‘New quality productive forces’ drive does not mean casting traditional industries aside, party journal says, urging localities to be prudent.

Developing China’s “new quality productive forces” – a growth model championed by Beijing that emphasises technological breakthroughs and industrial upgrades – does not mean abandoning traditional industries, but rather integration and transformation through innovation, according to the ruling Communist Party’s leading theoretical journal. The sustained driving force for economic growth comes from both fostering emerging industries and upgrading traditional ones – a dual-pronged push that must…

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