China’s Vice-Premier He Lifeng emphasized the importance of developing new quality productive forces to compete globally. He stressed the need for cooperation between the government and the market to drive innovation and prevent wastage of resources.
He highlighted the role of scientific and technological innovation in reshaping the global landscape and propelling competition with other major countries. He emphasized the market’s role in fostering technological and industrial innovation and called for a balance between government support and market-driven initiatives.
While acknowledging the growth of strategic emerging industries in China, He pointed out weaknesses in core technologies and regional planning. He pledged to create an open innovative ecosystem to attract top talent and resources from around the world.
He emphasized that developing new productive forces is crucial for maintaining China’s competitive edge amid global competition and external pressures. He urged continuous progress to avoid falling behind in industrial development.