Shift toward new engines of growth underway

This photo taken on July 7, 2022, shows robotic arms made by industrial robot manufacturer KUKA at its factory owned by Chinese home appliances giant Midea Group in Foshan, in China's southern Guangdong province. (Photo by Jade GAO / AFP)

A sustained focus on supporting innovation in strategic emerging sectors, future industries and traditional industries will be high on the agenda as China advances its economic structural reforms, which are aimed at fostering new quality productive forces and driving a shift from old growth drivers to new ones, economists and entrepreneurs said.

Economists said the new quality productive forces will serve as a key driver for boosting the country's economic growth in the coming years, which will help offset the real estate downturn, accelerate the building of a modern industrial system and promote high-quality development in the long run.