China's New Quality Productive Forces Policy: Key Takeaways and Implications

Sohee Park ()
Additional contact information
Sohee Park: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr/en

No 24-30, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: The concept of “New Quality Productive Forces” (新质生产力) (NQPF) was introduced by President Xi Jinping during his visit to Heilongjiang Province in Northeast China in September 2023 and has since emerged as a focal point in China’s economic and industrial policy. Since Xi’s visit to Heilongjiang, the concept of NQPF has since crystallized through major political meetings and policy documents, including the Central Economy Work Conference in December 2023, provincial government work reports released in January 2024, a government work report released during the Two Sessions in March, and the Third Plenary Session of the 20th Central Committee of the Communist Party in July. This paper examines the definition and background of NQPF, analyzes major NQPF policy documents, and identifies the implications carried by China’s NQPF policy for South Korea.

Keywords: China; Chinese industry; Chinese economy; New Quality Productive Forces; innovation; human capital; demographics; manufacturing; productivity; South Korea; KIET; 新质生产力 (search for similar items in EconPapers)
JEL-codes: F20 F21 L50 L52 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2024-12-31
New Economics Papers: this item is included in nep-cna and nep-his
References: Add references at CitEc
Citations:

Downloads: (external link)
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5132327 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:kieter:2024_030

Access Statistics for this paper

More papers in Industrial Economic Review from Korea Institute for Industrial Economics and Trade Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea. Contact information at EDIRC.
Bibliographic data for series maintained by Aaron Crossen ().