The top leadership of the People’s Republic of China will support the formation of new incentives for the growth of the national economy based on future industries, said the deputy head of the financial and economic commission office of the CPC Central Committee Han Wenxiu at a press conference dedicated to the results of the third plenum of the Central Committee of the Communist Party of China of the 20th convocation.
Han Wenxiu noted that the People’s Republic of China has already made significant progress in the development of such industries as the production of high-tech equipment, green energy, automobile manufacturing, and the photovoltaic industry. Promising areas for China are new generation information technologies, low-altitude economy, production of new materials, modernized energy storage technologies.
According to the words Han Wenxiu, the country’s authorities will also focus on the modernization of traditional sectors of the economy. For this, it is necessary to expand domestic demand, ensure the stability of domestic and foreign trade, stimulate the inflow of foreign investments, and improve the business environment.
“China is a large-scale economy with a large potential for domestic demand, able to function on domestic resources. We just need to do our job well, and then we will be able to ensure the smooth circulation of the national economy.” – concluded Han Wenxiu.