New quality productive forces boost MNCs

China's focus on advancing its high-end manufacturing sector and fostering new quality productive forces will generate fresh growth points for multinational corporations, making the global economy and supply chains even greener and diversified, said top executives of foreign industrial and technology conglomerates.

At the China Development Forum, which was held in Beijing from Sunday to Monday, they noted that in the context of a rapidly changing global economy, green and strategic emerging industries are poised to strengthen new quality productive forces and drive innovation. These industries are seen as key indicators of the direction of the latest technological revolution and industrial transformation.

New quality productive forces refers to advanced productivity freed from traditional economic growth modes and productivity development paths. It features high-tech, high efficiency and high quality, and is in line with the new development philosophy.