An important article by General Secretary Xi Jinping published in “Qiushi” Journal
Beijing, May 15 — The 10th issue of “Qiushi” Journal, to be published on May 16, will feature an important article by Xi Jinping, General Secretary of the Communist Party of China Central Committee, Chinese President, and Chairman of the Central Military Commission, titled “Strengthen, Improve, and Expand the Real Economy.” This article is a compilation of key remarks made by General Secretary Xi Jinping from December 2016 to December 2025.
The article emphasizes that the real economy is the foundation of a country’s economy, the fundamental source of wealth creation, and a crucial pillar of national strength. No matter how the economy develops, the real economy remains the foundation for China’s economic growth and for gaining an edge in international economic competition. China’s economy started with the real economy and will continue to rely on it to move forward. Efforts must focus on developing the real economy, channeling resources and factors toward it, aligning policies to support it, and strengthening work efforts in this area. We must push forward with new industrialization and continuously strengthen, improve, and expand the real economy.
The article points out that manufacturing is the foundation of the real economy. The high-quality development of manufacturing should be given greater prominence, with an unwavering commitment to building a manufacturing powerhouse. Efforts should be made to implement industrial foundation rebuilding projects and major technical equipment research initiatives, support specialized and innovative enterprises, and promote the high-end, intelligent, and green development of manufacturing. We must actively adapt to and lead the new round of technological revolution and industrial transformation, strengthen original innovation and breakthroughs in key core technologies, deepen the integration of technological and industrial innovation, accelerate the development of advanced manufacturing, and combine the construction of a manufacturing powerhouse with the development of the digital economy and industrial informatization, thus building a strong material and technological foundation for Chinese-style modernization.
The article states that a modern industrial system should be established to consolidate and strengthen the foundation of the real economy. During the “15th Five-Year Plan” period, it is necessary to prioritize the development of new productive forces tailored to local conditions, comprehensively promote the transformation and upgrading of traditional industries, actively develop emerging industries, and make advanced plans for future industries. We should consolidate the leading position of advantageous industries and address shortcomings in areas related to security and development. Efforts should be made to promote the integrated and clustered development of strategic emerging industries, creating new growth engines in areas such as next-generation information technology, artificial intelligence, biotechnology, new energy, new materials, high-end equipment, and green environmental protection. A high-quality and efficient modern service industry system, a smooth and efficient circulation system, and a modern infrastructure system should be established.
The article emphasizes that serving the real economy should be the fundamental purpose of financial services. The real economy is the foundation of finance, and finance is the lifeblood of the real economy. Serving the real economy is the primary duty of finance. China’s financial sector must uphold its responsibility to serve the real economy, promote high-quality development, and never deviate from the real economy to pursue virtual growth.
