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A solar power plant in Ningxia Hui Autonomous Region.(PHOTO: VCG) |
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The domestically produced C919 jet at a flight convention in Jiangxi province.(PHOTO: VCG) |
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Shidaowan Nuclear Power Plant is the world's first 4th generation nuclear power plant.(PHOTO: VCG) |
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Sunway TaihuLight located in Jiangsu, is one of the world's fastest supercomputers.(PHOTO: VCG) |
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An automated-line produces lithium batteries in Yongzhou, Hunan province.(PHOTO: VCG) |
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Electric vehicles are assembled in Nanchang, Jiangxi province.(PHOTO: VCG) |
In the face of the global economic uncertainty, China's high-quality development and new quality productive forces are among the hot topics at this year's Two Sessions.
China's economy grew by 5.2 percent last year, matching the official target of around five percent, CNBC reported on March 4.
In recent years, Beijing has been pushing for high-quality growth. In 2024, the target is economic growth of around five percent, exceeding the expectations of some international institutions.
Chinese development success offers a great opportunity for the world economy, Badiea Shaukat, a Pakistani economic expert from the Sustainable Development Policy Institute told Xinhua, adding that China has been seizing opportunities such as new energy and digitization and shift toward high-quality development.
The world is full of expectations for China's development in 2024, Fernando Lugris, Uruguayan Ambassador to China, said in an interview with Xinhua.
It is the world's second-largest economy's projected confidence, said The Wall Street Journal.
The concept of "new quality productive forces" has provided fresh hope and impetus for China to speed up its economic transformation.
"The new quality productive forces in China are no doubt a success story in some respects," said Bloomberg, such as China displacing Japan as the world's top vehicle exporter in 2023 and the installation of solar panels reaching a record high.
Many media headlines said, "China plans for 2024 prioritize technology." According to the 2024 Government Work Report, China will step up research on disruptive and frontier technologies, develop emerging industries including quantum computing, and continue striving for self-reliance and strength in technology.
With innovation playing a leading role, new quality productive forces feature high-tech, high efficiency and high quality, which is in line with the new development philosophy.
According to Italy's Agenzia Nova online news bulletin, new quality productive forces are "fundamental to promote self-sufficiency in science and technology."