New forces to drive economic growth

Strategic emerging industries expected to usher in broader development

China's sharpening focus on cultivating new quality productive forces and bolstering technological innovation will drive industrial upgrades and inject strong impetus into the country's economic growth, while offering immense business opportunities for investors both at home and abroad, said experts and company executives.

As the country is doubling down on its innovation-driven development strategy, they noted that strategic emerging industries and industries of the future are expected to usher in a broader space for development, while calling for efforts to boost innovation in cutting-edge and disruptive technologies, to foster new growth drivers and gain a competitive edge in an increasingly fierce international arena.

The country will establish a national venture capital guidance fund in the near future, with the goal of enhancing, strengthening and expanding innovative enterprises, said the National Development and Reform Commission during the just-concluded two sessions.