China’s Vice-Premier He Lifeng Promotes Diverse Industrial Strategies for Sustainable Growth

Tuesday, 30 July 2024, 13:30

Chinese Vice-Premier He Lifeng has emphasized the need for a multifaceted approach to industrial policy during challenging economic times. He cautioned against a one-size-fits-all model and urged stakeholders to avoid 'blindly' following trends. This strategy aims to cultivate new, quality productive forces that can drive sustainable growth in China's economy. As the country navigates these unprecedented challenges, adaptability and innovation will be key factors in shaping its industrial future.
South China Morning Post
China’s Vice-Premier He Lifeng Promotes Diverse Industrial Strategies for Sustainable Growth

China's Industrial Policy Roadmap

In a significant address, Vice-Premier He Lifeng outlined a dynamic industrial policy approach tailored for current economic challenges.

Diverse Strategies for Growth

  • Adaptability is crucial in a rapidly changing market.
  • Innovation instead of imitation is encouraged.
  • Stakeholders must avoid following trends without understanding.

Conclusion

The emphasis on developing quality productive forces is a call for industries to innovate and adapt, rather than conform to prevailing trends. This tailored approach aims to foster sustainable growth, positioning China favorably in a competitive global economy.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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