Policies Aim To Nurture Fresh Growth Engines

A helicopter flies along the low-altitude flight route linking Shenzhen's downtown area and Guangzhou Haixinsha Park to Guangzhou Baiyun International Airport in Guangzhou, Guangdong province, at the end of October. [CHINA DAILY]

China is planning a fresh set of policies to propel growth in the equipment manufacturing sector, focusing on nurturing new growth engines such as new energy vehicles and low-altitude aircraft, amid the country's concerted efforts to promote industrial upgrading and enhance global supply chain resilience, said officials and experts.

The move mirrors the directive to nurture technological innovation to boost the development of new quality productive forces and the establishment of a modern industrial system, which was mapped out at a meeting of the Political Bureau of the Communist Party of China Central Committee on Monday.

The meeting, which was presided over by Xi Jinping, general secretary of the CPC Central Committee, anchored China's key focal points for next year's economic development, as the nation is in a pivotal process of changing its development paradigm from quantity-driven to quality-driven.

The vision is backed by China's ever-stronger equipment manufacturing capability, as reflected in the fact that annual production of new energy vehicles passed the milestone of 10 million units on Nov 14, according to the Ministry of Industry and Information Technology, making China the only nation to realize such an achievement.

It took only six years for this figure to grow from 1 million to 10 million, showcasing the nation's unwavering commitment to innovation-driven development.