China's leader, Xi Jinping, visits Heilongjiang province and urges the cultivation of 'new productive forces' to address the economic problems in the country's rustbelt. The phrase 'new productive forces' gains prominence in state newspapers and official gatherings, drawing comparisons to the 'reform and opening up' policy of the late 1970s.
Xi Jinping , China ’s leader, paid a visit to Heilongjiang in the country’s north-east. Part of China ’s industrial rustbelt, the province exemplifies the problems besetting China ’s economy. Its, before adjusting for inflation, barely grew at all, suggesting it is in the grip of deep deflation. Never fear: Mr Xi has a plan. On his visit, he urged his provincial audience to cultivate “ new productive forces ”.
That phrase has since appeared scores of times in state newspapers and at official gatherings. It was highlighted in, annual meetings of China’s rubber-stamp parliament and its advisory body. In the preface of a new book on the subject, Wang Xianqing of Peking University likens the term to “reform and opening up”, the formula that encapsulated China’s embrace of market forces after 1978. Those words “shine” even today, he wrote, implying that “new productive forces” will have similar staying powe
Xi Jinping China Heilongjiang Rustbelt Economy New Productive Forces Reform And Opening Up
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