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China new economic development shift unleashed

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Two sessions 2024 have made global waves by unleashing China’s new economic shift from traditional development models to new quality productive forces to shape up future industrial and manufactural systems that will help realize the dream of all-inclusive modern China on the face of earth.

In the backdrop of fast-evolving triers of developments when global powers have been grappling to set the direction to align with artificial intelligence technologies, cutting-edge big data, high-tech green growth and quantum science, China has come forward with conspicuous plan to unlock next stage economic transition.

Indeed, credit goes to NPC lawmakers and CPPCC advisors for outlining “out of box game-changing strategy having gathered at globally-important two sessions held here, GP reported on Friday.

As per the breadth and depth of innovative economic paradigm, new quality productive forces suggest advanced productivity that is free from traditional economic growth models and productivity development stages.

It constitutes high technology, high efficiency and high quality, and recalibrate with the new development philosophy. Unorthodox technological breakthroughs, astute allocation of production factors, deep industrial transformation and upgrading are the driving forces.

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