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On March 24, Zheng Shanjie, director of the National Development and Reform Commission, said at the 2024 Annual Meeting of the China Development Forum that as an important source of growth in the world economy, China actively cultivates and develops new productive forces, which can not only develop itself, but also inject more and stronger impetus into the recovery and growth of the world economy. The National Development and Reform Commission will continue to take practical measures to accelerate the development of new productive forces.
First, we will lead industrial innovation with scientific and technological innovation. We will accelerate the building of our innovation capabilities, implement a number of major scientific and technological projects, and strengthen the principal role of enterprises in scientific and technological innovation. We will speed up the transformation and upgrading of traditional industries, implement the action plan to enhance the core competitiveness of the manufacturing industry, and the project of technological upgrading, and promote the high-end, intelligent, and green development of the manufacturing industry. We will accelerate the cultivation and growth of emerging industries, promote the deep integration of digital technology and the real economy, and the integration of advanced manufacturing and modern services, and implement the "data element ×" action plan to create new growth engines such as bio-manufacturing, commercial aerospace, new materials, and low-altitude economy. We will accelerate the deployment of future industries, open up new tracks such as quantum technology and life sciences, and carry out the "artificial intelligence +" action.
Second, we will promote institutional and mechanism innovation. We will further improve the market-based fundamental system, formulate guidelines for the construction of a unified national market, and release the new version of the negative list for market access. We will further optimize the business environment, improve the regular communication and exchange mechanism with enterprises, and implement the action plan to improve the business environment. We will further promote the green and low-carbon transformation, strengthen the green manufacturing industry, develop the green service industry, and expand the green energy industry, and build a green, low-carbon, and circular economic system.
Third, we will expand high-level opening to the outside world. We will strengthen international scientific and technological cooperation, support foreign-funded scientific and technological enterprises to conduct joint scientific and technological research with domestic research institutions or enterprises, and further implement the "Belt and Road Initiative" scientific and technological innovation action plan. We will strengthen personnel exchange and cooperation, further improve the convenience of the flow of Chinese and foreign personnel, and provide convenience for foreign personnel to work, study, and travel in China. We will strengthen investment and trade cooperation, steadily expand institutional opening-up, further promote the high-level opening-up of cross-border trade in services and investment, increase the introduction of foreign capital, accelerate the introduction of the 2024 version of the negative list for foreign investment access, further expand market access for digital products, and vigorously promote the development, opening up, and circulation of data.
Zheng Shanjie pointed out that China's determination to open up will not change, and the pace of development will not stop.
On March 24th, Zheng Shanjie, the director of the National Development and Reform Commission, attended the annual meeting of the China Development Forum 2024 and delivered a speech titled "Actively Cultivate and Develop New Qualitative Productive Forces to Promote High-Quality Economic Development", pointing out that China's cultivation and development of new qualitative productive forces and the promotion of high-quality development will create more development opportunities. Going along with China means going along with opportunities, and investing in China means winning the future.
Regarding the macroeconomic situation, Zheng Shanjie pointed out that in the past year, China's economy has moved forward like a rolling stone up a hill and over a ridge in terms of stable growth, structural adjustment, increased momentum, and risk prevention. It has shown characteristics such as a recovery in growth rate, an improvement in structure, and an increase in quality. The economic recovery and improvement have achieved new results, new steps have been taken in economic structural adjustment, and new breakthroughs have been made in the cultivation of economic momentum. From the perspective of the economic operation this year, with the continuous efforts of macro policies to show their effects, China's economy has got off to a good start, with stable production, continuous recovery in demand, continued improvement in leading indicators, and we have the confidence, ability, conditions, and confidence to achieve the main expected goals of economic and social development. Regarding the development dividends of China, Zheng Shanjie believes that China's cultivation and development of new quality productive forces and the promotion of high-quality development will provide infinite possible market opportunities and extremely broad development prospects for domestic and foreign investors.
