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At present, in the new normal of the Chinese economy, the “three new drivers” with new industries, new forms of business and new models are gaining strength. The new economy, new technologies and new platforms have kept surging momentum to drive the economy, demonstrating strong “China strength”. It has been said that the new growth drivers accumulating in China are “growing fast” and have gradually become the top engine of economic development, which is warming the spring of the Chinese economy.

It must be recognized that the new growth drivers are advanced productive forces. Since the 18th National Congress of the Communist Party of China, the Chinese economy has performed very well, thanks to new growth drivers. Taking 2014 as 100, the index of new growth drivers for 2015-2020 was 119.6, 146.9, 191.2, 257.9, 325.5 and 440.3, up 19.6 percent, 22.8 percent, 30.2 percent, 34.9 percent, 26.2 percent and 35.3 percent over the previous year, respectively. New drivers contributed more than 30 percent to economic growth.

At present, China has become a hot spot for global innovation and entrepreneurship. As investment in scientific and technological research and development continues to increase, new technologies such as information technology and intelligent manufacturing are widely applied in all areas of the economy and society, and mass entrepreneurship and innovation activities are further implemented, new growth drivers are starting to start prairie fire from smoke, injecting new vitality into the Chinese economy. Is propping up a new world of economic development.

New drivers are reshaping the pattern of economic growth

At the Premier’s press conference of the National Two Sessions in 2016, Premier Li Keqiang pointed out that to develop the new economy, we need to cultivate new drivers to promote the country’s economic transformation. Since then, “new momentum” has been mentioned repeatedly as one of the hot words, and has become the focus of China’s supply-side structural reform.

In the face of the impact of the COVID-19 pandemic and the downward economic pressure at home and abroad, we need to foster new industries, new forms and new models of the economy and accelerate the cultivation of new driving forces for industrial development. This will enable us to foster new opportunities in the face of crisis and open new doors in the face of changes. Zhang Yansheng, a researcher at the China Center for International Economic Exchanges, believes that the new economic driver is the shift from “sweat driven” to “wisdom driven”. As a new force of vigorous development, new industries, new forms of business and new models have enormous potential for growth. Guided by supply-side structural reform and innovation-driven development strategy, they are characterized by rapid technological change, industrial integration, diversified forms of business, networking of organizations, personalized development and result-sharing.

Since the 18th National Congress of the Communist Party of China (CPC), China’s economic structure has been optimized, its quality has been improved, and momentum has been gathered. We have shifted from a stage of high-speed growth to a stage of high-quality development. In January 2017, The General Office of the State Council issued the Opinions on Fostering and Strengthening New Growth Drivers of Economic Development through Innovative Management and Optimizing Services and Accelerating the replacement of Old Growth Drivers with New Ones. It pointed out that China’s economic development has entered a new normal, with new technologies, new industries, new forms of business and new models as the core. New drivers of economic development, supported by knowledge, technology, information, data and other new factors of production, are taking shape. This shows that China’s new industries, new forms of business and new models have become new growth drivers. In particular, the rapid rise of new drivers such as the high-speed rail network, e-commerce, mobile payment and the sharing economy has reshaped economic growth and profoundly changed the way of production and life, becoming a new symbol of China’s innovative development.

The new drivers of China’s economy have broad prospects for development, and their supporting role will continue to grow. It is indisputable that new industries, new forms of business and new models have become an important force driving steady economic growth and structural transformation and upgrading, and have effectively made up for the impact and impact of weakening traditional drivers of growth on the economy. During the COVID-19 pandemic, the factory of Guangzhou Jiangtong Copper Materials Co., Ltd. still presents a busy scene. Outside the factory, delivery vehicles line up to enter the factory every day, and pick-up vehicles line up to be loaded every day. In the workshop, the machine is producing at full power, and the monthly output record is continuously refreshed. Zhong Chaohong, general manager of the company, said that the company’s cutting-edge technology, the effective promotion of the whole industrial chain to resume production, and the acceleration of new infrastructure are the “booster” of the uptrend of orders.

