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"Developing new productive forces" has become a recent catchphrase in China's policy-making, and is high among the priorities for this year's economic work. Besides traditional industries becoming smarter and more innovative, there is also the rapid development of strategic emerging industries and future industries such as new energy and quantum technology. How should we interpret the concept of "new productive forces"? And how will they change the landscape of China's economic structure and contribute to growth?
"Developing new productive forces" has become a recent catchphrase in China's policy-making, and is high among the priorities for this year's economic work. Besides traditional industries becoming smarter and more innovative, there is also the rapid development of strategic emerging industries and future industries such as new energy and quantum technology. How should we interpret the concept of "new productive forces"? And how will they change the landscape of China's economic structure and contribute to growth?