Development of the Concept of New Quality Productive Forces and the Practice of Its Implementation in China

The article is devoted to a new stage in the development of Chinese economic reform – the transition to the accelerated development of new-quality productive forces. It is proved thatn the implementation of the ongoing economic reform in China, two main phases can be distinguished the abandonment of the command management system and the transition to the era of innovative development. The main Chinese concepts leading to the promotion of a new strategy are analyzed: "double circulation", "new development architectonics". Within the framework of this policy, a course based on the internal cycle is conducted with special attention to the external circuit in double circulation. The concept of the formation and use of productive forces of a new quality is being implemented. The objective reasons for advancing the accelerated development of new-quality productive forces, possible achievements and problems are shown. The use of new-quality productive forces should help reduce the demand for natural resources with an emphasis on ecology and non-renewable energy sources. Based on this, a new development model is being formed. As an example, Chinese researchers cite the rapidly developing digital economy in the country, which relies more on new technologies and a database of big data.