“Qiushi” Magazine Publishes Important Article by General Secretary Xi Jinping
An important article by Xi Jinping, titled “Strengthen, Improve, and Expand the Real Economy,” will be published in the 10th issue of “Qiushi” magazine on May 16. This article is a compilation of key discussions by 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 cornerstone of China’s economic growth and its ability to gain 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 policy measures toward it, and strengthening work in this area. We must steadily advance new industrialization and continuously work to strengthen, improve, and expand the real economy.
The article points out that manufacturing is the foundation of the real economy. Greater emphasis should be placed on the high-quality development of manufacturing, with an unwavering commitment to building a strong manufacturing country. Efforts should include implementing industrial foundation reengineering projects and major technological equipment research initiatives, supporting the development of specialized and innovative small and medium-sized enterprises, and promoting 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, enhance original innovation and research into key core technologies, deepen the integration of technological and industrial innovation, and accelerate the development of advanced manufacturing. Building a strong manufacturing country should be organically combined with developing the digital economy and industrial informatization to create a solid material and technological foundation for Chinese-style modernization.
The article states that a modern industrial system should be built to consolidate and strengthen the foundation of the real economy. During the 15th Five-Year Plan period, developing new productive forces tailored to local conditions must be placed in a more prominent strategic position. We must simultaneously promote the transformation and upgrading of traditional industries, actively develop emerging industries, and lay out future industries in advance. We should consolidate the leading position of advantageous industries and accelerate the filling of gaps in areas related to security and development. We need to promote the integrated and clustered development of strategic emerging industries, fostering new growth engines 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 new service industry system, a smooth and efficient circulation system, and a modern infrastructure system should be established.
The article emphasizes that financial services must serve the real economy as a fundamental principle. The real economy is the foundation of finance, while finance is the lifeblood of the real economy. Serving the real economy is the primary duty of finance. China’s financial sector must fulfill its obligation to serve the real economy, promote high-quality development, and never deviate from the real economy to pursue speculative activities.
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