BEIJING, Chinese President Xi Jinping has stressed developing new quality productive forces amid the country's accelerated efforts to foster new growth drivers and promote high-quality development. First put forward by Xi in 2023 during inspection in China’s north-east Heilongjiang province, the concept was highlighted at a key meeting on economic work last December, and became the subject of a group study session of the CPC leadership earlier this year.  In this year’s top legislature meeting, the concept dominated policy discussions in many areas, and was placed as the top priority of the government’s work in 2024 in the government work report. 

 Here are the key implications of the concept, and how China plans to implement as the country pursues high-quality development. According to China Daily, the concept of quality productive forces have recently become a buzzword, capturing the attention of various industries and sparking widespread discussions.

What does it mean?

With innovation playing the leading role, new quality productive forces mean advanced productivity that is freed from traditional economic growth models and productivity development paths.  It features high technology, high efficiency and high quality, and comes in line with the new development philosophy.

Credit: Independent News Pakistan (INP) — Pak-China