Government Focuses on Accelerating Development of New Productive Forces in 2024
In this year’s government work report, the top priority for the government’s work tasks in 2024 is to “vigorously promote the construction of a modern industrial system and accelerate the development of new productive forces.” To achieve this goal, state-owned and central enterprises are implementing measures to accelerate the development of new productive forces.
According to recent statements from the State-owned Assets Supervision and Administration Commission of the State Council, technology sources, industrial upgrading, and industrial ecology are key directions for development. The Commission has emphasized the importance of implementing effective measures to develop new productive forces, improving business performance assessment guidance, and mobilizing corporate leaders and scientific talents to work towards the same direction.
Many central enterprises have outlined their strategies for laying out strategic emerging industries and future industries. For example, Sinochem Agriculture has introduced a digital agriculture system called “MAP Smart Farming” APP, which has been instrumental in helping farmers like Liu Daoguang in Shandong Province improve their agricultural production efficiency.
Chairman and Party Secretary of Sinochem, Li Fanrong, highlighted the importance of accelerating the application of innovation and technology in agriculture to lead the high-quality development of the sector. He emphasized the role of digital agriculture in ushering in a new era of development opportunities.
Central enterprises are also increasing investments in research and development to achieve landmark results and strengthen cooperation with innovation entities. The State-owned Assets Supervision and Administration Commission has launched initiatives to promote the development of strategic emerging industries and accelerate the construction of future industry clusters.
In order to cultivate new productive forces, it is essential to promote corresponding reforms and establish new production relations compatible with them. The Commission has proposed assessment and incentive measures for companies undertaking functional and mission-type tasks, as well as improving the internal assessment system for subsidiaries involved in innovative enterprises and new industries.
Overall, the focus on accelerating the development of new productive forces in 2024 demonstrates the government’s commitment to promoting high-quality development and innovation in various sectors. Central enterprises are playing a crucial role in driving technological advancements and strategic industry upgrades to meet the challenges of the future.