Last September, President Xi Jinping put forward the idea of “new quality productive forces (NQPF)” for the first time during an inspection tour to China’s northeast Heilongjiang province. Since then, he has elaborated on the concept at several occasions, which quickly became a buzzword, especially during this year’s “two sessions” (China’s parliamentary sessions), riveting the attention of global China watchers.
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New quality productive forces crucial to China’s economic landscape
What is NQPF then? Essentially, it is about productivity led by technological innovation that breaks away from the traditional mode of growth and development pathway. In recent years, localities across China have turned to local strengths to boost their innovation capabilities, generating new industries, new business models, and new growth drivers. For example, Jinzhou, an old industrial city in northeast Liaoning province, has found new growth momentum in the transformation and upgrading of traditional industries, while Changzhou city in the coastal Jiangsu province has joined the “Trillion Yuan GDP Club” through smart manufacturing and new energy.
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Anji, once a polluted mountainous city in Zhejiang province, has turned conservation into ecotourism opportunities and made lucid waters and lush mountains its calling card. And Shenzhen, a symbol of China’s reform and opening-up miracle, has been pioneering the country’s transition from “high-speed” to “high-quality” growth by integrating clusters of emerging industries. Fruitful results achieved by these four localities may offer a glimpse into how China endeavors to cultivate NQPF by taking advantage of the latest round of technological revolution and industrial transformation, as well as China’s firm commitment to high-quality development driven by innovation.
