The master key to "system upgrade" of China's economy, Ruler Jinsheng | New Quality Productivity

If you want to understand the current Chinese economy, new productivity is a term that cannot be avoided.

The Civil Aviation Administration of China issued the world's first production license for unmanned manned aircraft; the People's Bank of China established a re-loan for technological innovation and technological transformation with a quota of 500 billion yuan; the Ministry of Industry and Information Technology proposed to create major demonstration projects to promote the transformation of traditional industries upgrade……

Each of the above measures is an exploration of China's economy to accelerate the development of new productive forces. What kind of "power" is the new productivity? What impact will China's development of new productive forces have on China and the global economy?

Marxist economics shows that productivity is the decisive factor driving economic growth. New productivity is characterized by innovation, the key is high quality, and its essence is advanced productivity. Adhering to the guidance of innovation, developing new productive forces, and improving the overall productivity level will build up momentum for China's economy to stride towards high-quality development and reach a new level.

As we all know, high-quality development is China’s top priority in building a modern socialist country in an all-round way. If high-quality development is compared to a set of rooms, new quality productivity is the master key. Grasping the master key opens up new space for development.

At present, relevant statistics on new productivity are incomplete, but we can get a glimpse of the role and contribution of new productivity from the development and contributions of strategic emerging industries, new generation information technology industries and other industries that are closely related to new productivity. contribute.

From 2014 to 2023, the growth value of China's new generation information technology industry increased from 8.2% to 8.4% of GDP, driving economic growth by an average of 0.7 percentage points annually; the added value of strategic emerging industries accounted for 13% of GDP from 7.6% Above; the proportion of the digital economy in GDP has increased from 21.6% to 41.5%, and is expected to reach 60% by 2027. Currently, China’s digital economy ranks second in the world.

New quality productivity has strong thrust, great effect and obvious results. How will China develop new productive forces and make good use of this master key?

In economics, production relations must adapt to the requirements of productivity development, and the development of new productive forces must also adapt to regional conditions. Throughout the development process of China's economy, "adapting measures to local conditions" is a methodology that runs throughout it.

Guiyang City, Guizhou Province on the Yunnan-Guizhou Plateau, relies on its climate and regional advantages to vigorously develop the digital economy. In 2023, the transaction volume of big data has exceeded 2 billion yuan, an increase of 400%.

Yibin City, Sichuan, on the upper reaches of the Yangtze River, relies on its transportation advantages and green electricity advantages to build a power battery capital and build an entire industry chain ecosystem from raw materials and components to battery cells, complete vehicles, and waste battery recycling.

Fuqing City, Fujian Province, on the coast of the East China Sea, relies on its marine wind endowment advantages to attract upstream companies to settle in with application scenarios and focus on developing offshore wind power clusters.

Historical practice tells us: "A key opens a lock." Different regions have different development stages, different resource endowments, different industrial levels, different advantages and shortcomings, and the industries they are suitable for and the roles they assume are also different.

The same is true for developing new productive forces. China has a vast territory with considerable regional differences. The development of new productive forces cannot be uniform or uniform. Instead, we must seek truth from facts, give full play to our comparative advantages, and develop each country's strengths according to the times and circumstances.

For areas where traditional industries are concentrated, accelerating the development of new productive forces does not mean simply "abandoning the old and welcoming the new" and investing resources in emerging industries that are "out of touch" and "untouchable" under their own development conditions. Instead, we must use technological progress to promote the transformation and upgrading of traditional industries and create new vitality.

For the eastern coastal region, it has rich human resources, strong scientific research strength, and complete industrial system. Whether it is cultivating and strengthening emerging industries such as new generation information technology, new energy, and new materials, or deploying humanoid robots, future displays, future networks, etc. Future industries all have a good foundation for development.

At the same time, as the world's second largest economy, China's new productive forces will also inject new momentum into global development. By adhering to the leadership of innovation and accelerating the development of new productive forces, various regions in China will contribute more and more scientific and technological achievements to the world, promote the transformation of global innovation into productive forces, and realize the industrialization and marketization of scientific and technological achievements.

China's economy is a vast ocean. We expect that all regions will proceed from reality and adapt to local conditions, explore unique development models, develop new productive forces in a differentiated manner, sing a "concerto", breed new momentum, and explore new depths.