Beijing (FN), Apr. 24 – “Developing New Quality Productive Forces” first put forward by Xi in his inspection tour of northeast China’s Heilongjiang Province in September 2023, the term was highlighted again at the Central Economic Work Conference in December, and became the subject of the first group study session held by the Political Bureau of the Communist Party of China (CPC) Central Committee this year.

The incorporation of new quality productive forces into the Chinese government’s work report, and being listed as the top priority among the ten major tasks for 2024, with specific deployment, highlights China’s emphasis and sense of urgency in accelerating the development of new quality productive forces. This signifies China’s continuous efforts in fostering new growth drivers and new strengths to advance high-quality development.

“It is necessary to foster strategic emerging industries including new energy, new materials, advanced manufacturing and electronic information, and nurture industries of the future, in a bid to create new productivity boosters and new growth impetus,” Xi’s remarks while presiding over a meeting on promoting the full revitalization of northeast China in the new era on September 7, 2023.

“We should promote industrial innovation through sci-tech innovation, and in particular forging new industries, models and impetus with disruptive and cutting-edge technologies,” Xi’s important speech at the annual Central Economic Work Conference in Beijing, capital of China, on December 12, 2023

“New quality productive forces are driven by revolutionary technological breakthroughs, innovative allocation of production factors, and deep industrial transformation and upgrading, taking the improvement of workers, means of labour, subjects of labour and their optimal combinations as its basic connotation, and a substantial increase in total factor productivity as its core hallmark,” Xi’s remarks while presiding over a group study session of the Political Bureau of the CPC Central Committee on January 31, 2024

“Localities should take into account their own resource endowment, industrial foundation and scientific research conditions in promoting the development of new industries, models and growth drivers in a selective manner, and use new technologies to transform and upgrade traditional sectors into high-end, intelligent and green industries,” Xi’s speech while participating in a deliberation with fellow lawmakers from Jiangsu Province during the Second Session of the 14th NPC, on March 5, 2024.

This article was originally published on China Insight.

Photo from Xinhua