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New products, new industries, new investments, new infrastructure...... China's economy is moving towards a "new".

author:Chinese military horn

Source: CCTV news client

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General Secretary Xi Jinping emphasized that "the development of new quality productivity is an inherent requirement and an important focus to promote high-quality development, and we must continue to do a good job in innovation to accelerate the development of new quality productivity." "Since the beginning of this year, the mainland attaches great importance to the cultivation and development of new quality productivity, under a series of comprehensive system deployment of the state, all localities have introduced policies and measures to support enterprise innovation, accelerate industrial upgrading to form new quality productivity, and boost the mainland's economy to achieve a good start.

In the spring of China, from the production workshop to the research and development site, from the vast ocean to the vast space, the development of new quality productivity is surging everywhere.

New products, new industries, new investments, new infrastructure...... China's economy is moving towards a "new".

The latest statistics show that in the first quarter of this year, the added value of the mainland's high-tech manufacturing industry above designated size increased by 7.5 percent year-on-year, driving the added value of industrial enterprises above designated size to increase by 1.1 percentage points. Investment in high-tech manufacturing and high-tech services increased by 10.8 percent and 12.7 percent respectively, and the new quality productivity showed a strong driving force and support for high-quality economic development.

New products, new industries, new investments, new infrastructure...... China's economy is moving towards a "new".

General Secretary Xi Jinping has repeatedly emphasized the need to do a good job in developing new quality productive forces. General Secretary Xi Jinping has continuously expanded and deepened the theoretical connotation and practical requirements of developing new productive forces, from systematically expounding on the new productive forces when presiding over the collective study of the Political Bureau of the CPC Central Committee, to emphasizing "developing new productive forces in accordance with local conditions" at the National People's Congress and the National People's Congress and the National People's Congress (NPC). Not long ago, during his inspection in Hunan, General Secretary Xi Jinping once again emphasized that "we must lead industrial innovation with scientific and technological innovation, and actively cultivate and develop new quality productivity", and made new arrangements and put forward new requirements for the development of new quality productivity.

New products, new industries, new investments, new infrastructure...... China's economy is moving towards a "new".

Zhang Zhanbin, director of the Chinese Modernization Research Center of the Central Party School (National Academy of Administration): General Secretary Xi Jinping proposed that the new quality of productivity for the mainland's economic and social development has found a strong driving force guidance, from the first quarter of the national statistics, whether it is the proportion of manufacturing, the proportion of high-tech, but also the proportion of private capital investment, and even the proportion of consumption have increased compared with the past, which shows that market confidence is recovering, market expectations are improving, and new quality productivity provides strong new momentum for our economic growth.

Since the beginning of this year, the "Action Plan for Promoting Large-scale Equipment Renewal and Consumer Goods Trade-in" has launched a trillion-level large-scale market, and the RRR cut has released about 1 trillion yuan of long-term liquidity. With the continuous release of policy effects, new quality productivity has become the biggest driving force for China's economic transformation and high-quality development.

New products, new industries, new investments, new infrastructure...... China's economy is moving towards a "new".

The emergence of scientific and technological innovation achievements is accelerating. The first large-scale cruise ship in China started its first commercial voyage, the third-generation independent superconducting quantum computer was put into operation, and batches of major projects were frequently reported.

New momentum and new advantages continue to grow. General artificial intelligence, represented by large models, continues to iterate, big data, Internet of Things and other applications continue to develop, and industrial transformation and upgrading accelerates. Not long ago, FAW Group began to apply the newly developed large model to enterprise decision-making production.

New products, new industries, new investments, new infrastructure...... China's economy is moving towards a "new".

Menxin, General Manager of the Digital Department of China FAW System: Through digital transformation in the past few years, our overall R&D efficiency has increased by 50%, and the manufacturing cost of single vehicles has been reduced by more than 25%.

Rapid growth of new products and industries. Not long ago, this humanoid robot has achieved new applications in multiple scenarios such as industrial manufacturing; a new energy vehicle rolls off the assembly line every 53 seconds in the workshop, and a fully loaded ro-ro ship is ready to go at the port. In the first quarter of this year, various new products continued to grow rapidly, with service robots increasing by 26.7%, new energy vehicle production and sales increasing by 28.2% and 31.8% respectively, and exports increasing by 23.8%.

New products, new industries, new investments, new infrastructure...... China's economy is moving towards a "new".

The implementation of new investment and new infrastructure has been accelerated. The total number of 5G base stations exceeded 3.5 million, new infrastructure such as eastern and western computing, optical fiber communication and other infrastructure continued to accelerate, and the added value of the core industries of the digital economy will exceed 12 trillion yuan in 2023, accounting for about 10% of GDP.

New products, new industries, new investments, new infrastructure...... China's economy is moving towards a "new".

Sheng Chaoxun, director of the Strategic Policy Office of the China Macroeconomic Research Institute: The characteristics of the new quality productive forces are innovation, and the mainland's economic growth in the first quarter of this year is full of new ideas. The "new" in the first quarter highlights that we should focus more on the direction and key areas of new quality productivity such as originality and disruptive technological innovation in the next stage, improve the modern industrial system, and promote the rapid accumulation of innovation momentum and the continuous improvement of development quality.

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