Chinese President Xi Stresses Development Of New Quality Productive Forces

In a recent address, Chinese President Xi Jinping emphasized the critical role of fostering new, high-quality productive forces that are in harmony with local conditions to achieve sustainable development. This statement was made during his participation in a deliberation with delegates from Jiangsu province at the second session of the 14th National People's Congress, as reported by China Daily.

Xi pointed out that the focus on developing new productive forces should not lead to the neglect or abandonment of traditional industries. Instead, there is a significant push towards using new technologies to enhance these industries, aiming for their high-end, intelligent, and green transformation.

The president advocated for a deeper integration between technological and industrial innovation. This strategy is intended to solidify the dominant position of traditional industries while also speeding up the formation of strategically competitive emerging industry clusters. Such efforts are expected to position Jiangsu as a pivotal base for cultivating new quality productive forces.

Furthermore, Xi highlighted the importance of planning comprehensive reforms to provide a robust boost to high-quality development and ensure continuous progress towards Chinese modernisation. He reiterated the importance of promoting a market-based, world-class business environment that is underpinned by a sound legal framework. This approach aims to create new competitive advantages for China in achieving a higher level of open economy.

The emphasis on leveraging new technologies to upgrade traditional sectors and the call for deeper integration between technological and industrial innovation underscore China's commitment to sustainable development and modernisation. These strategies are poised to consolidate China's leading position in traditional industries while fostering the growth of emerging industry clusters, thereby contributing to the nation's overall high-quality development.

With inputs from WAM