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China

Looking at the Economic Trends of China from the Ten New Issues in the Government Work Report

2024-03-06   

The series of "new" proposed in this year's government work report, including new productive forces, new infrastructure, new consumption, and new energy systems, have attracted attention. The reporter selected ten "new" topics from the report and interviewed representatives, members, and industry experts from the National People's Congress and Chinese People's Political Consultative Conference to interpret the new trends and strong momentum of China's economic development reflected by these "new" topics. Shaping new driving forces and advantages for development, attaching great importance to the development of new quality productive forces, is a major highlight of the report. At present, China's economy is in a period of transformation of development mode, optimization of industrial structure, and transformation of growth momentum. Promoting the optimization and upgrading of industrial and supply chains through technological innovation, cultivating emerging industries, and seizing new development tracks are important deployments for the country to achieve high-quality development. The report proposes to vigorously promote the construction of a modern industrial system and accelerate the development of new productive forces. "New productive forces are different from traditional productive forces, with high-tech, high-efficiency, and high-quality characteristics, in which innovation plays a leading role." Song Dexiong, a representative of the National People's Congress and Director of the Jiangxi Provincial Department of Science and Technology, said that the proposal of new productive forces conforms to the trend of China's industrial structure transformation and upgrading, and promotes high-quality development. Dai Hegen, member of the National Committee of the Chinese People's Political Consultative Conference and Secretary of the Party Committee and Chairman of China Railway Construction Group Co., Ltd., said that the key to developing new quality productive forces is to enhance independent innovation capabilities. We need to accelerate the formation of a basic system that supports comprehensive innovation, unite the forces of the government, market, society, and other aspects, and promote the independent and controllable development of key core technologies. The report proposes to actively cultivate emerging industries and future industries. Xu Zhaoyuan, Deputy Minister of the Industrial Economy Research Department of the Development Research Center of the State Council, said that emerging industries and future industries represent the direction of technological revolution and industrial transformation. For example, quantum technology and life sciences are expected to become new tracks in the future industry. Zhang Zhiyong, Chairman of China Tower, suggested improving the new national system and overcoming the bottleneck problem; Efforts will be made to strengthen original and leading technological breakthroughs, enhance independent control and original innovation capabilities in key areas; Strengthen digital empowerment and accelerate the digital transformation of industries. The report proposes to deepen the energy revolution, control fossil energy consumption, and accelerate the construction of a new energy system. "In today's Baicheng City, as long as there is wind blowing and the sun rising, wealth will be generated." Yang Dayong, the mayor of Baicheng City in Jilin Province, represented that Baicheng City is known as the "Wind and Sand City". In recent years, Baicheng City has vigorously developed new energy such as wind power and photovoltaics, becoming the first new energy generation city in Northeast China with a capacity of tens of millions of kilowatts. "The main characteristics of the new energy system are safety, efficiency, green, and low-carbon." Yang Hongming, Executive Vice Dean of the School of Electrical and Information Engineering at Changsha University of Technology, said that we should aim at the forefront of global energy technology and cultivate energy technology and its related industries into new growth points that drive China's industrial upgrading. The report proposes to deepen the innovation and development of the digital economy. Qu Yongyi, Secretary of the Party Committee of the Industrial Economy Research Institute of the Chinese Academy of Social Sciences, said that the digital economy is a key area for a new round of international competition. Promoting innovative development of the digital economy requires greater research and development

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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