast commitment provide a long-term stable environment for business development in China, …

China to realize national rejuvenation despite hurdles
4 months, 2 weeks ago

China to realize national rejuvenation despite hurdles

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. The recently concluded third plenary session of the 20th Central Committee of the Communist Party of China charted the future course of China's development, which will also influence the development of the global economy. The resolution attaches great importance to high-quality development and new quality productive forces, because the …

China to realize national rejuvenation despite hurdles
4 months, 2 weeks ago

China to realize national rejuvenation despite hurdles

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. The recently concluded third plenary session of the 20th Central Committee of the Communist Party of China charted the future course of China's development, which will also influence the development of the global economy. The resolution attaches great importance to high-quality development and new quality productive forces, because the …

Expert: Pursuit of new tech should be sensible
5 months ago

Expert: Pursuit of new tech should be sensible

China Daily  

Robots operate on an auto production line in Liuzhou, Guangxi Zhuang autonomous region. JIN HAOYUAN/XINHUA While fostering new quality productive forces, China's different regions should try to leverage their own endowments and comparative advantages rather than rushing to invent new technologies in frontier areas, without factoring in their local conditions, a senior economist told China Daily in an exclusive interview. …

Expert: Pursuit of new tech should be sensible
5 months ago

Expert: Pursuit of new tech should be sensible

China Daily  

Robots operate on an auto production line in Liuzhou, Guangxi Zhuang autonomous region. JIN HAOYUAN/XINHUA While fostering new quality productive forces, China's different regions should try to leverage their own endowments and comparative advantages rather than rushing to invent new technologies in frontier areas, without factoring in their local conditions, a senior economist told China Daily in an exclusive interview. …

China's institutional reforms to underpin development of new quality productive forces
5 months ago

China's institutional reforms to underpin development of new quality productive forces

China Daily  

The skyline of Beijing. BEIJING - China has proposed institutional reforms to foster new quality productive forces in a newly released resolution that experts say will give a forceful boost to innovation. In the resolution adopted at the third plenary session of the 20th Communist Party of China Central Committee last week, China vows to "improve the institutions and mechanisms …

Developing new quality productive forces
5 months ago

Developing new quality productive forces

China Daily  

SONG CHEN/CHINA DAILY The resolution on further deepening reform to advance Chinese modernization, which was adopted at the third plenary session of the 20th Central Committee of the Communist Party of China, reiterated the significance of cultivating new high-quality productive forces. The new quality productive forces theory enriches the traditional economic growth theories, which emphasize the importance of factor inputs …

Education quality next major development focus
5 months ago

Education quality next major development focus

China Daily  

China will promote integrated reforms in education, science and technology, and talent cultivation while enhancing the overall efficiency of the national innovation system, Education Minister Huai Jinpeng said on Friday. Comprehensive reforms of education, the sci-tech system and talent development will be deepened to achieve high-level self-reliance, Huai said. The country will focus on strengthening targeted talent cultivation and scientific …

New quality productive forces will be one of China's top priorities
5 months ago

New quality productive forces will be one of China's top priorities

China Daily  

A robot hand picks up a ball during the 2024 World AI Conference in Shanghai, July 4, 2024. Driving a shift to new quality productive forces will be among China's top priorities in promoting high-quality development in the long run, said Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic Affairs. Highlighting the …

New productive forces facilitate reform
5 months, 1 week ago

New productive forces facilitate reform

China Daily  

New quality productive forces are characterized by high technology, high efficiency and high quality. New quality productive forces aim to increase total factor productivity. These developments set the stage for the introduction of new quality productive forces, signifying that China has entered a development phase where growth is being driven by innovation and technological advancements. Since new quality productive forces …

Structural reforms key priority area
5 months, 1 week ago

Structural reforms key priority area

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. Structural reforms to boost technological innovation and drive industrial upgrading will be among the key priorities of China's policymakers to foster new quality productive forces and promote high-quality development over the next few years, said economists and entrepreneurs. Senior China researchers and analysts said they believe the metric of …

New productive forces facilitate reform
5 months, 1 week ago

New productive forces facilitate reform

China Daily  

New quality productive forces are characterized by high technology, high efficiency and high quality. New quality productive forces aim to increase total factor productivity. These developments set the stage for the introduction of new quality productive forces, signifying that China has entered a development phase where growth is being driven by innovation and technological advancements. Since new quality productive forces …

New productive forces facilitate reform
5 months, 1 week ago

New productive forces facilitate reform

China Daily  

chinadaily.com.cn| Updated :2024-07-17 New quality productive forces are characterized by high technology, high efficiency and high quality. New quality productive forces aim to increase total factor productivity. These developments set the stage for the introduction of new quality productive forces, signifying that China has entered a development phase where growth is being driven by innovation and technological advancements. Since new …

