The Chinese mainland's concept of 'new quality productive forces' is attracting global attention, positioning it as a premier destination for foreign direct investment (FDI). Recent significant business events, including the China Development Forum 2024, the Invest in China Summit, and the Boao Forum for Asia 2024, have highlighted the mainland's potential in emerging sectors.
Leading multinational corporations like Siemens and Danfoss are making substantial investments in the Chinese mainland's green transition. Siemens is set to expand its digital factory in Chengdu, Sichuan Province, by the end of the year, while Danfoss plans to establish its largest manufacturing base in Haiyan County, Zhejiang Province. These investments underscore the mainland's commitment to smart manufacturing and innovation.
Innovation and sustainability are the cornerstones of the new quality productive forces, emphasizing high-tech, high-efficiency, and high-quality characteristics that align with the mainland's development philosophy. Supportive policies, openness, reform, and a green transition further enhance this framework.
The Chinese mainland's digital revolution is driven by emerging industries such as artificial intelligence, high-tech manufacturing, quantum computing, new energy and materials, biotechnology, e-commerce, electric vehicles, brain-computer interfaces, big data, cloud services, blockchain, and on-demand computing power. This transformation is evident in the rapid shift from a traditional to a digital economy, with the National Government Service Platform boasting one billion registered users and 86 billion accesses as of March 2023. These advancements ensure sustainable economic growth and offer international best practices for modernization.
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China emerges as a prime FDI hub for new quality productive forces
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