{"id":1528,"date":"2024-03-24T14:08:38","date_gmt":"2024-03-24T14:08:38","guid":{"rendered":"https:\/\/ventil.rs\/blog\/business\/chinas-plan-to-spur-growth-a-new-slogan-for-building-factories\/"},"modified":"2024-03-24T14:08:38","modified_gmt":"2024-03-24T14:08:38","slug":"chinas-plan-to-spur-growth-a-new-slogan-for-building-factories","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/business\/chinas-plan-to-spur-growth-a-new-slogan-for-building-factories\/","title":{"rendered":"China\u2019s Plan to Spur Growth: A New Slogan for Building Factories"},"content":{"rendered":"


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From the top of the government, China is heavily promoting a plan to fix the country\u2019s stagnant economy and offset the harm from a decades-long housing bubble.<\/p>\n

The program has a fresh slogan, presented foremost by Xi Jinping, the country\u2019s top leader, as \u201cnew, quality productive forces.\u201d<\/p>\n

But it has features that are familiar from China\u2019s economic playbook: The idea is to spur innovation and growth through massive investments in manufacturing, particularly in high-tech and clean energy, as well as robust spending on research and development. And there have been few concrete provisions for how the government hopes to persuade Chinese households to reverse a prolonged slowdown in spending.<\/p>\n

Premier Li Qiang, the country\u2019s No. 2 official, laid out the plan on Sunday in a speech to chief executives from around the globe, who had gathered in Beijing for the country\u2019s annual China Development Forum. \u201cWe will accelerate the development of new, quality productive forces,\u201d he said at the forum\u2019s opening ceremony.<\/p>\n<\/div>\n