New productive forces facilitate reform
5 months, 1 week ago

New productive forces facilitate reform

China Daily  

SONG CHEN/CHINA DAILY The 20th Central Committee of the Communist Party of China started its third plenary session in Beijing on Monday morning. In a nutshell, new quality productive forces are primarily driven by innovation, breaking free from traditional growth — and productivity-based development models. These developments set the stage for the introduction of new quality productive forces, signifying that …

New productive forces facilitate reform
5 months, 1 week ago

New productive forces facilitate reform

China Daily  

SONG CHEN/CHINA DAILY The 20th Central Committee of the Communist Party of China started its third plenary session in Beijing on Monday morning. In a nutshell, new quality productive forces are primarily driven by innovation, breaking free from traditional growth — and productivity-based development models. These developments set the stage for the introduction of new quality productive forces, signifying that …

New quality productive forces energize emerging sectors
5 months, 3 weeks ago

New quality productive forces energize emerging sectors

China Daily  

Visitors 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 …

New quality productive forces energize emerging sectors
5 months, 3 weeks ago

New quality productive forces energize emerging sectors

China Daily  

Visitors 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 …

New productive forces should suit local conditions
5 months, 4 weeks ago

New productive forces should suit local conditions

China Daily  

LI MIN/CHINA DAILY New quality productive forces comprise two main elements. China needs to view new quality productive forces from the global perspective, because its "artificial intelligence-plus" sector lags behind those of developed economies. In this regard, the Third Plenary Session of the 20th Communist Party of China Central Committee scheduled for next month may release new guidelines on major …

New productive forces should suit local conditions
5 months, 4 weeks ago

New productive forces should suit local conditions

China Daily  

LI MIN/CHINA DAILY New quality productive forces comprise two main elements. China needs to view new quality productive forces from the global perspective, because its "artificial intelligence-plus" sector lags behind those of developed economies. In this regard, the Third Plenary Session of the 20th Communist Party of China Central Committee scheduled for next month may release new guidelines on major …

Innovation key driver of country's sustained high-quality development
6 months ago

Innovation key driver of country's sustained high-quality development

China Daily  

Researchers adjust a humanoid robot at an AI laboratory on Jan 31, 2024. President Xi Jinping has stressed the importance of the development of the country's science and technology sector on many occasions, saying that innovation has always been the primary driver of the country's development. The suppression, blockades and sanctions have motivated China to intensify its efforts to tackle …

China's reform efforts hailed by execs, experts
6 months, 3 weeks ago

China's reform efforts hailed by execs, experts

China Daily  

A staff member checks optoelectronics products at a tech firm in Kunshan, Jiangsu province, on May 15, 2024. "Deepening reforms, particularly institutional reforms, will help remove obstacles and difficulties hindering the development of new quality productive forces and promote optimal allocation and free flow of production factors including capital, technology and labor," said Liu Quanhong, director of the industrial and …

Reform and opening-up indispensable in pursuit of high-quality development
8 months, 3 weeks ago

Reform and opening-up indispensable in pursuit of high-quality development

China Daily  

A view of Shanghai's Lujiazui area in July 2021. Facing the unfavorable factors restricting high-quality development, and the bottlenecks and obstacles hindering economic recovery, the nation must further deepen reform and form a new type of production relations that are compatible with the development of new quality productive forces. Although economic globalization is currently encountering setbacks, with "decoupling" and "de-risking" …

Experts discuss new quality productive forces at Beijing seminar
8 months, 3 weeks ago

Experts discuss new quality productive forces at Beijing seminar

China Daily  

The new book New Quality Productive Forces was launched during the seminar. During a seminar in Beijing, experts emphasized that the emergence of new quality productive forces will play a crucial role in driving further socio-economic development in China. The seminar, which also marked the launch of a new book titled New Quality Productive Forces, was organized by the school …

Experts discuss new quality productive forces at Beijing seminar
8 months, 3 weeks ago

Experts discuss new quality productive forces at Beijing seminar

China Daily  

The new book New Quality Productive Forces was launched during the seminar. During a seminar in Beijing, experts emphasized that the emergence of new quality productive forces will play a crucial role in driving further socio-economic development in China. The seminar, which also marked the launch of a new book titled New Quality Productive Forces, was organized by the school …

China pursues new quality productive forces through innovation
8 months, 3 weeks ago

China pursues new quality productive forces through innovation

China Daily  

An aerial view of a wind farm in Liuzhou, Guangxi Zhuang autonomous region. BOAO, Hainan - China's green and digital innovation is injecting great momentum into its efforts to develop new quality productive forces and promote high-quality development. New quality productive forces refer to advanced productivity freed from traditional economic growth modes and productivity development paths. Noting that the goal …

