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Published on 2024-03-11 17:18:18
In a recent Government Work Report submitted to the national legislature, China emphasized the need to accelerate the modernization of its industrial system and develop new quality productive forces. The report outlined plans to consolidate and enhance the country’s leading position in industries such as intelligent connected new energy vehicles, hydrogen power, new materials, and innovative drugs.
At the local level, various Chinese provinces have been devising strategies to foster the development of new quality productive forces at their annual “two sessions” meetings. For example, Beijing is focusing on building an international science and technology innovation center, while Anhui province is prioritizing the development of science and technology innovation hubs in areas like quantum information and deep space exploration.
The concept of “new quality productive forces” refers to advanced productive forces driven by technological breakthroughs, innovative production factor allocation, and industry transformation. These forces lead to a qualitative improvement in labor, materials, and objects, ultimately boosting total factor productivity. Technological innovation plays a crucial role in creating new industries, models, and driving forces necessary for developing new quality productive forces.
In the realm of artificial intelligence (AI), generative AI emerged as a significant innovation in 2023. China released over 200 large AI models by the end of the year, with a focus on empowering intelligent industrial production and accelerating the development of new quality productive forces. Companies like iFLYTEK have recognized the transformative potential of generative AI in content production, human-computer interaction, and industry competition patterns.
China’s low-altitude economy represents a key aspect of new quality productive forces, with regions like Shenzhen boasting a thriving UAV industry. The development of industrial chains in sectors like the low-altitude economy has led to significant economic benefits and global competitiveness for Chinese companies like DJI.
To further drive the development of new quality productive forces, China is promoting the digital economy and integrating digital technologies into traditional industries. Initiatives like intelligent manufacturing, digital design, and 3D laser scanning are enhancing efficiency in sectors such as transportation and infrastructure development.
Additionally, Chinese provinces are actively working to strengthen industrial and supply chains by focusing on key components in industries like new energy vehicles, integrated circuits, and industrial machinery. By removing barriers to innovation and strategically allocating production factors, regions like Liaoning and Jiangsu are supporting the integrated development of strategic emerging industries.
Furthermore, the cultivation of high-skilled talent is crucial for accelerating the formation of new quality productive forces. Programs aimed at cultivating leading talents in advanced manufacturing and modern services will drive innovation and growth in key industries. China aims to cultivate over 15,000 new leading talents and add around 5 million high-skilled individuals within the next few years.
Overall, China’s focus on developing new quality productive forces through technological innovation, industry chain optimization, and talent cultivation underscores its commitment to fostering sustainable economic growth and competitiveness in the global market.
Read the original article on The Standard
