New Quality Productive Forces Promote and Facilitate High-quality Development

In September 2023, the concept of "new quality productive forces (NQPF)” was first mentioned by General Secretary Xi Jinping. Under the background that China is facing the bottleneck of high-quality development (HQD), this paper starts with the connotation of NQPF and HQD, and studies why it is inevitable for NQPF to promote HQD. Since both NQPF and HQD are relatively new concepts, there is a lack of relevant links and conclusions based on most of the research that has been conducted. This is also the origin of this article. This paper further analyzes the hindrance factors of the development of NQPF and HQD under the current situation. This paper finally concludes that the NQPF from the internal conditions to get rid of the traditional economic growth mode of two major aspects to promote high-quality development. This paper provides valuable insights for policymakers to design strategies that facilitate the integration of NQPF into China's economic structure, thereby accelerating the transition to sustainable and high-quality development.

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Publication Details

Journal
Highlights in Business Economics and Management
Published
2024-12-24
DOI
https://doi.org/10.54097/vk9jet43
Citations
4
Primary Topic
Economic Development and Digital Transformation
Type
article
Field-Weighted Citation Impact
3.31
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article

New Quality Productive Forces Promote and Facilitate High-quality Development

Tian Gao
4 citations
Highlights in Business Economics and Management
Economic Development and Digital Transformation
3.31
article

New Quality Productive Forces Promote and Facilitate High-quality Development

Tian Gao
article en
4 citations

Abstract

In September 2023, the concept of "new quality productive forces (NQPF)” was first mentioned by General Secretary Xi Jinping. Under the background that China is facing the bottleneck of high-quality development (HQD), this paper starts with the connotation of NQPF and HQD, and studies why it is inevitable for NQPF to promote HQD. Since both NQPF and HQD are relatively new concepts, there is a lack of relevant links and conclusions based on most of the research that has been conducted. This is also the origin of this article. This paper further analyzes the hindrance factors of the development of NQPF and HQD under the current situation. This paper finally concludes that the NQPF from the internal conditions to get rid of the traditional economic growth mode of two major aspects to promote high-quality development. This paper provides valuable insights for policymakers to design strategies that facilitate the integration of NQPF into China's economic structure, thereby accelerating the transition to sustainable and high-quality development.

Highlights in Business Economics and ManagementVol. 45
University of International Business and Economics (CN), China Agricultural University (CN)
Openalex Percentile: Top 7%
Economic Development and Digital Transformation
3.31
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