Exploring China's Transition from Old to New Driving Forces -- From the Perspective of New Productive Forces

This paper explores Chinas transition from traditional growth drivers, such as manufacturing and investment, to new quality productive forces that emphasize innovation, technological advancement, and sustainability. Against the backdrop of diminishing returns from resource-intensive industries and rising global competition, China has strategically pivoted toward innovation-driven growth as a necessary path for long-term economic resilience. The research focuses on analyzing the role of new quality productive forces in driving this transition, with a particular emphasis on their impact on productivity, industrial upgrading, and sustainable development. Using a combination of qualitative analysis and case studies, this paper examines the technological innovations and policy initiatives that are reshaping Chinas economic landscape. The study includes an analysis of sectors such as renewable energy, telecommunications, and electric vehicles to illustrate how these new forces are transforming industries and creating new opportunities. The findings reveal that while the transition presents significant challenges, such as the need for large-scale workforce reskilling and managing technological disruptions, it also offers substantial opportunities for economic growth and global leadership. The study concludes that fostering new quality productive forces is essential for China to maintain its competitive edge in the digital economy and achieve sustainable, long-term growth.

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Publication Details

Journal
Advances in Economics Management and Political Sciences
Published
2024-12-26
DOI
https://doi.org/10.54254/2754-1169/2024.ld18576
Primary Topic
Economic Zones and Regional Development
Type
article
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article

Exploring China's Transition from Old to New Driving Forces -- From the Perspective of New Productive Forces

Zixin Zhu
Advances in Economics Management and Political Sciences
Economic Zones and Regional Development
article

Exploring China's Transition from Old to New Driving Forces -- From the Perspective of New Productive Forces

Zixin Zhu
article en

Abstract

This paper explores Chinas transition from traditional growth drivers, such as manufacturing and investment, to new quality productive forces that emphasize innovation, technological advancement, and sustainability. Against the backdrop of diminishing returns from resource-intensive industries and rising global competition, China has strategically pivoted toward innovation-driven growth as a necessary path for long-term economic resilience. The research focuses on analyzing the role of new quality productive forces in driving this transition, with a particular emphasis on their impact on productivity, industrial upgrading, and sustainable development. Using a combination of qualitative analysis and case studies, this paper examines the technological innovations and policy initiatives that are reshaping Chinas economic landscape. The study includes an analysis of sectors such as renewable energy, telecommunications, and electric vehicles to illustrate how these new forces are transforming industries and creating new opportunities. The findings reveal that while the transition presents significant challenges, such as the need for large-scale workforce reskilling and managing technological disruptions, it also offers substantial opportunities for economic growth and global leadership. The study concludes that fostering new quality productive forces is essential for China to maintain its competitive edge in the digital economy and achieve sustainable, long-term growth.

Advances in Economics Management and Political SciencesVol. 142(1)
New York University (US)
Industry, innovation and infrastructure
Openalex Percentile: Top 56%
Economic Zones and Regional Development
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Exploring China's Transition from Old to New Driving Forces -- From the Perspective of New Productive Forces — Zixin Zhu · Advances in Economics Management and Political Sciences (2024) | TGRS Research Map | TGRS