Local conditions key to development of nation's new forces

As a tech reporter, I am most impressed with one line in the resolution of the third plenary session of the 20th Central Committee of the Communist Party of China and that is: "to foster new quality productive forces in line with local conditions".

The line reflects an acknowledgment of the complexities and diverse conditions across different regions in China and emphasizes the need to tailor these efforts to local conditions. A particularly illustrative case is the development of China's semiconductor industry, as I have witnessed its ups and downs in the past decade, highlighting the necessity of this tailored approach.

The integrated circuit industry is a cornerstone of modern economies, serving as a strategic, foundational and leading sector. Recognizing its importance, China has implemented various policies to support and guide the healthy growth of its semiconductor industry. These policies have borne fruit, with the industry showing significant advancements in technology and an acceleration in the growth of domestic companies.