Strengthening new driving forces for economic growth

2024-11-04

Since the beginning of this year, China's new driving forces have accelerated their growth, with new technologies, industries, and demands constantly emerging. This has not only injected vitality into the economy, but also provided new impetus for achieving high-quality development. New technologies have the power to promote economic development. From the perspective of technological innovation, many good news have been reported, such as the frequent introduction of new heavy equipment by major countries and the successful acceptance of China's first "ground space station". Significant breakthroughs have been made in key technological fields, such as the delivery of six C919 large passenger planes, marking a further enhancement of China's aviation industry's independent innovation capabilities. From the perspective of infrastructure construction, the official opening and trial operation of the Shenzhen China Channel, as well as the significant increase in the number of new 5G base stations built nationwide, have provided a solid foundation for empowering industrial development through technological innovation. From the perspective of green development, the production of clean energy is growing rapidly, and the background of green and clean energy is further highlighted, promoting new progress in green and low-carbon development. New industries have the power to create new advantages for economic development. From the perspective of optimizing and upgrading traditional industries, with the two main lines of optimization and upgrading as the core, promoting traditional industries towards intelligence, high-end, branding, service-oriented, intensive, and green directions, the added value of high-tech manufacturing above designated size increased by 9.1% year-on-year in the first three quarters, providing support for high-quality economic development. From the perspective of accelerating the development of emerging industries, following the principles of promising technology, market for products, and foundation for industries, we are promoting emerging industries to move towards the direction of leading and pillar industries for future economic development. In the first three quarters, intelligent green new products such as integrated circuits, intelligent unmanned aerial vehicle manufacturing, virtual reality equipment, smartphones, new energy vehicles, and solar cells have performed outstandingly, providing an important engine for high-quality economic development. New demands have effectively released new space for economic development. From the perspective of investment, investment in high-tech industries continues to grow rapidly, and the transformation and upgrading of traditional industries continues to advance. In the first three quarters, investment in high-tech industries increased by 10.0% year-on-year, which is 6.6 percentage points faster than total investment. The key role of investment in optimizing the supply structure has been well played. From the perspective of consumption, new technologies such as big data and artificial intelligence have given rise to new consumption scenarios, and new consumption models such as live streaming and instant delivery continue to emerge, driving a year-on-year growth of 7.9% in online retail sales of physical goods in the first three quarters. The volume of express delivery services has exceeded 120 billion pieces, and the fundamental role of consumption in economic growth has been further played. From the perspective of exports, China has fully leveraged the advantages of the new national system and the entire industry chain, organized and implemented a number of major technological equipment research and development projects, driven breakthroughs in core technologies and key components, and continued to improve the export of products in advantageous fields such as high-speed rail, power equipment, new energy, and communication equipment. The supporting role of exports in economic growth has been further enhanced. At present, the external environment is complex, and effective domestic demand is still insufficient. The foundation for economic recovery and improvement still needs to be consolidated. In the future, we should continue to generate new momentum through new technologies, industries, and demands, hedge against downward pressure, enhance upward momentum, and consolidate and strengthen the momentum of economic recovery. Vigorously implement the innovation driven development strategy and seek new driving forces from new technologies. Further increase the financial support for technological innovation and steadily increase the proportion of funds used for scientific research and experimental development. Improve the incentive mechanism and reward policies for enterprise technological innovation, support leading enterprises in technological innovation to accelerate breakthroughs in cutting-edge and disruptive technologies, and support key "little giants" enterprises to tackle new technologies. Adhere to high-end leadership, vigorously cultivate and nurture a group of high-level innovative cutting-edge talents, leading talents in key industries and strategic emerging industries, and enhance the vitality of the scientific and technological innovation talent team. Accelerate the construction of a modern industrial system and seek new driving forces from emerging industries. Based on the existing foundation and potential advantages of the industry, we will cultivate and strengthen industries with good quality and efficiency, leading technology, strong industrial support, low resource consumption, such as high-end intelligent equipment, new generation information technology, biotechnology, new energy, new materials, high-end equipment, brain like intelligence, quantum information, gene technology, cultural tourism, modern logistics, characteristic agriculture, biomedicine, food and consumer goods manufacturing, etc., forming a new pattern of modern emerging industry system. Promote the coordinated driving force of the three major demands and generate new momentum towards new demands. Efforts will be made to promote the implementation and effectiveness of the "dual" and "two new" policies, and to organize and implement a number of major projects with global driving and goal oriented characteristics, as well as major investment projects in infrastructure, industrial development, scientific and technological innovation, social livelihood, ecological protection, and other areas. Implement consumer promotion actions, tap into demand potential, optimize the consumption environment, develop emerging consumption such as digital consumption, green consumption, and healthy consumption, and promote consumption upgrading. Enhance the technological content of characteristic advantageous products, cultivate new advantages in international economic cooperation and competition. (New Society)

Edit:Luo yu    Responsible editor:Wang er dong

Source:ECONOMIC DAILY

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