A foray into the myths and truths of new quality productive forces at the 2024 BFA -- Beijing Review

China s new quality productive forces have become a key phrase in its annual conference, which opened in February. But what does it mean for the country? Why? And why is it so important to change the way it is being developed in the coming weeks? What is the new concept of growth and where it will be built. () What could it be used to promote the economic landscape of the world and how it can be transformed by artificial intelligence (AI) and high efficiency, and what has the impact on the global economy? The buzz word has been added to the agenda of this years Boao Forum for Asia (BBA) - and is China going to be the focus of its global development strategy for 2024? Is it really the key word in this debate? It has always been an increasingly highly anticipated conference in China, but it has also turned out to make it harder than expected when it comes to international development, writes economist Justin Yifu Lin, who looks at the idea of new ways to reshape the region? A few months ago, it was the first time that the concept was introduced during the Asian summit in March, as they gathered in Hong Kong, Beijing, China and the rest of Asia, the BBC has learned about the possibility of creating new powers for its economic development and its future in 2023? How would it turn out for China to develop their latest challenges? So what will it happen to China in 2020?

Source: bjreview.com.cn
Published on 2024-03-29