Research on high-quality development of new quality productivity _ investment direction of new quality productivity _ interpretation of new quality productivity - New Quality Productivity Research Institute of CAAMS
What is the new quality productivity

At the recent National Two Sessions, "new quality productivity" became a hot word. The government work report also listed "vigorously promoting the construction of modern industrial system and accelerating the development of new quality productivity" as the first task of the government in 2024. What is the "new quality productivity"? Now let's discuss with you by the Institute of New Quality and Productivity of the Chinese Academy of Mechanical Engineering!

The new quality productivity is an advanced productivity quality characterized by high technology, high efficiency, high quality, and in line with the new development concept. It is expedited by revolutionary breakthroughs in technology, innovative allocation of production factors, and in-depth transformation and upgrading of industries. With the leap of workers, means of labor, objects of labor and their optimized combination as the basic connotation, and the substantial increase of total factor productivity as the core symbol, it is characterized by innovation, the key is quality, and the essence is advanced productivity.

Education and talents are the basic support for promoting scientific and technological innovation and promoting the transition of productivity. In accordance with the requirements of developing new quality productivity, smooth the virtuous circle of education, science and technology, and talents, and improve the working mechanism of talent training, introduction, use, and reasonable flow.

Services that can be provided by CAAC

Since 2000, the Chinese Academy of Mechanical Engineering has been deeply engaged in industrial market research. It has 13 major categories of industrial and economic databases. The research network covers more than 100 first level industrial organizations and node cities. The number of expert consultants has exceeded 600. It has also established the New Quality Productivity Institute, which focuses on artificial intelligence, robotics, the Internet of Things, big data, cloud computing, digital economy, new energy, new materials Advanced manufacturing and new quality productivity.

New quality productivity support policy
Monetary and financial policies
In recent years, major conferences and financial supervision departments have continuously strengthened monetary and financial policies to support scientific and technological innovation and industrial upgrading. After 2023, the policy orientation of financial support for scientific and technological innovation will be further strengthened. Monetary and financial support policies for new quality productivity mainly involve five aspects: strengthening top-level design, supporting science and technology loans, broadening financing channels, promoting cross-border financing, and building a science and innovation financial reform pilot zone.
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fiscal policy
The financial policy actively cooperates with the development of industrial policy and science and technology policy, and mainly provides support from project funds, financial interest discounts, tax and fee reductions, etc. The fiscal policy will focus on the industrial and scientific and technological policies, and provide financial support mainly through general public budget, special debt funds and other means. The fiscal interest subsidy will cooperate with credit expansion, and structural tax and fee reduction will promote the active implementation of industrial policies.
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industrial policy
The industrial policies supporting strategic emerging industries and future industrial development mainly include building industrial clusters, industrial standardization, and industrial projects.
Strategic emerging industries focus on fostering the overall development of the industry, and future industries focus on technological breakthroughs and transformation of scientific and technological achievements

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Local policies
At present, 26 provincial government work reports focus on "new quality productivity". From the content of provincial government work reports, "new quality productivity" involves a wide range of industries, but the key is innovation and technological breakthrough. It can be seen that the priority of current economic policies is still scientific and technological innovation, transformation and upgrading, and the policy of "not following the old path" and "not strengthening stimulus" is strong.
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How to accelerate the development of new quality productivity?

Promote the optimization and upgrading of industrial chain and supply chain. This includes transforming and upgrading traditional industries, developing towards high-end, intelligent and green industries, and accelerating the development of emerging industries and future industries, such as the deep integration of digital technology and the real economy, as well as the cultivation of new growth engines such as biological manufacturing and commercial aerospace.

Actively cultivate emerging industries and future industries. This involves promoting the innovation and development of artificial intelligence, the meta universe, biological manufacturing and other fields, as well as enabling the whole industrial system by using the new generation of information technology.

We will further promote the innovative development of the digital economy. This includes developing core industries of digital economy and promoting industry digitalization, promoting digital transformation of manufacturing industry by using AI, big data and other technologies, as well as building intelligent factories and promoting digital empowerment of SMEs.

In addition, accelerating the development of new quality productive forces also requires deepening the innovation of systems and mechanisms, expanding high-level opening up, such as strengthening international scientific and technological cooperation, optimizing the business environment, and introducing foreign capital and advanced technology. At the same time, to cultivate new quality productivity, we must also attach importance to the construction of a new workforce, master key core technologies, and shape production relations that adapt to new quality productivity.

Investment opportunities for new quality productivity

On September 8, it was reported that General Secretary Xi Jinping pointed out during his inspection in Heilongjiang that we should lead the overall revitalization of the industry with scientific and technological innovation. Integrate scientific and technological innovation resources, lead the development of strategic emerging industries and future industries, and accelerate the formation of new quality productivity. Therefore, strategic emerging industries (new energy, new materials, advanced manufacturing, electronic information) and future industries (artificial intelligence, quantum computing, industrial Internet, satellite Internet, robots, etc.) will release their starting dividends in the new era, with good market development opportunities.

Along the logical direction of market opportunities under the guidance of the above new quality productivity, we will carefully sort out the layout directions of relevant industries to help you understand in more detail the specific market layout directions of the following emerging industries and future industries in the new quality productivity.

