Move over, TikTok trends – China's latest buzzwords are ‘new quality productive forces’ and ‘patient capital,’ and experts say they’re shaping the country’s next economic era.
Radhika Desai, professor at the University of Manitoba and senior fellow at Renmin University’s Chongyang Institute, told CGTN that China’s growth potential remains sky-high thanks to its focus on tech innovation and long-term investments. "These strategies aren’t just about immediate gains," she emphasized. "They’re about building sustainable engines for the future."
This year’s government work report doubled down on fostering cutting-edge sectors like AI, green energy, and quantum computing while promoting capital that prioritizes steady, socially impactful projects over quick profits. Analysts say this combo could redefine China’s role in global supply chains – and attract young entrepreneurs keen on marrying profit with purpose.
For Gen Z watching China’s economic playbook: Think less 'get-rich-quick' hustle, more 'game-changing innovation' vibes.
Reference(s):
cgtn.com