New Observations on Made in China: Seeking New Quality Productivity from New Industries

Release time:Apr 16, 2024 21:19 PM

This new vocabulary that leaps into the public's view affirms the new driving force behind the development of new industries, defines the decisive force in promoting economic development in the new era, and points out the main direction of high-quality economic development in China.

The core of new quality productivity lies in innovation. Unlike traditional productive forces, new quality productive forces are driven by technological innovation, led by new industries, oriented towards industrial upgrading, and aimed at enhancing core competitiveness. They integrate digital technologies such as artificial intelligence and big data, emphasizing the inherent quality of development. In stimulating quality, efficiency, and driving force changes, they have embarked on a new growth path with low input of production factors, high resource allocation efficiency, low resource and environmental costs, and good economic and social benefits. Developing new quality productive forces is a key move to seize the historical opportunities of the new technological revolution, systematically reconstruct the industrial system, grasp the initiative of future development, and shape new international competitive advantages.

The new industries spurred by new technologies are nurturing enormous new quality productivity. The Ministry of Industry and Information Technology and four other departments recently issued the Implementation Plan for the Standardization Navigation Engineering of New Industries, aiming to improve the technical level and internationalization level of new industry standards, and provide solid technical support for accelerating the high-quality development of new industries and building a modern industrial system. The new industries among them are emerging industries and future industries, both of which have characteristics such as active innovation, intensive technology, and broad development prospects, which are related to the overall development of the national economy and society, as well as the optimization and upgrading of industrial structure.

Today's future industries may be tomorrow's emerging industries. The central government and relevant departments have repeatedly emphasized the cultivation and growth of emerging industries, and the forward-looking layout of future industries. The difference in terminology lies in the fact that emerging industries are relatively certain industries that can have a significant leading and driving effect on the overall economic and social development and long-term development. They often have a certain industrial scale and a fast growth rate, such as new generation information technology, new materials, new energy vehicles, etc. The future industry is a development trend, still in its infancy or incubation stage, with greater uncertainty in industrial growth and longer cultivation cycles, such as brain computer interfaces, quantum information, and generative artificial intelligence. The future industry is characterized by disruptive technology and is likely to develop into emerging or even dominant industries. Prospective layout of future industries means taking the initiative and preparing for the continuation of emerging industries.

The importance of cultivating and strengthening emerging industries has become a universal consensus. Compared with traditional industries, emerging industries have characteristics such as high technological content, high added value, and resource intensification. They have great growth potential, good comprehensive benefits, and are more easily supported by factors and policies. They are areas that various regions are eager to layout. It should be noted that using new achievements and technologies to transform and enhance traditional industries can also extend to new industries, such as new materials and new energy vehicles. There are currently some places where there is a tendency to favor the new over the old, and even a one-sided belief that traditional industries are equivalent to backward industries. Little did they know that the demand for technology, equipment, and software in the transformation and upgrading of traditional industries has provided strong impetus for the development of emerging industries. At the same time, the development of emerging industries also heavily relies on the energy, raw materials, and components provided by traditional industries as support.

New Observations on Made in China: Seeking New Quality Productivity from New Industries

Prospective layout of future industries requires a clear understanding of concepts and cannot be rushed for quick success. Compared with developed countries, China's future industries face problems such as weak industrial infrastructure, high dependence on some key core technologies for external trade, and a lack of mature experience and policy guidance from Western countries. Due to the high investment, long return cycles, and uncertainty of future industries, it takes a long time to cultivate them, making it difficult to attract financial capital that tends to be short-term, flat, and fast. The development of future industries faces completely different choices from emerging and mature industries. Many places regard emerging industries that have already been launched locally as the layout of future industries, with insufficient understanding of the concept of future industries and a lack of forward-looking motivation.

Part of China's advanced industries have entered a stage of leading and running, and both emerging and future industries are important battlefields for great power competition. Actively carrying out forward-looking top-level design, respecting the laws of industrial development, creating an industrial ecological environment conducive to innovation, increasing R&D investment support, improving achievement conversion rate, enhancing original innovation ability, strengthening factor support, enhancing agglomeration effect, optimizing industrial layout, deepening international cooperation, can enhance the core competitiveness of emerging industries, seize the commanding heights of future industrial development, release more new quality productivity, and rebuild new advantages in China's development.

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