First, the Chinese market offers a massive demand.The ever-growing diverse and high-end consumption demands of Chinese residents, as well as the massive market demands brought about by new industrialization and urbanization, equipment upgrading and replacement, and the comprehensive transformation from dual control of energy consumption to dual control of carbon emissions, create huge development dividends for both Chinese and foreign enterprises.
Second, Chinese manufacturing stabilizes the global supply and demand. China has the most complete industrial system in the world, with complete soft and hard infrastructure, abundant human resources, enhanced innovation capabilities, and rich application scenarios, which enables it to respond quickly to changes in global supply and demand with its scale and cost advantages. Whether it is the upstream, midstream, or downstream of the industrial chain, or labor-intensive, technology-intensive, and capital-intensive industries, or traditional, emerging, and future industries, ideal partners can be found in China.
Third, Chinese innovation creates huge business opportunities. China is promoting in-depth reform, high-level opening up, and all-round innovation, accelerating the construction of a modern industrial system supported by advanced manufacturing, and promoting the accelerated transformation of new and old driving forces. A large number of new market demands, new investment opportunities, and new cooperation projects will emerge, providing broad space for all kinds of enterprises to achieve mutual benefit and win-win development in China. Regarding the development of new-quality productive forces, Zheng Shanjie said that as an important source of growth in the world economy, China actively cultivates and develops new-quality productive forces, which will not only develop itself, but also inject more and stronger impetus into the recovery and growth of the world economy.
The National Development and Reform Commission will continue to take practical measures to accelerate the development of new productive forces. First, we will lead industrial innovation with scientific and technological innovation. We will accelerate the building of innovation capabilities, implement a number of major scientific and technological projects, and strengthen the dominant position of enterprises in scientific and technological innovation. We will accelerate the transformation and upgrading of traditional industries, implement the action to enhance the core competitiveness of the manufacturing industry, and the project of technological transformation and upgrading, and promote the high-end, intelligent, and green development of the manufacturing industry.
We will accelerate the cultivation and growth of emerging industries, promote the deep integration of digital technology and the real economy, and the integration of advanced manufacturing and modern services, implement the "data element ×" action plan, and create new growth engines such as bio-manufacturing, commercial aerospace, new materials, and low-altitude economy. We will accelerate the layout of future industries, open up new tracks such as quantum technology and life sciences, and carry out the "artificial intelligence +" action.
Secondly, we will promote institutional and mechanism innovation.We will further improve the basic market system, formulate guidelines for the construction of a national unified large market, and release the new version of the negative list for market access. We will further optimize the business environment, improve the normal communication and exchange mechanism with enterprises, and implement actions to improve and enhance the business environment. We will further promote the green and low-carbon transformation, strengthen the green manufacturing industry, develop the green service industry, and expand the green energy industry, and build a green, low-carbon, and circular economic system.
Thirdly, we will expand high-level opening up to the outside world. We will strengthen international scientific and technological cooperation, support foreign-funded technology enterprises to conduct joint scientific and technological research with domestic research institutions or enterprises, and further implement the "Belt and Road Initiative" scientific and technological innovation action plan. We will strengthen personnel exchanges and cooperation, further improve the convenience of the exchange of Chinese and foreign personnel, and provide convenience for foreign personnel to work, study, and travel in China. We will strengthen investment and economic and trade cooperation, steadily expand institutional opening up, further promote the high-level opening up of cross-border trade in services and investment, attract more foreign investment, expedite the introduction of the 2024 version of the negative list for foreign investment access, further expand market access for digital products, and vigorously promote the development, opening up, and circulation and use of data. Zheng Shanjie pointed out that China's determination to open up will not change, and the pace of development will not stop; China will not only strive to develop itself, but also be willing to work together with everyone. Old and new friends are welcome to visit various places in China more often, discover more cooperation opportunities and projects, jointly participate in the construction of Chinese-style modernization, and share the tremendous opportunities brought about by China's high-quality development.
