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 factors behind China's rapid economic development — such as cheap labor, rising exports and investment in infrastructure — may not be as important in the new era. Therefore, China needs to look for new growth drivers, such as high-quality, innovation-driven development and the advancement of new quality productive forces, because they can enable China to produce more goods and equipment with high added value using new production methods, and make the Chinese economy more efficient. As the resolution noted, to achieve high-quality development, China needs to improve the education and science and technology sectors, promote innovation, cultivate talents, and strengthen international cooperation.

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