New forces will bolster China’s supply chains
SHANGHAI: China’s emphasis on developing new quality productive forces and advanced manufacturing by giving a leading role to innovation will enhance the resilience and competitiveness of its industrial and supply chains.

It will also inject new impetus into the country’s long-term economic growth, said national legislators and industry experts on Tuesday.

The comments came as this year’s Government Work Report stated that China will strive to modernise its industrial system and develop new productive forces faster.

The country will also carry out technology transformation and upgrade its manufacturing sector, foster and build advanced manufacturing clusters, and develop national demonstration zones for new industrialisation – all to make traditional industries higher-end, smarter and more eco-friendly, the report said.

“Enterprises are the main force for bolstering technological innovation,” said Jia Shaoqian, a deputy to the 14th National People’s Congress, China’s top legislature.

“New quality productive forces can effectively move the manufacturing sector towards higher-end, smarter and greener production and improve the level of productivity.”

Jia, who is also chairman of the Chinese home appliance manufacturer Hisense Group, said developing new quality productive forces not only means upgrading and transforming traditional industries but also fostering strategic emerging industries and future-oriented industries.

According to him, Hisense is ramping up efforts to make innovations and breakthroughs in cutting-edge laser display technologies, as well as bolster the high-end transformation of home appliances.

Emerging industries and future-oriented industries, including new-generation information technology and humanoid robots, are the main battlefields for the development of new productive forces, Jia said.

His company has expanded its footprint in new sectors like integrated circuits, smart cities, intelligent transportation, optical communication and automotive electronics.

Zhou Yunjie, a deputy to the 14th NPC and chairman and chief executive officer of Chinese home appliance giant Haier Group, said the high-quality development of China’s manufacturing sector has entered the fast lane, and the industrial Internet has become an important engine for advancing new industrialisation.

It has played a pivotal role in bolstering industrial upgrade and transformation, accelerating technological innovation and promoting in-depth integration of the digital economy and the real economy, Zhou said.

He called for efforts to improve digital infrastructure and service systems, promote the development of an intelligent interactive engine, which is designed for companies to customise products by collecting and analysing data from consumers, and realise flexible manufacturing. — China Daily/ANN
Economy,China,NewQualityProductiveForces,AdvancedManufacturing,Innovation,IndustrialChains,SupplyChains,EconomicGrowth
China’s emphasis on developing new quality productive forces and advanced manufacturing by giving a leading role to innovation will enhance the resilience and competitiveness of its industrial and supply chains.