Current location:opinions >>
Industrial upgrades crucial to propelling growth
opinions255People have gathered around
IntroductionA leading economist has called for heightened focus on harnessing cutting-edge technologies and supp ...
A leading economist has called for heightened focus on harnessing cutting-edge technologies and supporting small and medium-sized enterprises to foster "new quality productive forces" and propel China's economic growth.
Huang Qunhui, head of the Chinese Academy of Social Sciences' Institute of Economics and a member of the 14th National Committee of the Chinese People's Political Consultative Conference, the country's top political advisory body, emphasized the importance of leveraging technological innovation and data-driven intelligence to modernize the industrial system and empower existing businesses.
The strategy involves establishing a modern industrial system through scientific and technological innovation while reinforcing the dominant role of enterprises in driving innovation.
"The development of new quality productive forces not only includes fostering new industries and new impetus with disruptive and cutting-edge technologies, but also facilitating the development of future-oriented industries and strategic emerging industries," he said.
Strategic emerging industries and future-oriented industries mainly include new energy, high-end equipment, biotechnology, artificial intelligence, quantum computing and humanoid robots.
The vision aligns with China's commitment, outlined in this year's Government Work Report, to prioritize the construction of a modern industrial system and expedite the development of new quality productive forces.
The term "new quality productive forces" denotes productivity liberated from traditional growth models, emphasizing high-tech, efficiency and quality in accordance with the nation's new development philosophy.
"How to leverage high-tech or the elements of new quality productive forces to empower the in-depth transformation and upgrading of traditional industries is very crucial," Huang said, adding that in the process of transforming and upgrading traditional segments, "it is very vital to improve the knowledge structure of workers engaged in traditional industries".
"They need to master intelligent, digital and green technologies through education and technical training," he said.
He said small and medium-sized enterprises will be pivotal players in the transformative process, requiring access to technological innovation sources and capital support. Huang urged efforts to stimulate the innovative spirit of entrepreneurs and incentivize increased investment in basic research.
Addressing the Government Work Report's GDP growth target of around 5 percent for this year, Huang suggested it aligns with the 14th Five-Year Plan (2021-25) and the broader goal of achieving socialist modernization by 2035.
Wang Qing, chief macroeconomic analyst at Golden Credit Rating International, said that achieving growth of around 5 percent this year will mean the economic growth momentum will be stronger than last year's due to a higher comparison base.
Wang said maintaining a medium-high economic growth rate of around 5 percent will not only ensure people's livelihoods and employment, maintain financial stability and defuse local debt risks, but also help create a favorable environment for accelerating the building of a modern industrial system and promoting high-quality development.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Starry Scope news portal”。http://gambia.shellye-mcdaniel.com/html-68a899918.html
Related articles
Bank Holiday fun
opinionsBank Holiday revellers hit towns across the UK last night, donning some rather unusual outfits as th ...
【opinions】
Read moreBen Affleck can't curb Jennifer Lopez's addiction to the spotlight and J
opinionsTwo years ago, then thrice-married Jennifer Lopez insisted on wearing white when she wed Ben Affleck ...
【opinions】
Read moreNelly Korda seizes 2
opinionsIt didn’t take Nelly Korda long to put another tournament within her grasp.Korda shot a 7-under 65 S ...
【opinions】
Read more
Popular articles
- Kyle Stowers has career
- Netflix fans blast new rom
- China's top diplomat holds talks with Brunei's second minister of foreign affairs
- Palestinians mark 76th anniversary of Nakba amid ongoing conflict with Israel
- Reaction to the death of Bill Walton, the Hall of Famer who died Monday
- NASA to launch new mission to study polar regions' heat emissions
Latest articles
New Caledonia: France lifts state of emergency in effort to allow political dialogue
F1 marks 30th anniversary of Senna's death at Imola and Norris tries to follow up Miami win
Residents forced out of Canada's oil sands hub by wildfire cleared to return, officials say
Tunisians stage anti
Popular California beach closed after shark bumped surfer off his board
Netflix fans blast new rom
LINKS
- Netanyahu uses Holocaust ceremony to brush off international pressure against Gaza offensive
- José Ramírez breaks Larry Doby’s team record for go
- Man recreates 20
- Netanyahu uses Holocaust ceremony to brush off international pressure against Gaza offensive
- Boeing calls off Starliner launch due to rocket issue
- China nurtures unicorn enterprises via sci
- Netanyahu uses Holocaust ceremony to brush off international pressure against Gaza offensive
- Celebrity birthdays for the week of May 12
- DR MAX PEMBERTON: We need more female doctors in the NHS... but there is a downside
- Harper homers, Wheeler strikes out 11 as Phillies complete 4