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China Pursues New Quality Productive Forces Through Innovation

03-29-2024

A report from Xinhua on Mar. 29th, 2024:


China’s green and digital innovation is injecting great momentum into its efforts to develop new quality productive forces and promote high-quality development.

The remarks were made by government officials, entrepreneurs and scholars at a sideline forum during the Boao Forum for Asia (BFA) Annual Conference 2024, underway in Boao in South China’s Hainan province from March 26 to 29.

New quality productive forces refer to advanced productivity freed from traditional economic growth modes and productivity development paths. It features high technology, high efficiency and high quality, and is in line with the new development philosophy.

In recent years, China has made vigorous efforts in green transition, injecting fresh impetus into its high-quality development while steadfastly pursuing its dual carbon goals of peaking carbon emissions by 2030 and reaching carbon neutrality by 2060.

China’s dual carbon goals have put forward new challenges to the science and technology innovation in the energy sector, Gao Xiang, an academician at the Chinese Academy of Engineering, said at the forum.

Gao added that under the vision of carbon neutrality in the future, the energy structure will undergo tremendous changes and new technologies will play a significant role in promoting energy and industry transition and achieving high-quality development.

To share the fruits of China’s high-quality development, Chinese companies have offered extensive expertise in industry development, technological cooperation and energy sharing to global partners.

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