Zheng Zhajie, Director of the National Development and Reform Commission

■ China Economic Times reporter Guo Jinhui

On March 24, Zheng Zhajie, Director of the National Development and Reform Commission, attended the 2024 Annual Meeting of the China Development Forum hosted by the Development Research Center of the State Council, and delivered a speech titled "Actively Cultivating and Developing New Quality Productive Forces and Promoting High-Quality Economic Development". He pointed out that China's cultivation and development of new productive forces and promotion of high-quality development will create more development opportunities. Walking with China is walking with opportunities, and investing in China will win the future.

Zheng Zhajie pointed out that China's determination to open up will not change, and the pace of development will not stop; China not only strives to develop itself, but is also willing to join hands with everyone. New and old friends are welcome to visit and take a look around China, discover more cooperation opportunities and projects, jointly participate in Chinese-style modernization, and share the huge opportunities brought by China's high-quality development.

China has the confidence, ability, conditions and confidence to achieve this year's economic and social development goals

Regarding the macroeconomic situation, Zheng Zhajie pointed out that in the past year, China's economy has been rolling mountains and climbing obstacles in the process of stabilizing growth, adjusting structure, increasing momentum, and preventing risks, showing characteristics such as rebound in growth rate, improving structure, and improving quality. New results have been achieved in economic recovery and recovery, new steps have been taken in economic structural adjustment, and new breakthroughs have been made in cultivating economic momentum.

Zheng Zhajie said that judging from this year's economic performance, as macro policies continue to be effective, China's economy has started well, production has risen steadily, demand has continued to recover, and leading indicators have continued to improve. We have the confidence, ability, conditions and confidence to achieve the main expected goals of economic and social development.

The Chinese market provides massive demand, Chinese manufacturing stabilizes global supply and demand, and Chinese innovation creates huge business opportunities

Regarding China's development dividends, Zheng Zhajie believes that China's cultivation and development of new productive forces and promotion of high-quality development will provide domestic and foreign investors with unlimited possible market opportunities and extremely broad development prospects.

First, the Chinese market provides massive demand. The diversified and high-end consumption demand of Chinese residents is increasing day by day. New industrialization and urbanization, equipment renewal, trade-in of consumer goods, and comprehensive transformation from dual control of energy consumption to dual control of carbon emissions have brought huge market demand, creating huge development dividends for Chinese and foreign companies.

Second, China manufactures stabilize global supply and demand. China has the most complete industrial system in the world, with complete soft and hard infrastructure, abundant human resources, improved innovation capabilities, and rich application scenarios. It can respond quickly to changes in global supply and demand with scale advantages and cost advantages. Whether it is the upper, middle and lower reaches of the industrial chain, labor-intensive, technology-intensive, capital-intensive industries, or traditional industries, emerging industries, or future industries, you can find ideal partners in China.

Third, China's innovation creates huge business opportunities. China is promoting deep-level reform, high-level opening up and all-round innovation, accelerating the construction of a modern industrial system supported by advanced manufacturing, and promoting the accelerated transformation of old and new driving forces. New market demands, new investment opportunities, and new cooperation projects will emerge in large numbers, providing a broad space for various enterprises to achieve mutual benefit and common development in China.

Three measures to accelerate the development of new productive forces

Regarding the development of new productive forces, Zheng Zhajie said that as an important source of power for world economic growth, China actively cultivates and develops new productive forces, which will not only develop itself, but will also inject more and stronger impetus into the recovery and growth of the world economy. The National Development and Reform Commission will continue to take pragmatic measures to accelerate the development of new productive forces.

The first is to lead industrial innovation with technological innovation. Accelerate the building of innovation capabilities, implement a number of major scientific and technological projects, and strengthen the dominant position of enterprises in scientific and technological innovation. Accelerate the transformation and upgrading of traditional industries, implement actions to improve the core competitiveness of the manufacturing industry and technological transformation and upgrading projects, and promote the high-end, intelligent and green development of the manufacturing industry. Accelerate the cultivation and expansion of emerging industries, promote the deep integration of digital technology and the real economy, the integration of advanced manufacturing and modern service industries, implement the "Data Element ×" action plan, and create new growth engines such as biomanufacturing, commercial aerospace, new materials, and low-altitude economy. Accelerate the layout of future industries, open up new tracks such as quantum technology and life sciences, and carry out the "artificial intelligence +" action.

The second is to promote innovation in systems and mechanisms. Further improve the basic market system, formulate national unified market construction standards and guidelines, and issue a new version of the negative list for market access. Further optimize the business environment, improve the regular communication mechanism with enterprises, and implement actions to improve the business environment. Further promote green and low-carbon transformation, strengthen green manufacturing, develop green service industries, strengthen green energy industries, and build a green and low-carbon circular economy system.

The third is to expand high-level opening up. Strengthen international scientific and technological cooperation, support foreign-funded science and technology enterprises to jointly carry out scientific and technological research with domestic scientific research institutions or enterprises, and thoroughly implement the "Belt and Road" scientific and technological innovation action plan. Strengthen personnel exchanges and cooperation, further improve the convenience of Chinese and foreign personnel exchanges, and provide convenience for foreign personnel to work, study and travel in China. Strengthen investment and economic cooperation, steadily expand institutional opening up, further promote high-level opening up of cross-border service trade and investment, make greater efforts to introduce foreign investment, accelerate the introduction of the 2024 version of the negative list for foreign investment access, continue to support the construction of a number of major foreign investment projects, Expand market access such as digital products, and vigorously promote the development, opening up and circulation of data.