High-quality development is the primary task of comprehensively building a modern socialist country, and developing new quality productive forces is an inherent requirement and an important focus for promoting high-quality development. Xi Jinping General Secretary's series of important discussions on the new quality of productivity, is the innovative development of Marxist productivity theory, give Xi Jinping economic thought new connotation, has great theoretical and practical significance. The "Decision" of the Third Plenary Session of the 20th CPC Central Committee focused on improving the system and mechanism for promoting high-quality economic development, and proposed to "improve the system and mechanism for developing new quality productive forces according to local conditions." We will promote revolutionary breakthroughs in technology, innovative allocation of production factors, and deep transformation and upgrading of industries, optimize the combination and upgrading of workers, labor materials and labor objects, foster new industries, new models and new drivers, and develop productive forces characterized by high technology, high efficiency and high quality." To study and implement the spirit of the Third Plenary Session of the 20th CPC Central Committee and develop the new quality productive forces according to local conditions, we need to deeply grasp the rich connotation and practical requirements of the new quality productive forces.

Promote revolutionary technological breakthroughs. Xi Jinping General secretary pointed out: "Scientific and technological innovation can give birth to new industries, new models, new momentum, is the core element of the development of new quality productivity." From the birth of the steam engine, to the wide application of telephones and electric lights, and then to the popularity of computers, every revolutionary breakthrough in the field of science and technology will promote major changes in social productivity. History and reality have repeatedly proved that science and technology is a powerful engine for development, and innovation is a key force in determining the future. Scientific and technological innovation can give rise to new industries, for example, the development of artificial intelligence, biotechnology, etc., has given rise to a series of high value-added new industries, bringing brand new products and services. Scientific and technological innovation can give birth to new models, such as the development of new business models such as sharing economy and platform economy, optimize the allocation of resources and improve the efficiency of economic operation. Scientific and technological innovation can generate new drivers, for example, new energy technologies and intelligent manufacturing technologies continue to promote the green and intelligent economy, providing new drivers for sustainable development. At present, original breakthroughs in the fields of information, life, manufacturing, energy, space, and ocean provide a source for more cutting-edge and disruptive technological innovation. To develop new quality productive forces, we need to strengthen scientific and technological innovation, especially original and disruptive scientific and technological innovation, fight hard battles in key and core technologies, and accelerate efforts to achieve self-reliance in high-level scientific and technological innovation, so that original and disruptive scientific and technological innovation results will emerge.

We will promote innovative allocation of production factors. General Secretary Xi Jinping pointed out that the new quality productivity "takes the leap of workers, labor materials, labor objects and their optimal combinations as the basic connotation". The "new" of the new quality productive forces is manifested in the new quality of the laborer, the means of labor and the object of labor, which constitute the three elements of productive forces. A new type of worker is a worker who can adapt to modern advanced technology and equipment, has the ability of knowledge rapid iteration, and mainly engages in knowledge labor and complex labor. New types of labor data are formed with the development of new technologies and have higher scientific and technological attributes, including all kinds of intelligent sensors, industrial robots, automated logistics and warehousing systems, virtual reality and augmented reality equipment. The new object of labor includes both material form and non-material form, and its scope and field are expanding with the advancement of scientific and technological innovation. The "new" of the new quality productivity also shows that the combination of productivity factors has realized a jump. New quality factors, such as new types of workers, new types of labor materials, and new types of labor objects, and traditional factors have been optimized and updated, and the efficiency of factor allocation has been structurally improved, and the total factor productivity has been raised, thus promoting the quality and efficiency of economic development. To promote the innovative allocation of production factors, we need to advance the integrated reform of the system and mechanism for education, science and technology personnel in a coordinated manner, and we need to provide reasonable policy guidance and the active participation of different business entities. In particular, we need to accelerate the construction of a high-level socialist market economy, create a fairer and more dynamic market environment, and optimize the efficiency and maximize the benefits of resource allocation.

We will deepen industrial transformation and upgrading. Xi Jinping General secretary pointed out: "Scientific and technological achievements into real productive forces, in the form of the birth of new industries, to promote the deep transformation and upgrading of industries." Industry is the carrier of productivity. To accelerate the development of new quality productive forces, we must speed up the construction of a modern industrial system. China's traditional industries have a large volume, accounting for more than 80% of the manufacturing industry, and the transformation and upgrading of traditional industries is directly related to the overall construction of modern industrial system. Therefore, the traditional industry can not be regarded as a "low-end industry" simple exit. Accelerating the transformation and upgrading of traditional industries through the extensive application of digital intelligence technologies such as artificial intelligence and green technologies can not only greatly improve the quality and efficiency of the development of traditional industries, but also run out of the "acceleration" of the transformation of old and new kinetic energy, and form new quality productivity, but also promote traditional industries to continue to move towards the medium and high-end, and improve the position of Chinese industries in the global industrial chain value chain. Strategic emerging industries and industries of the future are the main fronts for forming new quality productive forces. Based on major breakthroughs in cutting-edge technologies and major development needs, strategic emerging industries play a major leading role in promoting overall and long-term economic and social development. The future industry represents the development direction of science and technology and industry, which is an industry with high scientific and technological level, sufficient green content, strong industrial correlation and large market space. By creating a number of strategic emerging industries such as bio-manufacturing, commercial aerospace, and low-altitude economy, and opening up a new track for future industries such as quantum and life sciences, we can accelerate the transformation of China's economic development mode, economic structure optimization, and economic momentum transformation. To develop new quality productive forces, we should promptly apply the achievements of scientific and technological innovation to specific industries and industrial chains, transform and upgrade traditional industries, foster and strengthen emerging industries, layout and build industries of the future, and improve the modern industrial system.

Developing new quality productive forces is a major strategic measure for advancing Chinese-style modernization and will help consolidate the material and technological foundation for building a great modern socialist country in all respects. It is necessary to comprehensively implement the new development concept and promote high-quality development, which is conducive to the deep transformation and upgrading of industries enabled by new technologies and the continuous formation of new momentum and new space for high-quality development. It is the requirement of The Times to adapt to the new round of scientific and technological revolution and industrial change trend and win the initiative of development, which is conducive to promoting the development of China's science and technology and industry to achieve a major transformation from "follower" to "leader", and firmly grasp the initiative of development in their own hands. To develop the new quality of productive forces, we need to build production relations that are compatible with them, which cannot be achieved without promoting innovative, deep-seated and systematic reforms. The Decision of the Third Plenary Session of the 20th CPC Central Committee made important arrangements for improving the system and mechanism for developing new quality productive forces in accordance with local conditions. To implement the spirit of the Third Plenary Session of the 20th CPC Central Committee, we need to strengthen key generic technologies, cutting-edge leading technologies, modern engineering technologies, and disruptive technological innovation, strengthen the supply of new fields and new track systems, establish a future industrial investment growth mechanism, lead the optimization and upgrading of traditional industries with national standards, and support enterprises to transform and upgrade traditional industries with digital intelligence technologies and green technologies. We will strengthen institutional constraints on environmental protection and safety, and promote the convergence of advanced production factors into new quality productivity. The development of new quality productivity and tackling the key core technologies of "stuck neck" cannot be separated from the support of the financial industry. To this end, we should encourage and standardize the development of angel investment, venture capital and private equity investment, better play the role of government investment funds, and develop patient capital.

Source: SASAC of The State Council