The Chinese mainland is set to host the third plenary session of its 20th Central Committee from July 15 to July 18 in Beijing. The focus will be on further deepening reforms and advancing modernization efforts. These reforms, part of China's second revolution, have been instrumental in transforming the nation and influencing the global landscape.
Since initiating reform and opening-up, China has consistently liberated and enhanced its productive forces, achieving significant milestones in modernization. A prime example of this progress is Huawei, which began in 1987 as a small telecom equipment trader. Today, Huawei stands as a global leader in information and communication technology, employing over 207,000 people across more than 170 countries and serving over 3 billion people worldwide. This transformation highlights China's rapid growth in productive capabilities and technological innovation.
Huawei's commitment to original innovation exemplifies China's dedication to high-quality economic development through new productive forces. Modernization in China relies heavily on the development of these new forces. Historically, each breakthrough—such as steam power, electricity, or nuclear energy—has driven economic growth. Currently, advancements in the Industrial Internet, platform economics, big data, and artificial intelligence are fostering new industries and productive forces.
Chinese President Xi Jinping emphasized the importance of opening new development areas and fostering new growth drivers to stay competitive globally. By accelerating the formation and development of new productive forces, China aims to achieve greater scientific and technological self-reliance and strengthen its position in the global technological and industrial revolution.
Reference(s):
cgtn.com
