Xi Jinping Highlights Real Economy and Manufacturing as Pillars of China’s Economic Strategy

[Policy Orientation] Issue No. 10 of Qiushi Journal features an important article by General Secretary Xi Jinping titled 'Strengthening, Optimizing, and Expanding the Real Economy.'

Core Direction: The Real Economy Designated as the Foundation of National Economy

The article emphasizes that the real economy is the cornerstone of a nation's economy and the fundamental source of wealth creation. Regardless of how far economic development progresses, the focus of development must always remain on the real economy, driving resources, policy measures, and institutional efforts to converge toward it.

Strategic Foundation: High-Quality Development of Manufacturing as the Key Lever

The article states that manufacturing forms the bedrock of the real economy. It calls for unwavering commitment to building a manufacturing powerhouse, implementing initiatives to reconstruct industrial foundations and tackle breakthroughs in major technological equipment, supporting the growth of specialized, sophisticated, distinctive, and innovative enterprises, and advancing manufacturing toward higher-end, intelligent, and green development.