China’s green and digital innovation is injecting great momentum into its efforts to develop new quality productive forces and promote high-quality development.
The remarks were made by government officials, entrepreneurs and scholars at a sideline forum during the Boao Forum for Asia (BFA) Annual Conference 2024, underway in Boao in South China’s Hainan province from March 26 to 29.
New quality productive forces refer to advanced productivity freed from traditional economic growth modes and productivity development paths. It features high technology, high efficiency and high quality, and is in line with the new development philosophy.
Noting that the goal of new quality productive forces is aligned with the company’s growth strategy, Song Hailiang, chairman of the company, said at the sub-forum that innovation is the core driving force of new quality productive forces and an engine for China’s high-quality development.
The company has been actively pursuing innovation to develop new quality productive forces and foster new strategic industries, Song added. In 2023 alone, the company invested nearly 13 billion yuan ($1.83 billion) in research and development in power supply, power grid, new energy, energy storage, hydrogen energy, seawater desalination, and other fields.
https://www.chinadaily.com.cn/a/202403/28/WS66050cdea31082fc043bf311.html