Beijing, May 16: The upcoming issue of the Chinese Communist Party’s prominent magazine, “Qiu Shi,” will feature a significant article by President Xi Jinping, titled “Strengthening, Improving, and Expanding the Real Economy.” This piece is a compilation of key speeches made by Xi from December 2016 to December 2025.
The article emphasizes that the real economy is the foundation of a nation’s economy, the primary source of wealth creation, and a crucial pillar of national strength. Regardless of how advanced the economy becomes, the real economy will always serve as the basis for China’s economic development and its competitive edge in the global market. The future of China’s economy hinges on the real economy, which has been its starting point.
It is essential to focus on the development of the real economy. Resources should be directed towards it, policy measures should favor it, and the workforce should be strengthened in this area. The article advocates for a solid advancement of a new type of industrialization, continuously enhancing, improving, and expanding the real economy.
Manufacturing is highlighted as the cornerstone of the real economy. The article calls for prioritizing high-quality development in manufacturing and building a strong manufacturing power with determination. It urges the need to actively adapt to and lead the new era of technological revolution and industrial transformation, strengthen fundamental innovation, tackle key core technologies, and promote the deep integration of technological and industrial innovation.
Furthermore, it stresses the importance of accelerating the development of advanced manufacturing while systematically linking it with the growth of the digital economy and industrial informatization. This approach aims to establish a robust physical and technological foundation for modernization in the Chinese style.
The article also points out the necessity of constructing a modern industrial system and reinforcing the foundation of the real economy. During the 15th Five-Year Plan period, it is imperative to prioritize the development of new quality productive forces in alignment with local conditions. There is a need to promote the transformation and upgrading of traditional industries, actively develop emerging industries, and plan proactively for future industries.
(Source: China Media Group, Beijing)
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