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On October 9, the Central Committee of the Communist Party of China and the State Council jointly released the Opinions on Fostering New Quality Productive Forces, stressing that cultivating such forces is crucial for driving high-quality development. To achieve this, the document calls for accelerating breakthroughs in key core technologies, harnessing the strengths of China’s new national system, and launching high-standard development initiatives and industrial innovation projects for critical manufacturing chains in priority sectors. It underscores the need for holistic support across the entire industrial chain, all production factors, and the broader ecosystem. Additionally, it advocates implementing policies to encourage the adoption of first-of-a-kind (or first-batch) products, fostering continuous technological iteration and advancement.
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