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China’s ‘new productive forces’ need government and market efforts: Vice-Premier He Lifeng

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Such forces focus on scientific research and technological advancements.

BEIJING - China's Vice-Premier He Lifeng stressed the need for a well-coordinated government and efficient market to develop the country's"new productive forces", state media said on July 30.

"Developing new productive forces is a long-term task and a systematic project. We need both historical patience and a sense of urgency that time and tide wait for no man," he wrote in an article published by the People's Daily. "It is necessary to give full play to the decisive role of the market in resource allocation, strengthen the dominant position of enterprises in scientific and technological innovation, and make all types of enterprises become the main force in the development of new productive forces."

Even if China's gross domestic product per capita ranked forefront among middle-income countries in 2023, He said"we should see that the problem of unbalanced and inadequate development is still prominent and, the scientific and technological innovation capability is not strong yet".

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