China News Service, Beijing, March 9 (Reporter Wu Jiaju) "New quality productivity is becoming a powerful engine for China to fully promote high-quality economic development" "The development of new quality productivity will inject new impetus into China's economic recovery"... Accepting When interviewed by Xinwang reporters, the term "new quality productivity" attracted the attention of many foreign-funded enterprises.
Achievements have been achieved and the future is promising
"Vigorously promote the construction of a modern industrial system and accelerate the development of new productive forces."
The 2024 Chinese Government Work Report includes “accelerating the development of new productive forces” as an annual government work task.
Song Weiqun, Global Senior Vice President and Chairman of Johnson & Johnson China, told Sino-Singapore Finance, "'Accelerating the development of new productive forces' is not only a hot topic during China's two sessions, but also an important starting point for China to promote high-quality development and a new driving force for economic growth."
Dai Pu, co-president of the Roland Berger Global Management Committee, said in an interview with Sino-Singapore Finance that the term "new productivity" shows that the Chinese government and industry are making strategic changes to modern and sustainable economic growth and development methods.
"It is concentrated in several key aspects such as industrial modernization, digitization, automation, technological innovation, climate compatibility productivity, added value, and high quality standards." Dai Pu said that technological innovation is the core of developing new productive forces and will provide great benefits to China. Bring about disruptive changes in the economy.
Bai Ruiming, chief commercial officer of Rio Tinto Group, said that China's economy will continue to benefit from reforms and promote Chinese-style modernization through industrial upgrading, high-tech development and green initiatives.
According to the official statement, new quality productivity is contemporary advanced productivity spawned by technological revolutionary breakthroughs, innovative allocation of production factors, and in-depth industrial transformation and upgrading. It is based on the qualitative transformation of workers, labor materials, labor objects, and their optimized combination. , with the improvement of total factor productivity as the core symbol.
According to Xiao Song, Global Executive Vice President of Siemens and Chairman, President and CEO of Siemens China, currently, new productivity is becoming a powerful engine for China to fully promote high-quality economic development.
"China has achieved some results in accelerating the development of new productive forces." Bloomberg analysis pointed out that in 2023, China will replace Japan and become the world's largest automobile exporter.
That same year, China added a record amount of new solar capacity, more than the total installed solar panels in the United States.
Dai Pu also believes that China has achieved leapfrog development in some new fields, such as electric vehicles, energy storage, aerospace, solar photovoltaics, wind energy, etc.
“In the future, we may see similar patterns in healthcare, new materials, or artificial intelligence.”
Disruptive changes bring new business growth points to enterprises
In the view of many foreign company executives, China's accelerated development of new productive forces is in line with the company's own development strategy and also means bringing broad market opportunities.
"The development of new productivity provides Siemens with broad market opportunities and new business growth points." Xiao Song said that Siemens will rely on the "two-wheel drive" of deep integration of digitalization and low-carbonization to use new technologies, new models, and new business formats. Accelerate the cultivation of new productive forces in China and achieve high-quality economic development.
"In Johnson & Johnson's global business landscape, China is not only one of the fastest-growing markets, but also a brand-new strategic market for innovation." Song Weiqun pointed out, "The Chinese government has proposed to accelerate the development of new productive forces and lead the construction of a modern industrial system with technological innovation. It will further promote innovative breakthroughs in the medical and health industry and bring a qualitative leap to the development of the entire industry."
"GE Healthcare China will focus on the two main lines of energy efficiency to promote the implementation of new productivity in the clinic." Zhang Yihao, Global Executive Vice President of GE Healthcare and President and CEO of GE Healthcare China, said that in terms of innovation, GE Healthcare will be in the next three years. China's R&D investment will double again, the output of innovative results will accelerate, and it will continue to connect top universities and scientific research institutions at home and abroad.
"Based on the new local ownership structure, we will increase investment in industrial chain projects, fully integrate into China's innovation ecology, and use digitalization to create our own 'new quality productivity'." said Zhang Jiayin, CEO of McDonald's China.
"The proposal of new quality productivity not only represents China's higher pursuit of economic growth quality and efficiency, but also reflects forward-looking thinking about future labor market changes." Wang Qi, general manager of LinkedIn China, believes that the Chinese government has taken A series of measures to promote its healthy development, which are consistent with the concept of new productivity and aimed at improving the adaptability and competitiveness of the labor market.
"We believe that the development of new productive forces will inject new impetus into China's economic recovery and help enhance its core competitiveness on the global stage," Bai Ruiming said.
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