Ever since Chinese President Xi Jinping first used the term 'new quality productive forces' last September, there has been extensive speculation about its implications for China’s economy.
Among the numerous interpretations, a recent 29,000-word speech by Chinese politician Huang Qifan has stood out, generating millions of views on the Chinese internet. Huang, the former Mayor of Chongqing—one of China's four directly-controlled municipalities—is known for his bold economic reforms, including initiatives in real estate and finance during his tenure.
Read the full text of Huang’s speech on our website: https://thechinaacademy.org/whats-behind-xi-jinpings-push-to-revolve-chinas-economy/
Huang’s speech, delivered at the Party School of the Communist Party of China, identifies several factors undermining the sustainability of China’s economy, highlighting the urgency of introducing "new quality productive forces."
Huang Qifan noted four historical paths of economic growth pursued by various …
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