The recently held Central Economic Work Conference has set the tone for economic work in 2024, with "leading the construction of a modern industrial system through technological innovation" as the top of nine key tasks. It has proposed measures such as "using disruptive and cutting-edge technologies to stimulate new industries, new models, and new driving forces", "building several strategic emerging industries such as biological manufacturing, commercial aerospace, and low altitude economy", "opening up new tracks for future industries such as quantum and life sciences", and "widely applying digital and green technologies to accelerate the transformation and upgrading of traditional industries". Industry insiders interviewed by Economic Reference Daily stated that the deployment of the Central Economic Work Conference highlights the urgency and necessity of implementing the innovation driven development strategy, transforming the economic development mode, and enhancing the endogenous driving force of the economy. The next step is to highlight the key points, seize the key points, improve the level of advanced manufacturing, improve the industrial technology innovation system, focus on filling the gaps, elongating the long board, forging new boards, and continuously promote the optimization and upgrading of industrial structure, providing solid support for accelerating the construction of a modern industrial system. Since the beginning of this year, while addressing the complex and ever-changing external environment and risk challenges, China's industry has continued to steadily recover and its industrial structure has been continuously optimized. In the first 10 months, the added value of industries above designated size in China increased by 4.1% year-on-year; In the first three quarters, high-tech manufacturing accounted for 15.3% of the added value of industries above designated size. In 2024, the conference proposed to promote industrial innovation through technological innovation, especially to use disruptive and cutting-edge technologies to stimulate new industries, models, and driving forces, and develop new quality productivity. "New quality productivity represents a higher level of total factor productivity." Cheng Nan, Director of the Planning and Research Institute of the China Electronics and Information Industry Development Research Institute, said that China's economy has shifted from a stage of high-speed growth to a stage of high-quality development. To achieve sustainable growth, it is necessary to rely on technological innovation to shape new development advantages and smoothly transform technological innovation achievements into real productivity on the industrial side. Zhu Minghao, executive director of the China High end Manufacturing Research Center of Beijing Jiaotong University, believes that the meeting emphasized the leading role of scientific and technological innovation in the industry. China's scientific and technological innovation is changing from the "introduction, absorption, re innovation" model to the "independent leading innovation" model, and accelerating the realization of high level scientific and technological self-reliance is an important basic element for maintaining the integrity, progressiveness and security of the modern industrial system. Multiple departments are actively promoting the implementation of the deployment of the Central Economic Work Conference. On December 13th, Gao Dongsheng, Chief Economist of the Ministry of Industry and Information Technology, stated at the 2023-2024 China Economic Annual Conference that he will further improve the industrial science and technology innovation system, strengthen key core technology research and development, promote collaborative innovation between upstream and downstream industries, large and small enterprises, implement a number of major science and technology innovation projects, and build a high-level industrial science and technology innovation platform system. Optimize the construction and layout of manufacturing innovation centers, establish a number of experimental verification platforms and pilot platforms, support national independent innovation demonstration zones and national high-tech industry development zones to actively explore and optimize innovation mechanisms, and accelerate the construction of world-class science and technology parks and innovation highlands. Lin Zechang, Director General of the Comprehensive Department of the Ministry of Finance, stated that in order to support the construction of a modern industrial system, the finance department will actively support scientific and technological innovation and ensure the security of the industry