Accelerating the Development of New Quality Productive Forces to Forge a New Path in New Industrialization

The article by Jin Zhuanglong, Minister and Secretary of the CPC Leadership Group of the Ministry of Industry and Information Technology, was published in this year's 11th issue of Qiushi Journal. It emphasizes that it is imperative to study and implement the guiding principles of General Secretary Xi Jinping's important expositions on developing new quality productive forces. To effectively accomplish new industrialization, we should accelerate the development of new quality productive forces and promote high-quality development, thus providing a solid material and technological foundation for Chinese modernization.

Since 2023, General Secretary Xi Jinping has put forward a series of important expositions concerning new quality productive forces and provided thorough answers to the major theoretical and practical questions of what new quality productive forces are, why they should be developed, and how this should be done.

These statements on this idea, as a further enrichment of Xi Jinping's economic thought, have provided new insights for the CPC's understanding of the laws underlying productivity development. They have made original contributions to the development of Marxist theories on productivity and served as an action guide and fundamental principles for advancing new industrialization.

The report to the 20th National Congress announced that in pursuing economic growth, we must continue to focus on the real economy.

We will advance new industrialization and move faster to boost China's strength in manufacturing. On the new journey in the new era, we must align our thoughts and actions with the guiding principles of General Secretary Xi Jinping's important speeches and the decisions of the CPC Central Committee, and focus on our primary task of high-quality development.

Through coordinated efforts to promote transformation and innovation in industries and enterprises, we will accelerate the development of new quality productive forces, and foster new growth drivers and new strengths, which can help our industries move faster to the medium-high end of the global value chain and thus open up new frontiers for new industrialization.

Production relations must be adapted to the requirements of the development of productive forces. Xi Jinping emphasizes that “to develop new quality productive forces, we must deepen reform, with a view to fostering a new set of well-adapted production relations.”

We must seek impetus from reform and vitality from opening up, while vigorously promoting institutional innovations and facilitating a better integration of an efficient market and a capable government. Through our efforts to clear away obstacles and bottlenecks that restrain the development of new quality productive forces, we will enhance resource allocation efficiency and improve the industrial governance system. Benefiting from this, a favorable environment for development will be fostered, in which smooth flow of advanced and high-quality production factors into the development of new quality productive forces is ensured, and a powerful engine for fostering new quality productive forces and advancing new industrialization will be provided.

Editor: Yi Xiaowei