China is embarking on a transformative journey toward new industrialization, a pivotal element in its quest for modernization and national rejuvenation. President Xi Jinping recently emphasized that realizing new industrialization is essential for building a stronger nation in the new era.
Historically, industrial activities have significantly impacted the natural environment, leading to issues like global warming and ecological damage. As industrial production scales up, environmental challenges have intensified, particularly in developed countries that bear greater responsibility.
From a practical standpoint, China faces challenges such as unbalanced regional development and a heavy reliance on foreign demand for industrial growth. Additionally, a lack of original innovation has hindered progress, prompting China to explore new economic development models through its new industrialization strategy.
So, what sets this new industrialization apart? Firstly, digital economy acts as a new driving force, providing the manufacturing sector with advanced technologies like sensors, chips, and communication equipment. The rapid evolution of software and internet applications has significantly boosted industrial growth, enhancing quality, efficiency, and competitiveness.
Secondly, the emergence of new production factors such as data, management, technology, and knowledge is reshaping the industrial landscape. These factors not only alter the traditional input structure but also enhance the efficiency of other production elements, thereby increasing production value and industrial competitiveness.
Lastly, environmental constraints are becoming a defining feature of new industrialization. China has pledged to achieve carbon peak by 2030 and carbon neutrality by 2060. Research indicates that non-fossil energy consumption could exceed 80% by 2060. While industrialization drives economic growth, it also underscores the importance of environmental protection. De-carbonization presents both a challenge and an opportunity, fostering sustainable development within the industrial sector.
China's approach to new industrialization highlights a balance between economic advancement and environmental stewardship, setting a benchmark for sustainable industrial growth in the modern era.
Reference(s):
cgtn.com
