Paradigm shift driving future growth

Editor's note: By developing new quality productive forces, China can seize the opportunities created by the technological revolution and industrial transformation. Three experts share their views on the issue with China Daily.

In a crucial speech on the importance of developing new quality productive forces to drive high-quality economic growth, President Xi Jinping said that traditional industries should not be abandoned but rather upgraded. He emphasized the importance of not neglecting traditional industries, and warned against bolstering new quality productive forces in a way that would create economic bubbles.

Traditional industries are not synonymous with backwardness. Their longevity signifies the significant role they have played in the rapid development of China. For instance, agriculture is a traditional industry, but it is by no means outdated. A poor harvest can lead to disastrous consequences, including famine.