Consumption upgrade boosts new productive forces

In the pursuit of economic growth, enhancing productivity is of crucial importance. New productive forces, grounded in cutting-edge technologies and emerging industries, serve as a novel force driving output. The development of such productivity is driven not only by the intrinsic demand for China's economic transformation and high-quality development but also from the external pressures due to the fast-changing global economic landscape.

To harness new productive forces, therefore, we need a synergistic alignment with the evolving needs of the people to foster a virtuous cycle of supply and demand.

It is important to assert here that new productive forces are the organic integration of new technologies, pathways and industries.