Confidence, certainty and potential behind China's 2024 growth target
9 months, 1 week ago

Confidence, certainty and potential behind China's 2024 growth target

China Daily  

The skyline of Beijing. BEIJING - China has targeted its economic growth at around 5 percent for 2024, a goal that officials and experts believe is well within reach considering the country's sound economic fundamentals and supportive macroeconomic policy mix. China's exports of the tech-intensive green trio -- lithium-ion batteries, photovoltaic products, and NEVs -- amounted to 1.06 trillion yuan …

Why West misreads new development paradigm
9 months, 2 weeks ago

Why West misreads new development paradigm

China Daily  

A view of Beijing's CBD area. The importance of the rise of "new quality productive forces" in China needs to be understood against this historical background. China's new quality productive forces are primarily in the areas of new energy, new materials, new hi-tech manufacturing systems, and new applications of artificial intelligence. Five features set apart China's new quality productive forces …

Experts' views on new quality productive forces
9 months, 2 weeks ago

Experts' views on new quality productive forces

China Daily  

By Ma Xuejing/China Daily Editor's note: The rise of new quality productive forces signals a transformative shift in China's economic landscape, with research and development serving as the driving force behind emerging technologies and the advancement of new quality productive forces. China's new quality productive forces are primarily in the areas of new energy, new materials, new hi-tech manufacturing systems, …

Experts' views on new quality productive forces
9 months, 2 weeks ago

Experts' views on new quality productive forces

China Daily  

By Ma Xuejing/China Daily Editor's note: The rise of new quality productive forces signals a transformative shift in China's economic landscape, with research and development serving as the driving force behind emerging technologies and the advancement of new quality productive forces. China's new quality productive forces are primarily in the areas of new energy, new materials, new hi-tech manufacturing systems, …

Industrial upgrades crucial to propelling growth
9 months, 2 weeks ago

Industrial upgrades crucial to propelling growth

China Daily  

A leading economist has called for heightened focus on harnessing cutting-edge technologies and supporting small and medium-sized enterprises to foster "new quality productive forces" and propel China's economic growth. "The development of new quality productive forces not only includes fostering new industries and new impetus with disruptive and cutting-edge technologies, but also facilitating the development of future-oriented industries and strategic …

Shandong strives for new quality productive forces
9 months, 2 weeks ago

Shandong strives for new quality productive forces

China Daily  

China will strive to modernize the industrial system and develop new quality productive forces at a faster pace, according to a Government Work Report submitted on March 5 to the national legislature for deliberation. New quality productive forces, with innovation as the leading force, break away from traditional economic growth patterns and production development paths and focus on high-tech, high-efficiency, …

Why West shouldn't misread China's new development
9 months, 2 weeks ago

Why West shouldn't misread China's new development

China Daily  

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. The importance of the rise of "new quality productive forces" in China needs to be understood against this historical background. China's new quality productive forces are primarily in the areas of new energy, new materials, new hi-tech manufacturing systems, and new applications of artificial intelligence. Five features …

New forces, bigger sales grids to stabilize trade
9 months, 2 weeks ago

New forces, bigger sales grids to stabilize trade

China Daily  

An employee checks export-bound LEDs at a company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY New quality productive forces and Chinese manufacturers' ongoing efforts to broaden their sales networks globally will help China to stabilize its foreign trade this year amid a challenging global business environment, said government officials and scholars on Thursday. In addition to witnessing a growing …

Industrial upgrades crucial to propelling growth
9 months, 2 weeks ago

Industrial upgrades crucial to propelling growth

China Daily  

A leading economist has called for heightened focus on harnessing cutting-edge technologies and supporting small and medium-sized enterprises to foster "new quality productive forces" and propel China's economic growth. "The development of new quality productive forces not only includes fostering new industries and new impetus with disruptive and cutting-edge technologies, but also facilitating the development of future-oriented industries and strategic …

Emerging industries take fresh growth path
9 months, 2 weeks ago

Emerging industries take fresh growth path

China Daily  

SONG CHEN/CHINA DAILY At a logistics port in Shenzhen, Guangdong province, a ship laden with domestically manufactured new energy vehicles, or NEVs, is set to sail for distant shores. "New quality productive forces", a concept coined recently in China, refers to advanced productivity that breaks free from traditional economic growth modes and productivity development paths to feature high-level technology, efficiency, …

Chinese modernization delivers economic growth for the world
2 years, 1 month ago

Chinese modernization delivers economic growth for the world

China Daily  

"China was the powerhouse of economic growth globally for the last 30 years. Now, this modernization program can help to deliver more economic growth for the world," said Digby James Wren, a senior special adviser to, and director of the Mekong Research Center, the International Relations Institute, Royal Academy of Cambodia. Speaking of the most important takeaway from the National …

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