(1) Layout direction of emerging industries
01

New generation information technology

It mainly includes the fifth generation mobile communication (5G), electronic information manufacturing, software and emerging digital fields.
02

new energy

It mainly includes new energy power generation, new energy grid connection and new energy key equipment.
03

New materials

It mainly includes advanced petrochemical and chemical materials, advanced steel materials, advanced nonferrous and rare earth materials, advanced inorganic non-metallic materials, high-performance fibers and products, and high-performance fiber composites.
04

High end equipment

It mainly includes industrial robots, high-end CNC machine tools, agricultural machinery equipment, engineering machinery, medical equipment, intelligent testing equipment and additive manufacturing equipment.
05

New energy vehicles

It mainly includes new energy vehicles, key component systems, core components, intelligent networking technology and charging and changing infrastructure.
06

Green and environmental protection

It mainly includes carbon peaking and carbon neutralization, green manufacturing, industrial energy conservation, industrial water conservation, industrial environmental protection and comprehensive utilization of industrial resources.
07

civil aviation

It mainly includes aircraft, engines, airborne systems and general basic and operational support.
08

Ship and marine engineering equipment

It mainly includes high-tech ships and marine engineering equipment.
(2) Future industrial layout direction
  • Metauniverse
  • Brain computer interface
  • Quantum information
  • Humanoid robot
  • Generative artificial intelligence
  • Biomanufacturing
  • Future display
  • Future Network
Key development points of new quality productivity

The five elements of new quality productivity are as follows:

First, technological innovation. Scientific and technological innovation is the core element of new quality productivity, and it is an important driving force to promote economic development and social progress. Only continuous scientific and technological innovation can improve production efficiency, reduce production costs, improve product quality and meet people's growing needs.
Second, talents. Talent is an important support for new quality productivity, and they are an important force to promote scientific and technological innovation and economic development. Only high-quality talents can promote scientific and technological innovation and economic development.
Third, capital. Capital is an important guarantee of new quality productivity, and it is an important condition to promote scientific and technological innovation and economic development. Only with sufficient capital can we support scientific and technological innovation and economic development.
Fourth, information. Information is the important foundation of new quality productivity, and it is an important resource to promote scientific and technological innovation and economic development. Only with abundant information can we carry out scientific and technological innovation and economic development better.
The fifth is the market. The market is an important carrier of new quality productivity, and it is an important platform to promote scientific and technological innovation and economic development. Only with an active market can we better promote scientific and technological innovation and economic development.

In December 2023, the Central Economic Work Conference stressed that we should use subversive technologies and cutting-edge technologies to promote new industries, new models, new drivers, and develop new quality productivity.

The core connotation of new quality productivity is innovation, which is also the fundamental attribute of new quality productivity different from traditional productivity.

New quality productivity mainly includes strategic emerging industries and future industries. Specifically, it is necessary to apply scientific and technological innovation achievements to specific industries and industrial chains in a timely manner, transform and upgrade traditional industries, cultivate and expand emerging industries, layout and build future industries, and improve the modern industrial system.

Background of emergence of new quality productivity
The new concept of "new quality productivity" was first put forward and pointed out by General Secretary Xi Jinping during his recent inspection in Heilongjiang: "Integrate scientific and technological innovation resources, lead the development of strategic emerging industries and future industries, and accelerate the formation of new quality productivity." New quality "is a new nature, new characteristics, new functions, and new laws generated from quality change.
Significant historical significance of new quality productivity
In the key and disruptive technological breakthroughs, we focus on the integration with strategic emerging industries such as new generation information technology, new energy, new materials, advanced manufacturing, biotechnology, and future industrial innovations such as artificial intelligence, quantum information, brain computer interface, satellite Internet, humanoid robots.


Main contents of new quality productivity
New quality productivity mainly includes strategic emerging industries and future industries. Specifically, it is necessary to apply scientific and technological innovation achievements to specific industries and industrial chains in a timely manner, transform and upgrade traditional industries, cultivate and expand emerging industries, layout and build future industries, and improve the modern industrial system.

Improve total factor productivity
Technological breakthrough and industrial upgrading will jointly shape new quality productivity, which is expected to improve total factor productivity and provide new impetus for high-quality development of China's economy.




Cultivating new quality productivity requires changing the financing structure. From the perspective of international comparison, the proportion of direct financing in China is still low, and there is still much room for improvement.

The conditions for the formation of new productive forces in China in terms of human capital accumulation, technology development and policy support are gradually met, which is promoting the transformation of China's industrial structure from capital intensive industries to technology intensive industries. The new quality productivity driven by scientific innovation will become an important driving force for the transformation of China's economic development momentum.

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The digital economy has become an important engine to promote the development of new quality productivity:

As a new economic form, the digital economy's core characteristics are highly consistent with the new quality productivity, and it has become an important engine to promote the development of the new quality productivity.
First, the digital economy makes data become a new factor of production, and the core of the new quality productivity is the formation and application of new factors of production.
Second, the digital economy has bred a large number of emerging industries and innovative enterprises, which coincides with the fact that the carrier of new quality productivity is new industry.
Third, the digital economy promotes the efficient and green transformation and upgrading of traditional industries, which is highly consistent with the high-quality development goal of new quality productivity.
Fourth, the digital economy has a strong feature of increasing returns to scale, which is highly matched with the inherent requirements of high efficiency and low consumption of new quality productivity.

The realization path of new quality productivity development enabled by digital economy:

Accelerate the accumulation and optimization of data elements, and consolidate the support of new quality productivity and new elements.
Accelerate the innovation and application of digital technology, and help the development of new quality productivity and new technology.
Accelerate the integrated development of data and reality, and help the formation of new quality productivity, new industries and new formats.
Digital transformation enables all-round social development and helps optimize the development environment of new quality productivity.