China’s leadership is increasingly talking about “New Productive Forces” as the key to the country’s future economic success – harnessing them was the first Major Task for 2024 in the government Work Report that was presented to the NPC this week. But the government hasn’t explained how this will be done and what changes of approach will be needed after more than a decade of failure to reduce the economy’s dependence on property and infrastructure construction.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services