Innovation to drive high-quality development
China DailyEmployees 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 are advanced productive forces, which help achieve technological breakthroughs and can innovatively configure production factors and promote industrial upgrading. Although China's population is rapidly aging, the country can achieve sustainable development by exploiting the second demographic dividend, that is, new sources of economic growth, and more robustly promoting innovation. Since enterprise-driven innovation plays a key role in high-quality development, China should improve the mechanisms for developing new quality productive forces and leverage enterprises' advantages to achieve economic growth.