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Academic Journal of Business & Management, 2024, 6(12); doi: 10.25236/AJBM.2024.061224.

Pathways for Promoting High-Quality Economic Development through New-Quality Productive Forces

Author(s)

Meijing Song1,2

Corresponding Author:
Meijing Song
Affiliation(s)

1School of Finance and Economics, Hainan Vocational University of Science and Technology, Haikou, Hainan, 570000, China

2School of Management, Universiti Sains Malaysia, Penang, 11800, Maylaysia

Abstract

Against the backdrop of new-quality productive forces, social economy is experiencing high-quality development. This is an inevitable path for advancing to a new stage of socio-economic development and an important strategy to accelerate social construction and development. With the rapid advancement of technology in China, frontier technologies such as big data, artificial intelligence, and cloud computing have been widely applied across various fields. New-quality productive forces are not only transforming traditional industry production methods and operational models but are also fostering a series of emerging industries and new business formats, creating new opportunities for high-quality economic development. However, due to factors such as resource constraints and intense competition, it is essential to fully leverage the potential value of new-quality productive forces to drive high-quality economic growth. This paper explores the connotation, characteristics, and importance of new-quality productive forces for high-quality economic development, analyzes the existing dilemmas and challenges, and proposes targeted strategies and suggestions. The aim is to provide a supportive force for economic development, in line with the intrinsic logic of continuous modernization of productive forces, and to offer valuable reference for promoting China’s sustained and healthy economic development.

Keywords

New-quality productive forces, high-quality economic development, industrial innovation

Cite This Paper

Meijing Song. Pathways for Promoting High-Quality Economic Development through New-Quality Productive Forces. Academic Journal of Business & Management (2024) Vol. 6, Issue 12: 172-177. https://doi.org/10.25236/AJBM.2024.061224.

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