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China accelerates development of new quality productive forcesBreaking

March 14, 2024

By Li Xinping, Huang Fute, Lin Lili, People's Daily This year, various regions and departments in China have been actively developing new quality productive forces, seeking new strategies and taking proactive measures.  Deputies to the 14th National People's Congress (NPC) and members of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) stressed the importance of vigorously developing strategic emerging industries such as new energy, new materials, advanced manufacturing, and electronic information.  They believe this will help foster future industries, accelerate the development of new quality productive forces and enhance the momentum for high-quality development.

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.   New quality productive forces are in essence advanced productivity that features innovation and focuses on high quality, which are of great significance for accelerating the development of a modern industrial system, said Yu Xubo, a deputy to the 14th NPC.

Yu, also the chairman of Genertec, a centrally-administered state-owned enterprise, noted that Genertec has teamed up with Chongqing University of Technology to promote the industrialization of the nanometer time-grating technology, which has been widely applied in advanced computer numerical control machine tools and robotics, thereby contributing to the development of the Chinese high-end equipment industry. In 2023, China's production of new energy vehicles reached 9.443 million units, up 30.3 percent from a year ago. The output of solar cells, including photovoltaic cells, surged 54 percent year-on-year to reach 540 million kilowatts. It also produced 7.83 million sets of service robots, with a year-on-year increase of 23.3 percent. "Developing new quality productive forces helps foster a batch of large-scale and influential pillar industries, and also accelerates the transformation and upgrading of traditional industries, thus enhancing the resilience of the Chinese economy, and effectively upgrading and appropriately expanding China's economic output," said president of Sun Yat-sen University Gao Song, a deputy to the 14th NPC.


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