China’s industry has activated new growth drivers

Since the 18th National Congress of the Communist Party of China (CPC), China’s industrial restructuring, transformation and upgrading have progressed in an orderly manner, and the new drivers of economic transformation and upgrading have grown stronger. On the one hand, the new drivers provide impetus for the improvement of the industrial production structure, the reduction of excess capacity, the reduction of costs, and the improvement of business efficiency. On the other hand, the growth potential and driving role of new drivers and engines have enabled the industrial economy to maintain steady development in the process of transformation and upgrading and the transformation of power.

At present, the Chinese economy is in the difficult process of replacing old growth drivers with new ones. We need to combine the cultivation of new growth drivers with the upgrading of traditional ones, so that the “twin engines” of the economy will pass through difficult passes and leap onto the plateau of hope. That is to say, to promote the conversion of old and new growth drivers in our country, we will not only increase efforts to support new industries, new forms of business, and new models, realize “nothing”, create a new engine of economic growth, but also commit to the transformation and upgrading of traditional industries, achieve “new”, promote high-end traditional industries, low-carbon, intelligent transformation, promote “old trees to develop new”.

Whether it is to foster new growth drivers or upgrade traditional ones, innovation is indispensable, and technological innovation is a top priority. The Chinese industry upholds new industry, new carrier and new driving force, focusing on big data, big logistics, big health, new materials, new manufacturing and new energy as the three key industrial areas of “attracting large and strong, attracting new and attracting special and excellent”, and completely ditching “large and dispersed” industrial projects with low monomer benefits, low correlation and low agglomeration effect “. At the same time, we will focus on “chain building, chain extending, chain reinforcing and chain strengthening” to make the industrial chain more active and refine, and activate the new driving force for development. At present, the new drivers have achieved remarkable performance in the industrial sector, such as industrial robots, civil drones, urban rail vehicles, integrated circuits, optical cables, optoelectronic devices and other emerging industrial products maintain rapid growth.

Industrial innovation, enterprise is the main body. Qinghai Kangtai Casting and Forging Machinery Co., Ltd. cooperated with Tsinghua University to build a leading 68,000 tons multifunctional press with the world’s first-class level. In 2015, it successfully extruded P91 steel pipe, the world’s first vertical extruded steel pipe with the same caliber, filling the international gap and breaking the “dual” monopoly of foreign technology and products. Gansu Baiyin Changyuan Chemical Co., Ltd. focuses on research and development and production of clean production process of cadmium salt such as sodium dichromate. In 2018, the whole process of clean production of cadmium salt products was realized, completely overturning China’s domestic cadmium salt roasting process.

Changes in manufacturing lead to changes in consumption and services

China’s economic development is facing new situations at home and abroad, while data-intelligent technologies and industries provide new drivers for China’s economy and hope for a faster recovery of the global economy from the impact of the pandemic. Especially with the vigorous development of digital economy, our traditional industries have undergone digital and intelligent transformation, which has accelerated the integration of digital technology and real economy.

“It used to be the orders, now it’s the market.” At present, China’s strategic emerging industries, high-tech industries, e-commerce, express delivery, sharing economy and other new industries, new forms of business, new models continue to “explode” the market, gradually become the “new favorites” of the market. “New favorites” are bringing new concepts, new technologies and new models to Chinese manufacturing, which is constantly unleashing vitality for development. For example, in the field of industrial Internet, both Shenyang Jinbei Lear car seat Co., Ltd. on the first day of work workers operate two machines at the same time “Niu Dao trial”, there are also Tebian electric Shenyang Transformer Group Co., LTD. From design, to production, to after-sales operation and maintenance of the whole process of intelligent.

What’s more, our industrial Internet has become an important force to promote industrial transformation and upgrading and promote high-quality economic development. It has realized the interoperability of people, machines and things. Manufacturing enterprises “play” the “factory change” of “explosive products” market and “flash” manufacturing.